Shriram-ASK Fund buys stressed property in Bengaluru

14 Dec 2022 CW Team

Shriram Properties has acquired a stressed plotted development project from IIFL in a deal valued at around Rs 1.25 billion. This is the maiden acquisition under the co-investment platform set up recently by Shriram with the ASK Property Fund.

The transaction involves the acquisition and development of ‘Golden Ira’, a project of the Golden Gates Group that was a stressed asset with lending entities that are a part of the IIFL Group.

Golden Ira is an approved plotted development project located at Dodballapur in North Bangalore, with an aggregate saleable area of around 1 million square feet. The project has the necessary approvals in place already and also partially completed infrastructure.

Shriram Properties acquired the Project from IIFL Group entities through Shriram Properties Housing Projects Pvt Ltd, a wholly-owned subsidiary of the company.

“This is yet another successful acquisition of a stressed asset by us in recent months. This addition will strengthen our launch pipeline for FY23, and we will focus on unlocking value through accelerated execution and timely delivery,” said Murali M, chairman and managing director of Shriram Properties.

In October, ASK Property Fund, the alternate asset investment arm of the ASK Group, agreed with Shriram to set up a Rs 500 crore investment platform for the acquisition of residential real estate projects across southern India.

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..