“Domestic investors account for half of the real estate fund raised, while international investors make up the other half. We want to raise Rs 2,000 crore for the fund “Sunil Rohokale, group managing director and chief executive.
MUMBAI: ASK Property Investment Advisors (PIA) announced on Monday that it had completed the initial closing of a real estate fund worth Rs 610 crore. According to ASK PIA‘s chief executive and managing director Amit Bhagat, the new fund would invest in established residential markets including as Mumbai, Pune, Noida, Gurgaon, Bengaluru and Chennai.
“Domestic investors account for half of the real estate fund raised, while international investors make up the other half. We want to raise Rs 2,000 crore for the fund “, Sunil Rohokale went on to say.
According to an official statement, ASK PIA’s Real Estate Fund IV is the firm’s sixth real estate fund, and private equity investments in income-generating commercial, industrial, residential, and data centres have expanded dramatically in recent years, owing to foreign capital inflows into India.
Sunil Rohokale, group managing director and chief executive, stated that the residential market is already growing and would continue to develop in 2022. According to him, the group’s strengths are identifying suitable developers, relevant micro markets, and entering at the right price.
End-user demand combined with reducing inventory on one hand, and job creation along with income growth in the service industry, IT, financial services, and allied industries on the other, are the driving forces behind continued demand in the residential sector, according to the company.