ASK Group, the financial services firm is planning to step up its equity investment in Indian real estate market to upto Rs 1,500 crore during this year.
The company, during last year had invested a little over Rs 600 crore via three equity deals in real estate projects.
Amit Bhagat, ASK Property Investment Advisors CEO and MD said that “In 2016, we will deploy Rs 1,000-1,500 crore as equity investment in Indian real estate.”
“We focus on equity investment in mid-income housing projects with ticket price of apartments in Rs 50-75 lakh bracket. We expect the market to remain buoyant in this segment,” he said.
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