ASK Property Investment pumps Rs 215 cr for Mahagun's housing project

12 Nov 2021 CW Team

The real estate private equity arm of the ASK Group, ASK Property Investment Advisors, has pumped in Rs 215 crore in Mahagun Group’s mid-income home project in sector 107 of Noida.

The project will be built on a 10-acre land parcel, which has the potential of building a saleable area of more than 2 million sq ft including low-rise and high-rise flats. The firm has already procured the land parcel strategically situated in Noida’s sector 107 with built social and commercial infrastructure.

Amit Bhagat, CEO & MD, ASK PIA told the media that it is their seventh investment in Noida and eleventh in NCR. With this investment, the ASK group has funded projects over 21 million sq ft, including more than 8,000 residential properties in Noida.

He said that the project is in line with ASK Property Investment Advisors’ plan of rendering funds for mid-income housing achieved by authorised developers with an execution track record along job growth corridors.

The intended project is near the Aqua Line metro, Noida Expressway and numerous big information technology and office parks comprising the Noida and Samsung Special Economic Zones. The project is situated adjacent to the premium residential Sector 47 and Sector 104 of Noida. It is one of the few projects where land is completely paid for before the start of sales

. ASK PIA, the alternate asset investment arm of the ASK Group concentrates on private equity investments in self-liquidating mid-income and affordable residential and commercial assets. It has raised about Rs 5,000 crore since 2009 from investors comprising family offices, ultra-high net worth individuals (UHNI), high net worth individuals (HNI) and Institutions.

Sunil Rohokale, MD & CEO, ASK Group, told the media that it has resulted in high sustainable demand. He said that the lowest home loan rates, concessions in stamp duty charges, and flexibility by developers have surged the affordability and affinity towards the house purchase.

All the projects, which are focused on middle-income housing situated in growth corridors and that have received financial closure, will be key beneficiaries. Private equity investments into the realty sector have remained to surge over the past couple of years and even the last year despite the pandemic scenario.

Image Source

Also read: ASK Property to set up alternate investment fund in GIFT City

The real estate private equity arm of the ASK Group, ASK Property Investment Advisors, has pumped in Rs 215 crore in Mahagun Group’s mid-income home project in sector 107 of Noida. The project will be built on a 10-acre land parcel, which has the potential of building a saleable area of more than 2 million sq ft including low-rise and high-rise flats. The firm has already procured the land parcel strategically situated in Noida’s sector 107 with built social and commercial infrastructure. Amit Bhagat, CEO & MD, ASK PIA told the media that it is their seventh investment in Noida and eleventh in NCR. With this investment, the ASK group has funded projects over 21 million sq ft, including more than 8,000 residential properties in Noida. He said that the project is in line with ASK Property Investment Advisors’ plan of rendering funds for mid-income housing achieved by authorised developers with an execution track record along job growth corridors. The intended project is near the Aqua Line metro, Noida Expressway and numerous big information technology and office parks comprising the Noida and Samsung Special Economic Zones. The project is situated adjacent to the premium residential Sector 47 and Sector 104 of Noida. It is one of the few projects where land is completely paid for before the start of sales. ASK PIA, the alternate asset investment arm of the ASK Group concentrates on private equity investments in self-liquidating mid-income and affordable residential and commercial assets. It has raised about Rs 5,000 crore since 2009 from investors comprising family offices, ultra-high net worth individuals (UHNI), high net worth individuals (HNI) and Institutions. Sunil Rohokale, MD & CEO, ASK Group, told the media that it has resulted in high sustainable demand. He said that the lowest home loan rates, concessions in stamp duty charges, and flexibility by developers have surged the affordability and affinity towards the house purchase. All the projects, which are focused on middle-income housing situated in growth corridors and that have received financial closure, will be key beneficiaries. Private equity investments into the realty sector have remained to surge over the past couple of years and even the last year despite the pandemic scenario. Image Source Also read: ASK Property to set up alternate investment fund in GIFT City

Real Estate

01 Dec 2025

Serene, Gardencity to Develop Rs 3 Billion Senior Living Project in Bengaluru

Serene Communities, a leading senior living brand, has partnered with Gardencity Realty to develop a premium senior living community in Budigere, one of Bengaluru’s fastest-growing residential micro-markets. The project will span approximately 300,000 sq ft, with a Gross Development Value of about Rs 3 billion, and will add roughly 250 senior-friendly residences to the city’s growing retirement housing segment.The launch forms part of Serene Communities’ national expansion strategy. The company has 11 new projects under development with a planned investment of Rs 25 billion that will add..

Real Estate

01 Dec 2025

Alliance City Developers Marks Major 2025 Milestones in Vile Parle

Alliance City Developers Realtors has announced significant project milestones and expansions in 2025, underscoring what the company terms a transformational year. The developer completed multiple residential projects and launched two premium developments in Vile Parle (East), one of Mumbai’s most sought-after neighbourhoods.During the year, Alliance Legacy in Matunga (East) received its Occupancy Certificate (OC), while Alliance Eternis in Borivali (West) and Alliance Vista in Vile Parle (East) were granted Completion Certificates (CC), marking final project delivery. Alliance Abhimanyu is ..

Infrastructure Energy

03 Dec 2025

Moro Hub and PwC Middle East Partner to Accelerate Smart City Solutions

Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (DEWA), has announced a strategic collaboration with PwC Middle East to advance Smart City, Integrated Command Centre (ICC), Critical Infrastructure Monitoring and Internet of Things (IoT) initiatives across the region. The partnership brings together Moro Hub’s digital infrastructure and IoT capabilities with PwC’s global expertise in digital trust, smart city strategy and cybersecurity to support the UAE’s vision for intelligent and sustainable cities.“Our collaboration with PwC Middle Ea..