ASK Property Investment Advisors (ASK PIA), the real estate private equity arm of ASK Group, has invested Rs 125 crore in Gulshan Homz's mixed-use project in Noida, Uttar Pradesh.
This is ASK PIA's second investment with Gulshan Homz. Earlier the investment was of Rs 135 crore in a residential project in Noida in July 2019.
Both projects are in line with ASK PIA's strategy of providing funds to projects to facilitate project execution and completion.
The mixed-use project comprising retail, commercial and a multiplex is about 4,00,000 sq ft. It is a fully-paid land with all approvals in place.
The construction is currently at an advanced stage with completion expected in 2021.
The upcoming project is envisaged as a hub for an entire family as it provides with office, shopping, dining and entertainment options.