Blackstone-backed ASK Property Fund has signed a platform arrangement to invest ₹500 crore in Bhumika Group real estate projects across lucrative micro markets in NCR.
As part of this arrangement, ASK Property Fund plans to invest ₹125 crore in a plotted development project located in Faridabad. The project is spread across 20 acres.
Key connectivity upgrades, including the Delhi-Mumbai Expressway link, the proposed FNG Expressway, the Faridabad-Jewar corridor and Noida International Airport, are expected to improve regional access and strengthen buyer interest.
With lower entry pricing than more mature NCR markets, Faridabad offers a compelling proposition for buyers.
Bhavin Jain, Co-Head & CIO, ASK Property Fund said the platform arrangement with Bhumika Group reflects continued focus on creating scalable partnerships in residential real estate.
Plotted developments are seeing strong interest from buyers, particularly in emerging micro-markets where infrastructure growth and affordability can support long-term value creation, he said.
Uddhav Poddar, Chairman and Managing Director, Bhumika Group said more than a capital partnership, it brings together two institutions that share a common philosophy of long-term value creation, disciplined execution and the highest standards of governance.
The infrastructure developments are creating one of the most compelling real estate opportunities in the NCR, he said.
ASK Property Investment Advisors is the alternate asset investment arm of the ASK group, set up to manage and advise real estate-dedicated funds.
The focus is on private equity investments in the self-liquidating residential segment. ASK PIA has raised ₹10,000 crore since 2009.
Published on August 8, 2026
