{
  "id": 5268168,
  "title": "Ghaziabad gets Rs 300 cr property vote of confidence",
  "url": "https://urgent.news/2026/09/03/ghaziabad-gets-rs-300-cr-property-vote-of-confidence",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-03T06:19:03.000Z",
  "source": {
    "name": "The Economic Times",
    "slug": "the-economic-times",
    "url": "https://economictimes.indiatimes.com/industry/services/property-/-cstruction/blackstone-backed-ask-property-fund-commits-rs-300-crore-to-ghaziabad-housing-projects/articleshow/133727430.cms"
  },
  "original_language": "en",
  "account": "ASK Property Fund, a real estate division of the Blackstone-backed ASK Asset & Wealth Management Group, has made a significant investment of Rs 300 crore into two residential projects in Ghaziabad. The fund has committed to BRV Group's 4.7-acre development in Vasundhara and KW Group's 1.5-acre development in Indirapuram.\n\nBhavin Jain, Co-Head and CIO of ASK Property Fund, stated that Ghaziabad is becoming one of the most promising residential markets within the NCR region. Factors contributing to this growth include strong end-user demand, attractive ticket sizes, and improved connectivity through the Delhi-Meerut Expressway, Namo Bharat Rapid Rail, Metro links, as well as the city's existing airport and planned connectivity to the Jewar Airport.\n\nJain further explained that these investments blend the local market expertise and execution capabilities of established regional developers with patient and disciplined capital. The primary goal of these investments is to ensure timely project delivery and generate sustainable risk-adjusted returns for investors.\n\nGhaziabad's residential catchments of Vasundhara and Indirapuram are particularly noteworthy. These areas boast well-established social infrastructure, proximity to key employment hubs across Ghaziabad, Noida, and Delhi, and a rapidly strengthening connectivity network. The fully operational Delhi-Ghaziabad-Meerut Namo Bharat Corridor (Regional Rapid Transit System), Delhi-Meerut Expressway, Hindon Elevated Road, and existing Metro links have all contributed to enhanced regional mobility and improved access across the NCR.\n\nPrior to this investment, ASK Property Fund signed a Rs 500 crore platform deal with realty developer Bhumika Group to invest in residential plotted colonies across key micro-markets in the NCR. The fund has also committed Rs 125 crore to a 20-acre plotted development project in Faridabad. ASK Property Fund, established in 2009, manages and advises real estate-focused funds, primarily investing in the self-liquidating residential segment. Since inception, the fund has raised Rs 10,000 crore (US$1.34 billion) from a diverse group of investors, including family offices, ultra-high-net-worth individuals, high-net-worth individuals, and institutions.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}