ASK invests Rs 200 cr in budget housing projects in Pune

13 May 2021 CW Team

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

Infrastructure Transport

16 Sep 2025

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..