Archive · 12 Jan 2026
ASK Property Fund Invests ₹340 Crore in Mantra Group Projects
ASK Property Fund, which is part of a bigger company called ASK Asset & Wealth Management Group, has given ₹340 crore to Mantra Group.
This money will help Mantra Group buy two projects through a special legal process and finish building a new home development.
Some of the money will pay back people who lent money to Mantra Group, and the rest will help with everyday expenses.
The projects are in Mumbai and Pune, near places where many people work.
The Mumbai project will affect many families who live or used to live there.
ASK Property Fund is confident in Mantra Group's ability to complete these projects successfully.
ASK Property Fund invested ₹340 crore in three residential projects by Mantra Group in Mumbai and Pune.
The investment supports project acquisitions and ongoing development, with funds allocated to settle creditor dues and working capital.
Projects are located in Jogeshwari (Mumbai), Wakad, and Mundhwa (Pune), spanning 9, 5, and 8 acres respectively.
The Mumbai project impacts 576 current residents and 350 families from a previous development.
ASK Property Fund, backed by Blackstone, focuses on residential investments and has raised over ₹8,700 crore since 2009.
- Who
- ASK Property Fund and Mantra Group
- What
- Investment of ₹340 crore in residential projects
- When
- Announced on January 12, 2026
- Where
- Mumbai (Jogeshwari) and Pune (Wakad, Mundhwa)
- Why
- To support project acquisitions and development, settle financial creditors' dues, and address working capital needs
- Investment Amount
- ₹340 crore
- Projects
- Three residential projects in Mumbai and Pune
- Locations
- Jogeshwari (Mumbai), Wakad and Mundhwa (Pune)
- Land Area
- 9 acres (Jogeshwari), 5 acres (Wakad), 8 acres (Mundhwa)
- Impacted Families
- 576 (Jogeshwari) + 350 (previous development)
- Investor
- ASK Property Fund (Blackstone-backed)
- Developer
- Mantra Group
- ASK Property Fund's Total Raised
- Over ₹8,700 crore since 2009