India’s ASK Group reaches first close on offshore real estate fund
ASK Group has reached a first close of $50 million on its debut offshore real estate fund. The full target for the vehicle, which will invest in middle income residential projects in Mumbai, Bangalore, the Delhi National Capital Region (NCR), Pune and Chennai, is $200 million.
First close commitments came from three investors, with ASK Group contributing $5 million. Sunil Rohokale, the group's managing director, expects a final close by March 2015. It will focus on large institutions,...
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