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LegaLogic acts on $39.9m ASK investment in Paranjape property developer

Real estate focussed private equity fund ASK Property Investment Advisors (ASK PIA) has infused Rs 350 crore into two Pune-based developers, Paranjape Schemes and Naiknavare Group, who would use the fund for budget and affordable housing in different parts of the city... “ASK PIA has committed Rs 350 crore with Pune-based developers Paranjape Group and Naiknavare Group with investment of Rs 275 crore and Rs 75 crore, respectively,” the company said.
The Times of India

LegaLogic Consulting advised Paranjape Schemes Construction Limited (“PSCL”) and Paranjape Realty Spaces Private Limited (“PRSPL”) led by a team of partner Vikas Agarwal, partner Vivek Sadhale, senior legal advisor Nikita Navindgikar, legal advisor Yuga Kekare.


Deal value: INR 275 Crore collectively in PSCL and PRSPL

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

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