ASK group makes Rs 440-crore exit from 3 realty projects

These include residential projects of Puranik Group, ATS Infrastructures, Shriram Properties

ASK Property Investment Advisors (ASKPIA), the real-estate private equity arm of financial services firm ASK Group today announced exits from its project investments totaling Rs 440 crore in Noida, Bengaluru and Thane. 

ASK has exited from ATS Infrastructures’ Noida project ‘ATS Le Grandiose’ located on Noida-Greater Noida Expressway at Sector 150 for Rs 121 crore. The investment was made from ASK's domestic fund ‘ASK Real Estate Special Opportunities Portfolio II’. ASK had invested Rs 66 crore with ATS Group in February 2014 and in three years; the same has fetched a return of 27 per cent and a multiple of