January 29, 2025 |

ASK Property Fund Invests Rs 245 Crore in Satya Group’s Residential Project in Gurgaon

Ask Property Fund Invests Rs 245 Crore In Satya Group’s Residential Project In Gurgaon

ASK Property Fund, the real estate arm of the Blackstone-backed ASK Asset & Wealth Management Group, has invested of Rs 245 crore for the development of a residential project by Satya group in Sector 104, Dwarka Expressway Gurugram.

With a total saleable area of approximately 1.2 million sq ft, the project has revenue potential of Rs 1,600 crore in the next five years. The proposed project comprises about 500 units targeting mid and upper-mid-income segment buyers and will spread across 4.6 acres.

“This is another strategic investment in Gurgaon, reinforcing our stronghold in the NCR Market. The project will leverage Dwarka Expressway’s outstanding connectivity and position in a transit-oriented zone. The entry point for acquisition provides an excellent margin of safety and aligns perfectly with our investment strategy,” said Bhavin Jain, CIO, ASK Property Fund.

The fund will be deployed for land acquisition and the project’s working capital requirement.

“This project offers end users and investors both a great opportunity to be a part of the most exciting micro market of Gurgaon, Dwarka Expressway,” said Manish Agarwal, founder of Satya Group.

Recently, ASK Property Fund, announced raising Rs 1,000 crore in equity, with an additional greenshoe option of Rs 500 crore, for the country’s first luxury real estate investment platform – ASK Curated Luxury Assets Fund with India Sotheby’s International Realty.

The fund will focus on investing in high-end and luxury real estate developments in Tier 1 cities and premium holiday home hotspots, which will include vacation and pilgrimage destinations.

Earlier, ASK Property Fund had invested Rs 120 crore in Trevoc’s luxury residential project in Gurugram where the property developer is investing Rs 80 crore.

ASK PIA has raised around Rs 7,500 crore (US$ 1 Bn based on exchange rate at the time of each investment) since 2009 and investors include Family Offices, Ultra High Net Worth Individuals (UHNI), High Net Worth Individual (HNI) and Institutions.

Satya group has developed over 10 million sq. ft. of commercial and residential projects over the past four decades in Delhi NCR, Bangalore, Punjab, and Madhya Pradesh.

Source : ET

Related Articles

Elan Group to Invest Rs 3,000 Crore in Gurgaon Project
February 6, 2025 | Real Estate News

Elan Group to Invest Rs 3,000 Crore in Gurgaon Project

Gurugram-headquartered realty developer Elan Group will invest Rs 3000 crore in developing its ultra-luxury residential project in Sector 106, Dwarka […]

Gokulam The Sanctuary Floors Sohna
February 5, 2025 | Projects Gurgaon

Gokulam The Sanctuary Floors Sector 7 Sohna: Connecting Lifestyle and Opportunity

Luxurious contemporary homes with wellness services are available at Gokulam The Sanctuary Floors located in Sector 7 Sohna. Gokulam The […]

Cosmos-express-99-sector-99-gurugram
February 5, 2025 | Projects Gurgaon

Find Your Dream Home at Cosmos Express 99 Sector 99 Sohna

Cosmos Express 99 offers premium living options in Sector 99 Gurgaon by combining modern international architectural design with ideal residential […]

Disclaimer: This website is in the process of being updated. by accessing this website, the viewer confirms that the information including brochures and marketing collaterals on this website are solely for informational purposes only and the viewer has not relied on this information for making any booking/purchase in any project of the company. Nothing on this website, constitutes advertising, marketing, booking, selling or an offer for sale, or invitation to purchase a unit in any project by the company. The company is not liable for any consequence of any action taken by the viewer relying on such material/ information on this website.