ASK announces new real estate-focused fund, targets corpus of Rs 1,000 cr

The fund is also planning to raise an additional Rs 1,500 crore via a green shoe option

ASK Property Investment Advisors (ASK PIA), the real estate private equity arm of the ASK group, on Tuesday said it is announcing a new real estate-focused fund called  - "ASK Real Estate Special Opportunities Fund – IV".

The fund is targeting a corpus of Rs 1,000 crore and an additional Rs 1,500 crore via a green shoe option. ASK PIA is looking to the raise funds via a mix of offshore and domestic investors.

The fund is in line with ASK’s focus on the affordable & mid segment residential and mix land use projects. The fund will focus on job