ASK invests Rs 200 cr in budget housing projects in Pune
Real Estate

ASK invests Rs 200 cr in budget housing projects in Pune

A venture of the ASK Group, ASK Property Investment Advisors (ASK PIA) has invested Rs 200 cr in the housing projects of real estate Kalpataru Group in Baner, Pune.

Being ASK’s first investment in Kalpataru Group, a part of the fund will replace the present lender and the rest will be utilised as its working capital. The mid-class residential project extending to 16 acre is under progress and consists of one to three BHK homes in a land of market-worth 1.9 million sq ft of over 1,200 units.

Baner being a residential-industrial region has developed as an IT employment hub that comprises -- IT parks of about 13 million sq ft, office complexes including RMZ Icon and Panchshil Business Park.

MD and CEO of ASK Group Sunil Rohokale has cited that the last couple of years have witnessed a consolidation of demand for homes to reputed, execution-focused and large-scale developers.

He also mentioned that there has been a substantial recovery in affordable and mid-income housing and prices that bottomed out last year led to this sustainable demand. He further added that the decade-low home loan rates, concessions in stamp duty and flexibility have increased the affordability for house purchase. This could boost up the work of near to complete projects that are affordable and have financial closure, says Rohokale.

As part of recovery from the previous year lockdown, ASK PIA invested Rs 125 cr in Gulshan Homz’s Noida project in October.

Image Source


Also read: Affordable housing keeps real estate sector afloat: PropTiger

A venture of the ASK Group, ASK Property Investment Advisors (ASK PIA) has invested Rs 200 cr in the housing projects of real estate Kalpataru Group in Baner, Pune. Being ASK’s first investment in Kalpataru Group, a part of the fund will replace the present lender and the rest will be utilised as its working capital. The mid-class residential project extending to 16 acre is under progress and consists of one to three BHK homes in a land of market-worth 1.9 million sq ft of over 1,200 units. Baner being a residential-industrial region has developed as an IT employment hub that comprises -- IT parks of about 13 million sq ft, office complexes including RMZ Icon and Panchshil Business Park. MD and CEO of ASK Group Sunil Rohokale has cited that the last couple of years have witnessed a consolidation of demand for homes to reputed, execution-focused and large-scale developers. He also mentioned that there has been a substantial recovery in affordable and mid-income housing and prices that bottomed out last year led to this sustainable demand. He further added that the decade-low home loan rates, concessions in stamp duty and flexibility have increased the affordability for house purchase. This could boost up the work of near to complete projects that are affordable and have financial closure, says Rohokale. As part of recovery from the previous year lockdown, ASK PIA invested Rs 125 cr in Gulshan Homz’s Noida project in October. Image SourceAlso read: Affordable housing keeps real estate sector afloat: PropTiger

Next Story
Infrastructure Transport

Indian Railways completes launch of world’s tallest railway pier bridge

In a major engineering milestone, Indian Railways has successfully completed the launching for all eight spans of the world’s tallest railway pier bridge on the Jiribam–Imphal railway line. The development was announced by Union Railway Minister Ashwini Vaishnaw via a post on social media platform X. The bridge, located in the Khongsang–Noney section of the Jiribam–Imphal Capital Connectivity Project, features a total of eight spans—comprising 1 x 71.5 metres, 5 x 106 metres, another 71.5 m span, and a 30 m span. The tallest pier of the bridge rises to a height of 141 m, making ..

Next Story
Infrastructure Urban

Enlight Metals brings AI efficiency to India's steel trade

Pune-based metal aggregator Enlight Metals is transforming the traditionally unorganised steel trading sector by embedding artificial intelligence (AI) across its operations. Faced with challenges like unpredictable demand, stockouts, and slow customer responses, the company has adopted AI-driven tools to streamline functions from inventory to customer engagement. By integrating AI with its CRM and ERP platforms, Enlight Metals has achieved a 40 per cent improvement in customer response time and a 25 per cent reduction in stockouts. The system prioritises customer queries from WhatsApp an..

Next Story
Infrastructure Urban

NMDC Drives Rural Transformation Through Education Initiatives

NMDC, India’s largest iron ore producer and a Navratna PSU, is quietly transforming rural India through its long-standing investment in education. With a total CSR contribution exceeding Rs 26 billion over the past two decades, NMDC has channelled more than Rs 6.9 billion into education initiatives alone, supporting over 1 lakh students annually in Chhattisgarh and Karnataka. “At NMDC, community development is a core part of our identity. By significantly increasing our CSR contribution in education year after year, we are educating not just an individual but a whole family, their gen..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?