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Construction : BudgetExpectation | July 2014 | Source : Construction Update

ASK Group provides funds for ATS Noida project

ATS Group has raised of Rs 1,270 million from the offshore fund managed by Singapore-based arm ASK Capital Management for developing housing project in Noida. The first deal from the offshore fund named ASK India real estate special opportunities fund takes ASK's total funding to Rs 3,240 across 3 projects developed by ATS. ASK’s strategy to invest in top five cities and in mid-segment residential housing projects. The developer has bought 20 acres of land from Logix and expects to have sales monetization of Rs 10,000 million with a saleable areas of 1.7 million sq.ft from the project which is expected to be completed in next 3-4 years.
 
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