ASK Property has entered into commercial real estate with a Rs 200 crore deal with ATS’s infrastructure project named as Knights Bridge. The mixed project is located in Sector 124 in Noida and spread across over 3 million sq. ft. area.
The real estate private equity arm of ASK group has been in the real estate private equity fund market since 2008. Since then, the company has raised fund a total of four domestic and one offshore project in the residential sector.
As the commercial sector has been taking the highway with increasing demand, ASK Property like many REITs and institutional investors sees the potential in leased office assets. In its four investment with ATS, the company has invested a total Rs 650 crore and exited around Rs 521 crore.
“We remain focused on one of our most important differentiator of developer selection and hence we are very happy to partner with ATS for the fourth project. Noida is poised to be one of the fastest growing markets in NCR due to excellent infrastructure, job creation and proximity to Delhi,” says Amit Bhagat, MD & CEO, ASK Property Investment Advisors.
Source: ET Realty