ASK Property Fund Exits Mahagun Project, Earns 21% IRR
ASK Property Fund completes successful exit from Mahagun’s Noida residential project, delivering strong returns, while also closing its 2018 debt fund with consistent performance and healthy investment multiples.
- ₹650 crore investment exit delivers 21% IRR and 2.1x returns
- ₹310 crore invested in 2021 for project growth and development
- ₹1,500 crore debt fund fully exited with 1.83x multiple
Noida: ASK Property Fund has successfully exited its investment in a residential project developed by the Mahagun Group in Noida, marking a strong return performance in India’s real estate investment space.
The fund reported an internal rate of return (IRR) of 21% along with a 2.1x investment multiple on its total exposure of ₹650 crore. The investment played a key role in supporting the project’s development and scaling its execution.
According to the company, ASK had initially invested around ₹310 crore in 2021, providing structured and growth capital for the residential development. The project spans a saleable area of approximately 2.4 million square feet, reflecting the scale and demand in Noida’s housing market.
This exit highlights increasing investor confidence in Noida’s residential real estate, which continues to attract institutional funding due to improved infrastructure, strong demand, and better project execution by developers.
In a separate development, ASK Property Fund also announced the complete exit of its 2018-vintage debt fund, which had raised around ₹1,500 crore. The fund delivered an overall 1.83x investment multiple, indicating steady performance across its portfolio.
Industry experts believe such exits demonstrate the maturity of India’s real estate investment ecosystem, where structured funding, timely execution, and market demand are helping investors achieve strong returns.
Successful exits like this signal that real estate funds can generate consistent and high returns, especially in high-growth markets like Noida. It also reinforces the importance of choosing the right developer and project stage for investment.
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