What Makes ASK Property Fund Latest Investment in Gurgaon Luxury Real Estate a Game-Changer?

Trevoc Group's Philosophy: Beyond Building

At the heart of Trevoc Group's operations lies a deep-rooted philosophy that transcends mere construction. The group is committed to sustainable development, intertwining energy efficiency, innovative technologies, and eco-friendly designs into the fabric of its projects. Trevoc's vision extends to fostering communities through educational initiatives, charitable endeavors, and a strong sense of social responsibility. It's not just about creating spaces; it's about crafting legacies that benefit future generations.

Unveiling a New Era in Luxury Living

ASK Property Fund, the prestigious real estate private equity arm of the Blackstone-backed ASK Asset & Wealth Management Group, is charting new territories with a significant investment of Rs. 120 crore in Trevoc's opulent residential endeavor in Gurgaon. This strategic infusion of funds into Trevoc's project, which itself is contributing Rs. 80 crore, is set to redefine luxury living in one of India's most coveted locales. The investment will be sourced from the high yield debt fund, ASK Real Estate Special Opportunities Fund IV, earmarked for project acquisition and operational capital, heralding a new chapter in high-end residential projects.

Strategic Investment Locations

ASK Property Fund has meticulously curated a portfolio of investments, with a keen eye on India's real estate jewels. The fund's investment strategy spans across the nation's top cities, including the largest share in Delhi-NCR's residential and commercial spaces, and notable investments in Pune, Bengaluru, Chennai, and Mumbai. This diversified yet focused approach underlines the fund's commitment to harnessing the potential of India's real estate market.

The Project: A Beacon of Luxury

Nestled on the prestigious Golf Course Road in Gurgaon, Trevoc's latest project is set to become the epitome of luxury living. Spread across 2 acres and boasting a saleable area of approximately 5 lakh square feet, the project promises over 175 residential units designed for the discerning. Its strategic location offers unmatched convenience and connectivity, making it a coveted address for those seeking luxury in proximity to job corridors and an excellent road network.

The Market: A Lucrative Opportunity

The luxury real estate market in Gurgaon, renowned for its opulence and high demand, presents a fertile ground for investment. With a low inventory overhang and a booming commercial segment acting as a catalyst for residential growth, the project is poised for success. Anticipated to generate around Rs 800 crore in revenue over the next five years, this venture stands as a testament to the potential of Gurgaon's luxury real estate market.

Leadership Perspectives

Bhavin Jain, the CIO of ASK Property Fund, has expressed confidence in the project's location and the robust demand for luxury residences in the area, which aligns with the fund's investment strategy and promises significant returns. Meanwhile, Gurpal Singh Chawla, MD of Trevoc Group, acknowledges the strength of their partnership with ASK Property Fund, emphasizing the unique opportunity to develop a landmark project that will cater to an exclusive clientele.