Private equity firm, Ask Group, has invested in realty firm ATS Group's housing project in Noida. The total investment is Rs 127 crore.
ATS has bought 20 acre land from Logix and plans to launch the housing project in the next 3-4 months.
This is ASK Group's third investment in ATS Group's projects. ATS had earlier raised Rs 50 crore for another project in Noida and Rs 140 crore for a housing project in Gurgaon.
This is ASK Group’s first investment from the offshore fund managed by Singapore-based arm, ASK Capital Management.
ASK Group currently manages real estate assets of more than Rs 2,100 crore.
The Group has successfully raised two domestic funds and an offshore fund amounting to about Rs 1,600 crore.