Mumbai-based real estate developer Kalpataru filed a draft red herring prospectus (DRHP) with SEBI to raise Rs 1,590 crore through an IPO. All revenues (minus IPO expenditures) will benefit the firm because the IPO is a fresh equity share issuance with no offer-for-sale component.

ASK Property Fund, the real estate private equity division of the Blackstone-backed ASK Asset & Wealth Management Group, has committed ₹190 crore to Kalpataru’s upper mid-income housing project in Borivali, a prominent Mumbai suburb.

In a significant stride towards transforming Thane into a sustainable urban oasis, Chief Minister Eknath Shinde unveiled the NaMo Grand Central Park, a 25-acre haven of greenery and innovation.

ASK Property Investment Advisors (ASK PIA) has invested in an upcoming real estate project in Pune in Baner locality spread on a 16 acre land parcel. This project is being developed by Kalpataru and will comprise of 1,200 residential units with a saleable area of approximately 1.9 million sq ft.