Real estate firm ATS raises Rs. 127 cr for its project in Noida.

Private equity firm Ask Group has invested Rs. 127 crore in real estate firm ATS group's housing project in Noida.

This investment is the company's first from the offshore fund managed by Singapore-based arm ASK Capital Management, ASK group said in a statement.

This is ASK group's third investment in ATS's. Earlier, ATS had raised Rs. 50 crore for another project in Noida and Rs. 140 crore for a housing project in Gurgaon.

ASK group CEO and MD Sunil Rohokale said, 'We are strengthening our partnership with ATS Group with third investment and are confident of deriving great value for our investors. This investment also fits perfectly in our strategy to invest in top five cities and in a mid-segment residential housing project.'

BS