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ASK Investment initiates RE fund

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When property rates was going towards south and experts were facing a hard time, private equity firm ASK Investment Holdings had started its realty fund of about Rs. 550 Crores.
ASK’s management believes that the realty suggested business will balance its present wealth management business barring growth chances presented in the domestic property market. There are some issues which are impacting the flow of funds into the property market; they are strong lending rules, very bad primary market and a miserable global outlook. As reported by the source at the www.propertykhazana.com, Fund is concentrating on the main 7 cities in the country and is gazing to invest mainly in the housing market with a focus on 200 radically burly realty developers.
Executive Director of ASK Investment said to the www.propertykhazana.com that, “Equity and realty are two important property classes of the wealth formation process and we are witnessing the styles in the domestic realty market and are influenced which has a vital location in the permanent wealth formation process. ASK is catering a cash flow casement to investors and this is the portfolio manager at the end of 2-3 years it will cater a cash flow by permitting amenity, as the investor can opt to realize 10% of his capital payment.” For more and latest realty updates visit www.propertykhazana.com.
Source: NBTVLIVE

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