ASK Group marks maiden entry into Commercial Real Estate by investing Rs.200 Cr in ATS Infrastructure’s mixed land use project in Noida.

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ASK Group, a leading financial services firm has announced an investment of Rs.200 Cr. in ATS Infrastructure project ‘Knights Bridge’. The project is strategically located in Sector 124, Noida and is a mixed use development project of more than three million square feet.

 

ASK Group ventured into real estate private equity fund business in 2008 and so far it has raised four domestic and one offshore fund. The funds so far have all investments in residential projects. While commenting on the opportunity in commercial real estate sector, Mr. Amit Bhagat, MD & CEO, ASK Property Investment Advisors said, “We remain focussed on one of our most important differentiator of developer selection and hence we are very happy to partner with ATS for the fourth project. Of the 4 project investments in ATS, 3 projects are in Noida. We have invested Rs.650 Cr. in these 4 projects and have exited investments of Rs. 521 Cr. with good returns. Noida is poised to be one of the fastest growing markets in NCR due to excellent infrastructure, job creation and proximity to Delhi.”

 

Mr. Sunil Rohokale, MD & CEO, ASK Group while commenting on this announcement said, “Our group is focussed on delivering consistent, predictable returns which requires disciplined approach to investing. Our investors appreciate partner selection, risk management framework and asset management focus. Compounding of opportunity through repeat investments clearly reflects our belief in partner, location and methodology of investments. With this investment, we are pleased to announce our foray in commercial real estate investment’’

 

Mr. Getamber Anand, Chairman & Managing Director, ATS Infrastructure mentioned, “Our brand represents focus on customer satisfaction, delivery, quality and experience. We are pleased to have repeat investor like ASK due to our understanding of risk and growth opportunities”

 

ASK Group through its Real Estate investment advisory business manages Rs.4,350 Cr. and has committed over Rs 2,400 Cr. across 33 investments. ASK funds have demonstrated exit track record of over Rs. 1,900 Cr. through its eighteen full and six part exits clocking returns in the range of 17% to 55% IRR.

 

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