PE-RE Fund Investments
ASK Property Fund invests Rs.190-Cr in Kalpataru’s Borivali project
ASK Property Fund, the real estate private equity arm of Blackstone backed ASK Asset & Wealth Management Group, has invested INR 190 crore in Kalpataru Group ’s upper mid-income housing project in the Borivali suburb of Mumbai.The project spread over a total 6-acre land parcel has development potential of around 6.5 lakh sq ft and estimated revenue potential of over INR 1,200 crore. The funds will be deployed for acquisition and working capital requirement of the project.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
