ASK Property Fund investment activity has expanded into Navi Mumbai with a ₹210 crore commitment to two residential developments, marking the fund’s first entry into the fast-growing region. The investment, announced on January 19, 2026, is being made through a partnership with the Mumbai-based Gami Group, reflecting growing investor confidence in Navi Mumbai’s residential market.
The funding will support projects in CBD Belapur and Ghansoli, two locations that have seen rising demand driven by infrastructure upgrades and commercial growth. The CBD Belapur development spans approximately two acres near Parsik Hill and will feature a mix of two- and three-bedroom apartments designed for end users seeking connectivity and urban amenities.
The second project in Ghansoli is strategically located near the local railway station and along Thane Belapur Road. The area has developed rapidly in recent years due to its proximity to major industrial zones and IT parks, making it an attractive residential hub for professionals working across Navi Mumbai and neighbouring regions.
Bhavin Jain, chief investment officer of ASK Property Fund, said the decision to invest was influenced by major infrastructure improvements reshaping Navi Mumbai’s real estate outlook. He pointed to the upcoming Navi Mumbai International Airport and the Atal Setu sea bridge connecting Navi Mumbai to Mumbai as key growth drivers.
Jain also highlighted land allocation initiatives by City and Industrial Development Corporation (CIDCO), noting that planned residential and commercial development is strengthening long-term market fundamentals and improving liveability across the city.
Ambalal Gami, founder of Gami Group, described the transaction as the beginning of a long-term collaboration with ASK Property Fund. He said the partnership aligns with Gami Group’s focus on delivering well-located residential projects backed by strong execution capabilities. Over the past 25 years, the developer has completed more than 30 projects and delivered homes to over 3,800 families.
ASK Property Fund is part of the ASK Asset & Wealth Management Group, which is backed by Blackstone. The property fund focuses on private equity investments in residential real estate and has raised more than ₹8,700 crore since its launch in 2009.
The broader ASK Group manages assets exceeding ₹82,000 crore as of December 31, 2025, spanning equity, debt, real estate and alternative investments. Market observers say the Navi Mumbai investment underscores rising institutional interest in peripheral Mumbai markets, where infrastructure-led growth is opening up new residential opportunities.
