Council clears path to replace Whitestone Lanes with housing
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ASK Property Advisors Ltd, the real estate private equity investment arm of Mumbai-based ASK Group, has made an investment from its sixth fund to finance the development of ......
The project predominantly comprises of residential developments and is part of the integrated township, Megapolis, located within Hinjewadi, which is being developed by Kumar Realty.
ASK Property Fund, the real estate private equity arm of ASK Group, has invested Rs 225 crore in a residential project by Kumar Realty in Pune's Hinjewadi. The investment was made through ASK Real Estate Special Opportunities Fund IV (RESOF IV). The project targets affordable and mid-income homebuyers and is part of an integrated township. ASK Property Fund has a track record of 15 investments in Pune's real estate market.
According to market sources, Hinjewadi has witnessed sales of over 9,000 units in the last two years. Year-on-year price has appreciated by about 6-8 percent in the region, the company said.