ASK Property to invests Rs 190 crore in real estate project in Mumbai
The real estate private equity arm of Blackstone-backed ASK Asset & Wealth Management Group, ASK Property fund has invested Rs 190 crore in a real estate project being developed by Kalpataru in Mumbai. As per the update, the project is an upper mid-segment project, located in Borivali West, comprising 310 units and is spread across 6 acres with a total saleable area of about 6.5 lakh square feet.
The investment would be deployed for the acquisition and working capital requirement of the project.
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