ASK Property Fund exits Gulshan Homz Project with 21% IRR

In September 2020, amid the Covid pandemic, ASK Property Fund agreed to invest a sum of Rs 125 crore with Gulshan Homz for their Gulshan One 29 project in Noida. This month the real estate fund will exit its investment having gained an IRR of 21 per cent.

Having kept a keen eye on the property market in Noida, ASK Property Fund, the private equity investment arm of ASK Group, were able to grab the opportunity to invest in Gulshan Homz’ project Gulshan One 29. The developer’s focus on execution and customer service further cemented their decision to go ahead. Having successfully realized their investment today, both entities hope to work again in the near future.

ASK Property Investment Advisors, the alternate asset investment arm of the ASK Group has raised over 600 crore rupees through the initial closing of its sixth real estate fund. The funds raised will be invested in the residential markets of Mumbai, Pune, Noida, Gurgaon, Bengaluru and Chennai.

Next (Stay on disputed CRZ plot sale in Nerul to remain)

ASK Property Fund exits Gulshan Homz Project with 21% IRR

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