new delhi may 16 financial services firm ask group which had invested rs 147 crore in ats groups housing project in gurgaon today announced exit from its investment for rs 270 crore in less than three years ask property investment advisors askpia the realestate private equity arm of ask group today said that this is the sixth such exit of its investments the group through its real estate investment advisory business manages rs 3800 crore and has committed rs 2200 crore in 21 projects the exit of rs 270 crore is from ask pias second domestic fund ask real estate special opportunities fund in the ats infrastructures gurgaon project ats tangerine ask group said in a statement ask group had invested rs 147 crore with ats group in july 2013 and in less than three years the investment has fetched an irr internal rate of return of 25 per cent and a multiple of 182 this is the second exit from ask real estate special opportunities fund ask raised its second fund in 20112012 which is fully committed in mumbai pune bengaluru and ncr we have invested in six transactions with ats and have exited completely in four our partner ats has demonstrated an impeccable track record of delivery and quality with targeted timelines said amit bhagat md ceo askpia ask group md ceo sunil rohokale said this a yet another milestone achieved by ask by returning almost 48 per cent of the second fund equivalent in just over four years ask funds have demonstrated exit track record of close to rs 1400 crore through its six full and seven part exits clocking returns in the range of 2125 per cent irr our strategy to stay focussed in mid size residential projects and in six metros ie mumbai delhincr pune chennai bengaluru and hyderabad remains constant for future investments as well he added mjh psk dk abi