ASK Property Investment Advisors (ASKPIA), the territory private quality arm of a prestigious extended money related associations firm ASK Group today purported its 6th way out. The way out from Rs.270 crs is from ASK PIA's second adjacent asset 'ASK Real Estate Special Opportunities Fund', in the ATS Infrastructures' Gurgaon meander 'ATS Tangerine' masterminded on Sector 99A near the rising headway method for Dwarka-Gurgaon interstate. ASK Group had contributed Rs. 147 crs with ATS Group in July 2013 and in under three years; the same has brought an IRR of 25% and a different of 1.82.
This is the second exit from 'ASK Real Estate Special Opportunities Fund'. ASK acquired its second stockpile 2011-2012 which is completely dedicated in Mumbai, Pune, Bengaluru and NCR.
While remarking in travel out Amit Bhagat, MD&CEO, ASK Property Investment Advisors said, "Our first hypothesis from the crucial asset was in like way with ATS in Noida, in a try, 'One Hamlet' which was gone on two years back. We have set resources into six exchanges with ATS and have left totally in four. Our aide ATS has shown a faultless reputation of development and quality with focused courses of events. His differentiators are clearly felt by clients in association and post transport experience. "
Sunil Rohokale, MD and CEO, ASK Group said, "This a yet another accomplishment satisfied by ASK by returning for all intents and purposes 48% of the second store identical in to some degree over four years. ASK spares have exhibited way out notoriety of close Rs. 1400crs through its six full and seven section exits checking returns in the degree of 21% to 25% IRR and this execution has been exceedingly regarded by money related powers. Our strategy to stay focussed in moderate size private activities and in six metros i.e. Mumbai, Delhi-NCR, Pune, Chennai, Bengaluru and Hyderabad stays solid for future hypotheses also."
Getamber Anand, CMD, ATS Infrastructure said, "ASK has always been our favored adornment in perspective of their deftness and comprehension of the business. We will keep focusing on clients and in the process all accessories are in this manner balanced."
In FY 16, ASK Group has contributed Rs. 365 Cr in Rajesh Lifespaces' Vikhroli meander, Rs 125 crores with ATS bunch in Noida meander, Rs.112 crore in "Purvankara"s" Chennai create and has left from three theories while gathering an amazing different. The get-together left Mumbai's 'Rajesh Lifespaces' speculation with an alternate of 2.26 in more than three years, and its interests in Pune with Amit Enterprises and Paranjape with a different of 2.53 (more than 3 years )and 1.80 times (under 3 years ) autonomously. Moreover, the get-together has left from 'ATS ONE Hamlet', a try of ATS Group in Noida in (2012) , with a substitute of 2.45 in to some degree over two years and 'Liviano', an attempt by Darode-Jog Developers in Pune in (2010), while giving back a different of 2.35 in to some degree over three years.
ASK Group through its Real Estate meander admonitory business directs Rs.3800 crore and has submitted Rs 2200 crore in 21 meanders.
Wednesday, May 18, 2016
ASK Group exits ATS Infrastructure's Gurgaon venture
ASK Property Investment Advisors (ASKPIA), the territory private quality arm of a prestigious extended money related associations firm ASK Group today purported its 6th way out. The way out from Rs.270 crs is from ASK PIA's second adjacent asset 'ASK Real Estate Special Opportunities Fund', in the ATS Infrastructures' Gurgaon meander 'ATS Tangerine' masterminded on Sector 99A near the rising headway method for Dwarka-Gurgaon interstate. ASK Group had contributed Rs. 147 crs with ATS Group in July 2013 and in under three years; the same has brought an IRR of 25% and a different of 1.82.
This is the second exit from 'ASK Real Estate Special Opportunities Fund'. ASK acquired its second stockpile 2011-2012 which is completely dedicated in Mumbai, Pune, Bengaluru and NCR.
While remarking in travel out Amit Bhagat, MD&CEO, ASK Property Investment Advisors said, "Our first hypothesis from the crucial asset was in like way with ATS in Noida, in a try, 'One Hamlet' which was gone on two years back. We have set resources into six exchanges with ATS and have left totally in four. Our aide ATS has shown a faultless reputation of development and quality with focused courses of events. His differentiators are clearly felt by clients in association and post transport experience. "
Sunil Rohokale, MD and CEO, ASK Group said, "This a yet another accomplishment satisfied by ASK by returning for all intents and purposes 48% of the second store identical in to some degree over four years. ASK spares have exhibited way out notoriety of close Rs. 1400crs through its six full and seven section exits checking returns in the degree of 21% to 25% IRR and this execution has been exceedingly regarded by money related powers. Our strategy to stay focussed in moderate size private activities and in six metros i.e. Mumbai, Delhi-NCR, Pune, Chennai, Bengaluru and Hyderabad stays solid for future hypotheses also."
Getamber Anand, CMD, ATS Infrastructure said, "ASK has always been our favored adornment in perspective of their deftness and comprehension of the business. We will keep focusing on clients and in the process all accessories are in this manner balanced."
In FY 16, ASK Group has contributed Rs. 365 Cr in Rajesh Lifespaces' Vikhroli meander, Rs 125 crores with ATS bunch in Noida meander, Rs.112 crore in "Purvankara"s" Chennai create and has left from three theories while gathering an amazing different. The get-together left Mumbai's 'Rajesh Lifespaces' speculation with an alternate of 2.26 in more than three years, and its interests in Pune with Amit Enterprises and Paranjape with a different of 2.53 (more than 3 years )and 1.80 times (under 3 years ) autonomously. Moreover, the get-together has left from 'ATS ONE Hamlet', a try of ATS Group in Noida in (2012) , with a substitute of 2.45 in to some degree over two years and 'Liviano', an attempt by Darode-Jog Developers in Pune in (2010), while giving back a different of 2.35 in to some degree over three years.
ASK Group through its Real Estate meander admonitory business directs Rs.3800 crore and has submitted Rs 2200 crore in 21 meanders.
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