ASK Property Fund to raise ₹3,500 cr amid surge in demand for private credit

▤ Summary

ASK Property Fund is launching its largest real estate debt vehicle and targeting a corpus of ₹3,500 crore. The fund will raise capital from domestic and offshore investors and deploy it across mid-segment housing projects in major Indian cities. It will provide both solution capital and growth capital, including lender replacement, project completion funding, and acquisition financing for stalled or approved projects. The broader market backdrop shows rising private credit demand even as residential sales soften. The article also notes that ASK and peers are seeing strong deal flow in real estate private credit.

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