PE firm ASK invests ₹125 crore more in ATS Group's Noida project.

Real estate-focused private equity firm ASK Group has invested an additional ₹125 crore in ATS Group’s Noida project, taking the total investment to ₹252 crore.

ASK Group’s offshore fund had earlier invested ₹127 crore in this project back in July 2014. The incremental investment is the eighth from ASK’s second Real Estate fund — ASK Real Estate Special Opportunity Fund.

This will be the third project where ASK has partnered with ATS through the Real Estate Private Equity route. The project, Le-Grandiose, is located in Sector 150, Noida, across 20 acres and has a total saleable area of 1.7 million square feet. The project focuses on mid-income households and will be completed in 2018.

HBL