Real Estate (Regulation and Development) Act (RERA), demonetisation, the Real Estate Investment Trust (REIT) and the Goods and Services Tax (GST) are transformational reforms that are expected to bring transparency, efficiency and credibility to the sector.
Established in 1983, ASK Group is known for its strong research-based investment management, asset management, private equity, and more. Currently managing assets of over Rs 15,000 crore across seven offices in India
By this fiscal end, private equity firm ASK Property Investment Advisors plans to invest up to Rs 500 crore in mid-income residential projects in the country, the company CEO and Managing Director Sunil Rohokale said. The company has so far raised two domestic funds with Rs 350 crore in 2009 and Rs 1,000 crore in 2011-12 and has invested to the tune of Rs 800 crore in 12 projects.
In Gurgaon, ASK Property Investment Advisors, the real-estate private equity arm of ASK Group, has made an investment of Rs 147 crore in a residential project of ATS group. This will be the fifth investment from its second real estate fund, raised in 2011-12. The homegrown real estate fund is in the midst of raising $200 from the overseas market to invest in real estate projects that meet the norms for foreign direct investment.