ASK Property Fund, Shapoorji Pallonji Real Estate Invest Gurugram Luxury Project

New Delhi, December 9, 2024: ASK Property Fund, KREEVA, the real estate arm of the Kanodia Group and Shapoorji Pallonji Real Estate have announced a joint initial investment of INR 270+ crores in a luxury housing project in Gurugram.

Located in Sector 46, Gurugram, and spread across 1.74 acres, the luxury housing project is set to redefine the urban living experience in NCR’s real estate landscape. The project shall generate top-line revenues exceeding INR1,200+ crore over the next five years.

Sector 46, Gurugram is an established residential real estate market. It also benefits due to its proximity to established job corridors and developed social infrastructure.

Mr. Bhavin Jain, CIO of ASK Property Fund, said, “We are excited to announce another investment in Gurgaon. We recognise the project’s exceptional revenue potential due to its prime location within an established catchment area.”