By AI-Powered PMC Akbar Jiwani, Special Correspondent – Real Estate, Realnewsofindia.com
ASK Property Fund, the real estate investment arm of the Blackstone-backed ASK Asset & Wealth Management Group, has committed ₹300 crore to two residential housing projects in Ghaziabad, in a fresh signal that investor confidence in the National Capital Region’s mid-market housing corridor continues to strengthen even as the wider Indian residential sector heads into a premiumisation-led growth cycle.
The investment is split between two established Ghaziabad micro-markets. Around 4.7 acres of the funding will go towards BRV Group’s residential project in Vasundhara, while a further parcel of 1.5 acres backs KW Group’s development in Indirapuram — both long-established, end-user-driven residential belts within the Ghaziabad-NCR corridor.
Explaining the rationale behind the deal, Bhavin Jain, Co-Head and Chief Investment Officer at ASK Property Fund, said Ghaziabad is “emerging as one of the NCR’s most compelling residential markets, supported by deep end-user demand, attractive ticket sizes and transformative connectivity through the Delhi-Meerut Expressway, Namo Bharat Rapid Rail, Metro links, the existing airport and planned connectivity to the Jewar Airport.”
Industry watchers note that Vasundhara and Indirapuram already benefit from mature social infrastructure — schools, hospitals and retail — and sit within commuting distance of employment hubs spread across Ghaziabad, Noida and Delhi. The rapid build-out of regional rail and expressway links is widely seen as the key catalyst re-rating these older NCR neighbourhoods in the eyes of institutional capital, which has traditionally favoured Gurugram and Noida.
The transaction adds to what has been a steady run of capital deployment for ASK Property Fund, which has raised roughly ₹10,000 crore since its inception in 2009 and today manages assets exceeding ₹85,000 crore, as of July 31, 2026.
Part of a broader growth story
The Ghaziabad commitment lands against the backdrop of an upbeat sector-wide outlook. Ratings agency ICRA has projected that premiumisation will drive 8-11% growth in the value of home sales across India in FY27, even as the area sold grows at a slower pace of 2-5% — underscoring a market where buyers are trading up rather than simply buying more space. Private equity and institutional investors have been following that demand upstream into Tier-2 NCR micro-markets such as Ghaziabad, betting that improved connectivity and affordability relative to Gurugram and Noida will sustain end-user absorption through FY27 and beyond.
Taken together with recent momentum in Uttar Pradesh’s real estate investment pipeline and record stamp-duty collections in markets such as Mumbai, the Ghaziabad deal reinforces a broader narrative: India’s residential real estate sector is entering FY27 on a foundation of stronger institutional capital flows, improving infrastructure connectivity, and a shift toward premium, well-located housing stock.
