PE-RE Fund Investments
ASK Property Fund invests Rs.225-Cr in Kumar Realty's project in Pune's Hinjewadi
ASK Group (via ASK Real Estate Special Opportunities Fund IV or RESOF IV) has invested INR 225 crore in Kumar Realty's residential project in Pune's Hinjewadi area. The project, part of an integrated township called Megapolis, is focused on affordable and mid-income segment homebuyers. Around 4,600 apartments in this integrated township have been delivered. Social infrastructure, including a school, is operational. Around 3,000 apartments are under construction. This is ASK Property Fund's 15th investment in the Pune real estate market. It had also invested in a project of Kumar Realty through its earlier fund.
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