Trevoc Group and ASK Property Fund will invest INR 200 crore in a new luxuy residential project in Gurugram

TREVOC, a Gurgaon-based real estate developer, has received the funding for their premium building on Golf Course Road. The promoters have over two decades of expertise in the NCR sector and have successfully developed over 15 million square feet of real estate.

Investment Details

The business continues to invest in high-potential micromarkets in India's top six cities . ASK Property Fund is investing Rs. 120 crores for purchase and project working capital.

Project Overview

The project spans 2 acres and has a saleable area of over 5 lakh square feet . It includes over 175 residential units . The project's strategic position on Golf Course Road in Gurgaon provides purchasers with a competitive advantage by being close to employment corridors and a great road network. It also provides convenience and connection.

Market Insights

According to ASK Property Fund Research, the catchment's reputation as a luxury real estate residential destination, along with rising high-end demand and a short inventory overhang (less than 10 months), is a compelling factor for prospective purchasers. Gurgaon's business boom has fueled residential development and is expected to continue to drive demand.

Investment Potential

The private equity firm's investment highlights the potential for premium real estate in Gurgaon. The project offers a promising investment opportunity for ASK Property Fund, with an estimated income of Rs 800 crore over the next five years.

Statements from Stakeholders

Bhavin Jain, CIO, ASK Property Fund, said, "We are delighted to collaborate with TREVOC Group. The project's ideal location, high demand for premium residential items in the micro market, and strong margin of safety coincide with our investment approach. We are convinced that this project will provide tremendous value for our investors."

"The project's unique offerings, limited supply in the catchment area, and the promoter's proven track record make it an exceptional investment opportunity." We look forward to further investment possibilities with TREVOC Group," he said.

TREVOC Group's Managing Director, Gurpal Singh Chawla, said, "We are strengthening our relationship with ASK Property Fund, one of the best financial partners in India, through this transaction." We are excited to grow this cooperation further.

"This project is a rare opportunity to create something truly spectacular with one of the city's most prime sites and fantastic financial partners, thanks to the HSVP auction." "This landmark project on Golf Course Road will be home to a select few," he said.

TREVOC Group and ASK Group

TREVOC Group

• TREVOC Group is a leading luxury real estate company in NCR, noted for its dedication to quality, innovation, and client satisfaction.
• TREVOC is led by the Chawla family, who have shaped the business environment across three generations since the 1940s.
• They played a significant role in bringing Quartz technology to India, making "Prestige" a notable achievement in electronics.
• They helped transform Sohna Road, Gurgaon, into a booming growth corridor by providing over 15 million sq. ft. in the micro market.

ASK Group