ASK Property Fund commits ₹300 crore to two Ghaziabad housing projects

ASK Property Fund, the real estate arm of Blackstone-backed ASK Asset & Wealth Management Group, has committed ₹300 crore to two residential projects in Ghaziabad.

 

The fund has committed capital to Ghaziabad-based real estate developer BRV Group’s 4.7-acre development in Vasundhara and NCR-based KW Group’s 1.5-acre development in Indirapuram.

 

ASK Property Fund, in a statement issued on Thursday, said Vasundhara and Indirapuram stand out as established residential catchments within Ghaziabad, combining social infrastructure, proximity to key employment hubs across Ghaziabad, Noida and Delhi, and a strengthening connectivity network.

 

The fund said these factors enhance the appeal of both micro markets for end-users seeking well-connected neighbourhoods and long-term growth potential.

 

Bhavin Jain, co-head and chief investment officer of ASK Property Fund, said: “Ghaziabad is emerging as one of the NCR’s most compelling residential markets, supported by deep end-user demand, attractive ticket sizes and transformative connectivity through Delhi-Meerut Expressway, Namo Bharat Rapid Rail, Metro links, existing airport and planned connectivity to the Jewar Airport. Vasundhara and Indirapuram are well positioned to capture this momentum.”

 

The investments reinforce ASK Property Fund’s strategy of providing growth capital to residential projects in established markets with strong end-user demand, the fund said.

 

ASK Property Fund, whose registered entity is ASK Property Investment Advisors (ASK PIA), is the alternative asset investment arm of the ASK group, set up to manage and advise real estate-focused funds.

 

The fund focuses on private equity investments in the self-liquidating residential segment. ASK PIA has raised ₹10,000 crore since 2009.

 

Its investors include family offices, ultra-high-net-worth individuals, high-net-worth individuals and institutions.

 

Blackstone-backed ASK Asset & Wealth Management Group managed assets of over ₹85,000 crore as of July 31, 2026. 

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