ASK Group, a financial services firm, has announced that it has invested Rs.200 crore for a mixed-use project. This mixed-use project is being developed in Noida by ATS Infrastructure, a real estate company in NCR.
The investment by ASK Group also sets the beginning of the company in the commercial segment of real estate. The company was only involved in residential segment before the investment.
The mixed-use project, located in sector 124 of Noida will be called Knight Bridge. The development capacity of the project will be 3 million square feet.
ASK Group is glad to become partners with ATS for the project. The company has so far invested in 4 projects with ATS, out of which 3 projects are in Noida. The total investment made in these 4 projects amounts to Rs.650 crore.
ASK Group entered into the business of real estate private equity fund in 2008. Till now, it has raised one offshore and four domestic funds.
ASK Group has managed Rs.4350 crore across 33 investments by its real estate advisory segment.