Ensuring smooth flow of funds to the on-going real estate projects, ASK group via its private equity arm will invest ₹326 crore in housing projects being developed by QVC Realty, Tridhaatu and TVS Emerald. These projects are located in Mumbai, Bengaluru, Chennai and Delhi-NCR, MD & CEO, ASK PIA, Amit Bhagat, said, adding that about ₹200 crore would be invested in three projects of QVC Realty in NCR and Bengaluru, ₹80 crore in two projects of TVS group firm TVS Emerald and ₹44 crore in three projects of Tridhaatu Realty. Project launches with right-sized and right-priced focused on mid-segment have seen growth in absorption and that lack of refinancing to developers has considerably increased the deal flow for private equity. These investments are in line with the fund's strategy of investing in residential focused real estate projects in the top five cities with established developers across the country.
📅Published on:
21 March 2019
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