ASK PROPERTY FUND, KREEVA, AND SPRE COME TOGETHER For a residential project

ASK Property Fund, Kreeva (the real estate arm of Kanodia Group) and Shapoorji Pallonji Real Estate have announced joint development of a residential project in Sector 46, Gurugram, with a joint initial investment of Rs 270+ cr. Spread across 1.74 acres, the project shall generate top-line revenues exceeding Rs 1,200+ crore over the next five years.

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Bhavin Jain, CIO of ASK Property Fund, said, “We recognise the project’s exceptional revenue potential due to its prime location within an established catchment area. With significant equity from Kreeva and partnership with Shapoorji Pallonji Real Estate, this project effectively minimises risk, making it a compelling investment opportunity for us.”