ASK Property invests ₹215 crore in Noida project

The ASK Group's real estate private equity arm, ASK Property Investment Advisors, has invested ₹215 crore in Mahagun Group's mid-income housing project in Noida's sector 107.

The project will be developed on a 10-acre plot with the potential to generate a saleable area of more than 2 million square feet of low-rise and high-rise residences. The company has already purchased the property, which is strategically located in Noida's Sector 107 and has well developed social and commercial infrastructure. "This is our seventh investment in Noida and eleventh in NCR. With this investment, ASK group has now invested in projects over 21 million sq ft," said Amit Bhagat, CEO, ASK PIA.