ASK Property Invests Rs. 350Crore accumulated in Paranjape Group and Naiknavare Group projects.

By Abhay Harish Shah , Realty Quarter

ASK Property Investment Advisors are the property advisor who manages and gives information on real estate committed funds.

Recently, ASK Property Investment Advisors has invested for residential and commercial projects located in Pune. This project is based on realty developers called Paranjape Group and Naiknavare Group. ASK Property has invested over Rs 350crore accumulated in Paranjape Group and Naiknavare Group.

Out of Rs. 350crore Rs. 275crore is invested in Paranjape Group projects and Rs. 75crore is invested in Naiknavare Group Projects.

Mr Amit Bhagar (MD & CEO of ASK Property Investment Advisors) said “This all investments are done in projects which are located in suburbs area which has proximity to job markets and access to the social area. Our main intention is to recapitalize and deleverage projects of developers who are customer centric with a focus on product, quality and timely completion”.

ASK Property Investment Advisors was set up by the ASK Group to manage and advise real estate related funds. For the Pune projects ASK have made its investments through two of its funds viz: 1) Real Estate Special Opportunities Fund and 2) Real Estate Special Situations Fund.

Mr Sunil Rohokale (MD & CEO) of ASK Group said: “Through our funds, we intend to provide our developer partners with patient capital thereby enabling them in project completion, driving sales, generating better cash flows and increasing profitability.”

With our investment, we are strengthening our conception of a long-term partnership with experienced developers who have a strong track record of execution.

In the past 3months, ASK Property Investment Advisors have invested almost Rs 700crore in Real Estate Projects. This is the 3rd investment done by ASK Property Investment Advisors in Paranjape Group and 2nd investment in Naiknavare Group. In March, the company had invested in QVC Reality Developers, Tridhaatu Realty and TVS Emerald part of TVS Group which in total was around Rs 326crore. This investment is spread across location like Mumbai, Bengaluru, Chennai and National Capital Region (NCR).