ASK Grp invests this much in in Kalpataru Grp’s housing project in Pune
New Delhi: ASK Property Investment Advisors has made an investment of Rs 200 crore in Kalpataru Grp’s housing project in Pune.
ASK Property Investment Advisors is realty PE of the ASK Group.
The project is mid-income category project located in Baner locality of Pune. The project has already commenced construction and is spread over an area of 16 acres having saleable area of 1.9 million square feet. The project will have 1,200 flats.
“The project is in line with our strategy of providing funds to mid-income housing projects for mid/last mile execution and completion,” said Amit Bhagat, MD and CEO, ASK Property Investment Advisors, in a statement.
“The last couple of years have witnessed a consolidation of demand for homes to reputed, execution-focussed and large-scale developers. Affordable and mid-income housing has seen a substantial recovery and prices have bottomed out in the last one year, which has also led to sustainable demand. Decade-low home loan rates, concessions in stamp duty/premiums, and flexibility by developers have increased the affordability for home purchase,” said Sunil Rohokale, MD and CEO, ASK Group.