ASK Property Fund, KREEVA, and Shapoorji Pallonji Real Estate are set to invest ₹2.7 billion in a residential project in Gurugram’s Sector 46. Bhavin Jain, Chief Investment Officer at ASK Property Fund, highlighted the project’s low-risk profile, attributing it to substantial equity contributions from KREEVA and collaboration with Shapoorji Pallonji Real Estate.
The development spans 1.74 acres and is projected to generate over ₹12 billion in revenue within five years. Mayank Jain, CEO of KREEVA, indicated that the funding will facilitate further expansion of their initiatives.
The partnership underscores the increasing interest in premium housing developments within the Gurugram market.
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By Proptechbuzz
By Ravi Kumar
