ASK Property Fund Invests Rs. 245 Cr. in Satya’s Upcoming 500-Unit Gurgaon Project

ASK Property Fund has made a strategic investment of Rs 245 crore in a new housing project by Satya Group along the Dwarka Expressway in Gurugram. The project will cover 4.6 acres and include approximately 500 residential units, as stated in a release on Wednesday. The total saleable area of the development is about 12 lakh square feet, with the potential to generate revenue of Rs 1,600 crore over the next five years.

Mr. Bhavin Jain, the Chief Investment Officer of ASK Property Fund, emphasized that the investment strengthens their position in the Gurugram market, particularly in the rapidly developing Dwarka Expressway area. The project will target buyers in the mid-to upper-mid-income brackets and will be used for land acquisition and funding the project’s working capital.

Mr. Manish Agarwal, Founder of Satya Group, expressed that the project presents an excellent opportunity for both end-users and investors in one of the most exciting real estate markets in Gurgaon. Satya Group, with over 40 years of experience, has developed more than 100 lakh square feet of commercial and residential space across Delhi NCR, Bangalore, Punjab, and Madhya Pradesh.