ASK CLAF-I, Amavi by Clarks Form Rs 5 Bn Luxury Homes Platform

26 Nov 2025 CW Team

The platform aims to create rare, design-rich residential assets that blend premium hospitality with long-term value creation. It brings together ASK Property Fund’s investment expertise, India Sotheby’s International Realty’s deep insight into luxury buyers and the operational strengths of the Clarks Group and Brij Hotels. Amavi by Clarks enters the branded second-home segment with the backing of an eight-decade hospitality legacy, further strengthened by its association with IHCL (Taj Group).

Amit Bhagat, Co-Founder, CEO and MD, ASK Property Fund, said that demand for luxury second homes among Ultra High Net Worth Individuals continues to rise, strengthening the investment potential of such developments. Amit Goyal, MD, India Sotheby’s International Realty, noted that the collaboration sets a new benchmark for branded villa communities in rare, desirable locations. Leaders from Amavi by Clarks, including Apurv Kumar, Sachin Agrawal and Bajrang Bararia, emphasised the platform’s focus on governance, data-driven evaluation, curated developments and hospitality-led living.

CLAF-I, registered as a Category II AIF with SEBI, plans to begin fund deployment immediately. The total fundraise target stands at Rs 15 billion, including a Rs 5 billion green shoe option. The fund will invest exclusively in high-end residential projects, holiday homes and second-home destinations, including religious and spiritual hubs.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

ASK Curated Luxury Assets Fund-I (CLAF-I), formed by ASK Property Fund and India Sotheby’s International Realty, has recently set up a Rs 5 billion equity platform with Amavi by Clarks to develop hospitality-backed luxury second homes across prime leisure destinations. The first projects have been shortlisted in drivable, high-value locations in the Mumbai Metropolitan Region, Pune and the National Capital Region.The platform aims to create rare, design-rich residential assets that blend premium hospitality with long-term value creation. It brings together ASK Property Fund’s investment expertise, India Sotheby’s International Realty’s deep insight into luxury buyers and the operational strengths of the Clarks Group and Brij Hotels. Amavi by Clarks enters the branded second-home segment with the backing of an eight-decade hospitality legacy, further strengthened by its association with IHCL (Taj Group).Amit Bhagat, Co-Founder, CEO and MD, ASK Property Fund, said that demand for luxury second homes among Ultra High Net Worth Individuals continues to rise, strengthening the investment potential of such developments. Amit Goyal, MD, India Sotheby’s International Realty, noted that the collaboration sets a new benchmark for branded villa communities in rare, desirable locations. Leaders from Amavi by Clarks, including Apurv Kumar, Sachin Agrawal and Bajrang Bararia, emphasised the platform’s focus on governance, data-driven evaluation, curated developments and hospitality-led living.CLAF-I, registered as a Category II AIF with SEBI, plans to begin fund deployment immediately. The total fundraise target stands at Rs 15 billion, including a Rs 5 billion green shoe option. The fund will invest exclusively in high-end residential projects, holiday homes and second-home destinations, including religious and spiritual hubs.

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Infrastructure Transport

06 Jul 2026

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Infrastructure Transport

06 Jul 2026

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..