Indian real estate developer ASF Group is seeking to invest 2,500 crore rupees ($344.6 million) in the next 3 to 5 years in commercial projects.
ASF Group is coming up with a mixed-use commercial project of 2 million square feet and a boutique commercial project of about 400,000 square feet along the Golf Course Extension Road, Gurugram. It expects to complete the mixed-use project in the next 3 to 4 years.
The company also plans to develop an arbitration centre of about 25,000 square feet in Delhi in the coming months.
ASF Group is banking heavily on project management and services segment. In the next 3 to 5 years, this segment will form 25 to 33 percent of the company’s total revenue.