ASK Property Fund, India Sotheby’s International Realty Launch Real Estate Investment Fund
Real Estate

ASK Property Fund, India Sotheby’s International Realty Launch Real Estate Investment Fund

ASK Property Fund, part of the Blackstone-backed ASK Asset & Wealth Management Group, has partnered with India Sotheby’s International Realty (ISIR) to launch the ASK Curated Luxury Assets Fund, India’s first luxury-focused real estate investment platform.

This fund, registered with the Securities and Exchange Board of India (SEBI) as a Category II Alternative Investment Fund, will focus on high-end residential projects in Tier 1 cities and premium second-home markets, including holiday and religious destinations. The total fund size is Rs 10 billion (bn), with an additional greenshoe option of Rs 5 bn.

“We believe that India’s growing affluent population will continue to drive demand in the luxury residential real estate market,” said Amit Bhagat, Co-founder and CEO of ASK Property Fund. “This collaboration with India SIR enables us to leverage their brand and expertise to offer a unique investment opportunity.”

Amit Goyal, Managing Director of India SIR, expressed confidence in the collaboration’s potential. “ASK Property Fund brings an exceptional track record and expertise, which will create significant value in the luxury real estate segment.”

The fund will raise capital from institutional investors, including family offices, high-net-worth individuals, banks, and sovereign funds. Both ASK Property Fund and India Sotheby’s International Realty will equally contribute capital to the venture.  

ASK Property Fund, part of the Blackstone-backed ASK Asset & Wealth Management Group, has partnered with India Sotheby’s International Realty (ISIR) to launch the ASK Curated Luxury Assets Fund, India’s first luxury-focused real estate investment platform.This fund, registered with the Securities and Exchange Board of India (SEBI) as a Category II Alternative Investment Fund, will focus on high-end residential projects in Tier 1 cities and premium second-home markets, including holiday and religious destinations. The total fund size is Rs 10 billion (bn), with an additional greenshoe option of Rs 5 bn.“We believe that India’s growing affluent population will continue to drive demand in the luxury residential real estate market,” said Amit Bhagat, Co-founder and CEO of ASK Property Fund. “This collaboration with India SIR enables us to leverage their brand and expertise to offer a unique investment opportunity.”Amit Goyal, Managing Director of India SIR, expressed confidence in the collaboration’s potential. “ASK Property Fund brings an exceptional track record and expertise, which will create significant value in the luxury real estate segment.”The fund will raise capital from institutional investors, including family offices, high-net-worth individuals, banks, and sovereign funds. Both ASK Property Fund and India Sotheby’s International Realty will equally contribute capital to the venture.  

Next Story
Infrastructure Transport

Mumbai-Ahmedabad Bullet Train Set to Launch by 2028

India’s first bullet train is set to revolutionize high-speed travel along the western corridor, with the Mumbai-Ahmedabad high-speed rail project aiming for a 2028 launch. This announcement marks a major milestone in India’s infrastructure goals, as it promises to reduce travel time between the two economic hubs from eight hours to just three.Spanning a planned 508-kilometre stretch, the corridor stands as a flagship example of Indo-Japanese collaboration in technology and engineering. Once operational, the train is expected to transform intercity mobility and place India among the select..

Next Story
Infrastructure Transport

Mumbai-Gandhinagar Train Service Enhances Passenger Capacity

The Mumbai Central–Gandhinagar Capital Vande Bharat Express has increased its passenger capacity by adding four additional AC chair car coaches to meet the growing commuter demand on one of India’s busiest business corridors. This upgrade, effective from 11 May, raised the train’s seating capacity from 1,128 to 1,440 passengers, allowing it to serve 936 more passengers daily in both directions. The increase was described as a practical measure to accommodate the surging demand on the busy Mumbai–Ahmedabad–Gandhinagar route, which regularly operates at over 150 percent seat occupancy...

Next Story
Infrastructure Urban

Delhi Plans 12 Sewage Plants to Clean Najafgarh Drain Efficiently

Delhi’s ambitious plan to improve the water quality of the Yamuna River has gained significant momentum as the Delhi Jal Board (DJB) has begun work on 12 new sewage treatment plants (STPs) aimed at reducing the volume of untreated sewage being discharged from the Najafgarh Drain.This initiative forms part of the ongoing efforts to clean the Yamuna and restore the river’s health, which has long been a critical environmental issue for the national capital. Given the alarming pollution levels in the Yamuna, experts and officials consider this project a vital step toward addressing the persist..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?