ASK Property Fund Invests Rs 2.1 Billion in Navi Mumbai

22 Jan 2026 CW Team

ASK Property Fund, part of the Blackstone-backed ASK Asset & Wealth Management Group, will invest Rs 2.1 billion in two residential projects developed by Gami Group in Navi Mumbai.

One project is located in CBD Belapur and spans around two acres, offering two- and three-bedroom homes. The second project is in the Ghansoli micro-market, close to Ghansoli railway station and the Thane–Belapur Road, providing strong connectivity and access to key employment hubs.

Bhavin Jain, Chief Investment Officer at ASK Property Fund, said the investment marks the fund’s entry into the Navi Mumbai market, which has gained momentum following major infrastructure upgrades such as the upcoming Navi Mumbai International Airport and improved connectivity with Mumbai via Atal Setu. He added that both developments offer attractive investment opportunities due to their prime locations within established residential catchments.

Navi Mumbai’s residential market has seen steady, fundamentals-driven growth, with average prices rising 22.4 per cent between 2021 and 2025, from Rs 14,800 to Rs 18,100 per square foot, and a measured 4 per cent year-on-year increase in 2024–25, according to RealX Stats by InvestoXpert.

Jain also noted that planned land allocation by the City and Industrial Development Corporation of Maharashtra for residential and commercial development, along with improving intra-city connectivity, has further strengthened Navi Mumbai’s real estate outlook.

Ambalal Gami, founder of Gami Group, said both projects feature configurations and ticket sizes aligned with current buyer preferences. The Navi Mumbai-based developer has completed around 3.7 million square feet of projects, with 7.6 million square feet under construction and a further 5.4 million square feet in the pipeline.

Recently, ASK Property Fund also announced an investment of Rs 3.4 billion in a portfolio of three residential projects led by the Pune-based Mantra Group. ASK Property Fund is the alternate assets investment arm of the ASK Group, focused on private equity investments in self-liquidating residential projects. Since 2009, ASK has raised over Rs 87 billion, with investors including family offices, high net worth individuals, ultra-high net worth individuals and institutional investors.

ASK Property Fund, part of the Blackstone-backed ASK Asset & Wealth Management Group, will invest Rs 2.1 billion in two residential projects developed by Gami Group in Navi Mumbai. One project is located in CBD Belapur and spans around two acres, offering two- and three-bedroom homes. The second project is in the Ghansoli micro-market, close to Ghansoli railway station and the Thane–Belapur Road, providing strong connectivity and access to key employment hubs. Bhavin Jain, Chief Investment Officer at ASK Property Fund, said the investment marks the fund’s entry into the Navi Mumbai market, which has gained momentum following major infrastructure upgrades such as the upcoming Navi Mumbai International Airport and improved connectivity with Mumbai via Atal Setu. He added that both developments offer attractive investment opportunities due to their prime locations within established residential catchments. Navi Mumbai’s residential market has seen steady, fundamentals-driven growth, with average prices rising 22.4 per cent between 2021 and 2025, from Rs 14,800 to Rs 18,100 per square foot, and a measured 4 per cent year-on-year increase in 2024–25, according to RealX Stats by InvestoXpert. Jain also noted that planned land allocation by the City and Industrial Development Corporation of Maharashtra for residential and commercial development, along with improving intra-city connectivity, has further strengthened Navi Mumbai’s real estate outlook. Ambalal Gami, founder of Gami Group, said both projects feature configurations and ticket sizes aligned with current buyer preferences. The Navi Mumbai-based developer has completed around 3.7 million square feet of projects, with 7.6 million square feet under construction and a further 5.4 million square feet in the pipeline. Recently, ASK Property Fund also announced an investment of Rs 3.4 billion in a portfolio of three residential projects led by the Pune-based Mantra Group. ASK Property Fund is the alternate assets investment arm of the ASK Group, focused on private equity investments in self-liquidating residential projects. Since 2009, ASK has raised over Rs 87 billion, with investors including family offices, high net worth individuals, ultra-high net worth individuals and institutional investors.

Real Estate

28 Feb 2026

Casagrand Launches Keystone In Tiruppur

Casagrand has launched Casagrand Keystone, a gated residential development at Rakkiyapalayam, off Avinashi Road, in Tiruppur. Spread across 2.2 acres, the B+G+5 structure comprises 142 units of 2 and 3 BHK homes, supported by 48 indoor and outdoor amenities. The project is introduced at a starting price of Rs 5,199 per sq. ft. The development allocates 1.3 acres to open space, including a central park of about 24,500 sq. ft. A 6,800 sq. ft. clubhouse includes a multipurpose hall, mini theatre and indoor recreation facilities. Other amenities include a 5,100 sq. ft. swimming pool, poolside par..

Real Estate

28 Feb 2026

Premium homes account for half of India’s housing sales in 2025

Knight Frank India, in its latest report on India’s office and residential property market, has highlighted a significant shift in housing demand, with homes priced above Rs 10 million accounting for 50 per cent of total residential sales across the top eight cities in 2025. The findings underscore the growing dominance of premium housing in the country’s real estate landscape.Out of 348,247 residential units sold during the year, approximately 175,091 units were in the Rs 10 million-plus category, marking a 14 per cent year-on-year increase. The data reflects changing buyer preferences, w..

Infrastructure Energy

28 Feb 2026

Xbattery launches XB-5K energy storage system for homes, offices

Xbattery, a Hyderabad-based deep-tech company specialising in next-generation energy storage and battery management technologies, has introduced its flagship XB-5K, a scalable 5kWh energy storage system designed for homes and offices in India.The XB-5K is built on the company’s indigenously developed BharatBMS platform, described as India’s first universal high-voltage battery management system architecture aimed at reducing import dependence and improving after-sales service capabilities. The launch comes as India seeks to strengthen domestic manufacturing and address reliance on imported..