NEW DELHI: ASK Property Fund has exited its ₹650 crore investment in a Mahagun Group-led residential project in Noida, generating an internal rate of return (IRR) of 21% and a 2.1x multiple, the company said in a statement.
The fund had invested around ₹310 crore in 2021, providing growth and structured capital for the project, which has a saleable area of about 2.4 million sq ft.
Separately, the fund has also completed a full exit from its ₹1,500 crore debt fund raised in 2018, achieving an investment multiple of 1.83x.
