ASK Property Fund, the real estate private equity arm of the ASK Asset & Wealth Management Group, has recently invested around INR 190 Crore in a housing project by Kalpataru Group.
This upper mid-segment project in Borivali West includes 310 units and spans approximately 6 Acres. With a development potential of about 6.5 lakh-SqFt, it promises an estimated revenue of over INR 1,200 Crore. Conveniently located, the project offers excellent access to road, rail, and metro networks. Additionally, the catchment area boasts a well-developed social infrastructure, attracting buyers to Mumbai’s western suburbs.
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The project entails redeveloping two large housing societies, Yoganand and Jay Kamakshi Society in Borivali. The current residents of these societies will benefit from a total redeveloped RERA carpet area of 2.95 Lakh-SqFt. This marks ASK Property Fund’s second collaboration with Kalpataru Group.
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