Chennai:
ASK Property Investment Advisors, the real estate private equity arm of ASK Group and Emerald Haven Realty Limited (TVS Emerald), the real estate arm of TVS Motor Company have partnered to set up Rs 400 Crore real estate investment platform.
The capital raised will be invested in multiple affordable mid-segment projects. Through this platform the partnership has also announced its first investment in the growth corridor of Porur in Chennai. The project is going to get developed on a 10 acre land parcel having 5,48,000 sq ft of saleable area with the equity investment of Rs. 83 Cr. The area is strategically located with proximity to job markets and well connected to other parts of the city.
The partnership is announced at a crucial time that signifies the opportunities and growth potential in the affordable and mid- segment real estate market.
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