Making it the company’s maiden investment in the commercial real estate space, financial services firm ASK Group has invested Rs 200 crore in ATS Infrastructure project ‘Knights Bridge’. The project, located in Noida, is a mixed use development project of more than three million square feet.

“Our group is focused on delivering consistent, predictable returns which requires disciplined approach to investing. Our investors appreciate partner selection, risk management framework and asset management focus. Compounding of opportunity through repeat investments clearly reflects our belief in partner, location and methodology of investments,” Sunil Rohokale, MD & CEO at ASK Group said.

ASK Group ventured into real estate private equity fund business in 2008 and so far it has raised four domestic and one offshore fund. The funds so far have all investments in residential projects.

“Of the 4 project investments in ATS, three projects are in Noida. We have invested Rs 650 crore in these four projects and have exited investments of Rs 521 crore with good returns. Noida is poised to be one of the fastest growing markets in NCR due to excellent infrastructure, job creation and proximity to Delhi,” Amit Bhagat, MD & CEO at ASK Property Investment Advisors said.

ASK Group through its real estate investment advisory business manages Rs 4,350 crore and has committed over Rs 2,400 crore across 33 investments. ASK funds has an exit track record of more than Rs 1,900 crore through its 18 full and six part exits clocking returns in the range of 17 per cent to 55 per cent internal rate of return.

rajesh.kurup@thehindu.co.in

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