ASK Group plans to launch Rs 1,000-crore property fund post lockdown

Mumbai-based fund manager ASK Group is looking to launch a Rs 1,000 crore domestic property fund once the lockdown gets over.

The fund manager feels there is good demand from first time homebuyers and developers need capital in the current scenario which is why the firm is looking to raise the fund, said Sunil Rohokale, managing director at ASK group.

Rohokale said ASK is also planning to launch offshore property fund. “Risk reward ratios are attractive now. We will invest in good quality projects focusing on first time buyers,” Rohokale said, adding that with developers’ expectations coming down and opportunities have increased.