ASK group to invest Rs 1,000 cr as equity in housing projects

Financial services firm ASK group will invest over Rs 1,000 crore as private equity in housing projects this fiscal despite demand slowdown and uncertainty in the market after the new realty law came into effect.

ASK group, which invested Rs 700 crore in last fiscal, expects more opportunity in the real estate sector after the implementation of the new realty law and the GST, a company official said.

"We are planning to invest more than Rs 1,000 crore as equity investment in the mid-segment and affordable housing segment in 2017-18," ASK Property Investment Advisors Managing Director Amit Bhagat told

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