Blackstone-backed ASK Property Fund invests Rs 300 crore in Ghaziabad housing

economictimes.indiatimes.com

ASK Property Fund, backed by Blackstone, has invested Rs 300 crore in two residential projects in Ghaziabad, targeting developments by BRV Group and KW Group in Vasundhara and Indirapuram. The investment is driven by strong end-user demand, attractive ticket sizes, and improved connectivity via the Delhi-Meerut Expressway, Namo Bharat Rapid Rail, and Metro links. The fund aims to support timely project delivery and generate sustainable risk-adjusted returns for investors. ASK Property Fund previously committed Rs 500 crore to a platform with Bhumika Group and has raised Rs 10,000 crore since 2009. It focuses on private equity in the self-liquidating residential segment.


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Blackstone-backed ASK Property Fund invests Rs 300 crore in Ghaziabad housing | News Minimalist