ASK PIA Gets Approval For AIF In GIFT City
The ASK Real Estate Fund II, sponsored by ASK Property Investment Advisors (ASK PIA) has got the approval from the International Financial Services Centre Authority (IFSCA) to set up and manage its first real estate-focused fund of funds as an Alternative Investment Fund (AIF), category III from GIFT City, Gujarat. The fund would be a pooling vehicle for international funds to invest in funds that will invest the money further in companies or projects.