ASK CLAF I Invests ₹63 Crore for Villa Project in Arpora, Goa

ASK Curated Luxury Asset Fund I invests ₹63 crore in Ananda Nilaya villa project in Arpora, Goa, featuring 23 villas with expected revenue of ₹360 crore.
ASK CLAF I Invests ₹63 Crore for Villa Project in Arpora, Goa

New Delhi, May 13: ASK CLAF I is investing ₹63 crore in a new villa project in Goa. The project, named Ananda Nilaya, will feature 23 villas in Arpora. The company anticipates generating ₹360 crore in revenue from this venture.

Project Details

The villa development, Ananda Nilaya, is situated in Arpora and will have 23 villas. Spread across 5.12 acres, it will be designed by the architectural firm Stapati, with landscape design led by Terra Firma.

Revenue Expectations

The company expects to generate ₹360 crore revenue from the project, representing a significant return on the ₹63 crore investment.

Partner Background

Priority Group, the Goa-based development partner, is currently developing five lakh sq ft of residential projects in the state. The partnership leverages Priority Group's local expertise and ASK CLAF I's investment capital.