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

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..