ASK Group exits projects in Noida, Bengaluru and Thane for Rs.440 Cr with handsome returns

ask-wealth-management-logoBy Accommodation Times Bureau

New Delhi,7th Feb, 2017: ASK Property Investment Advisors (ASKPIA), the real-estate private equity arm of a renowned diversified financial services firm ASK Group announced exits from its project investments in Noida, Bengaluru and Thane.  The exits have materialised after demonetisation.

 

ASK has exited from ATS Infrastructures’ Noida project ‘ATS Le Grandiose’ located on Noida Greater Noida Expressway at Sector 150 for Rs.121 Cr. The investment was made from ASK PIA’s domestic fund ‘ASK Real Estate Special Opportunities Portfolio II’. ASK had invested Rs. 66 Cr with ATS Group in Feb 2014 and in three years; the same has fetched an IRR of 27% and a multiple of 1.85.

 





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