ASK Property Investment Advisors, part of the diversified financial service company ASK Group, is planning to invest Rs 500 crore in various realty projects.
The company intends to invest across multiple mid-market residential projects in India, by December 2014.
Recently, the company raised $50 million (approx Rs 306.75 crore) of its $200 million (approx Rs 1,227 crore) offshore fund in Singapore, part of which will be deployed in FDI compliant residential developments in Mumbai, Pune, Chennai, Bangalore and Delhi-NCR.
The company is also planning to utilise the remaining capital of Rs 400 crore from its second domestic fund of Rs 1,000 crore, which was raised three years ago.