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

07 Jan 2025 CW Team

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.

Infrastructure Transport

13 Oct 2025

Tata, Airbus to Build India’s First Private Helicopter Line

In a landmark development for India’s aerospace sector, Tata Advanced Systems Limited (TASL) and Airbus will establish the country’s first private-sector helicopter assembly line in Vemagal, Karnataka. The facility will manufacture the Airbus H125 and H125M, marking a significant milestone in India’s push for self-reliance in aviation and defence manufacturing. The new Final Assembly Line (FAL) will produce the H125, the world’s best-selling single-engine helicopter, known for its versatility and performance in extreme environments. The first ‘Made in India’ H125 is expected to ro..

NeGD to Support Bharat Taxi in Building Cooperative Ride Platform

In a significant move for India’s digital and mobility transformation, the National e-Governance Division (NeGD) of the Digital India Corporation, under the Ministry of Electronics and Information Technology (MeitY), has entered into an advisory partnership with Sahakar Taxi Cooperative Limited, the company behind Bharat Taxi — a first-of-its-kind, cooperative-led national ride-hailing platform. A Memorandum of Understanding (MoU) has been signed between NeGD and Sahakar Taxi to provide strategic advisory and technical support covering key areas such as platform integration, cybersecurity..

MeitY Hosts Pre-Summit for India–AI Impact Summit 2026

The Ministry of Electronics and Information Technology (MeitY), Government of India, hosted a series of Pre-Summit events for the upcoming India–AI Impact Summit 2026 at the India Mobile Congress (IMC) 2025 in New Delhi. These sessions mark a key milestone ahead of the main summit, scheduled for 19–20 February 2026 at Bharat Mandapam, New Delhi. Delivering the inaugural address, S. Krishnan, Secretary, MeitY, highlighted India’s innovative and frugal approach to AI development. “We have adopted innovative means by learning from others’ experiences to build projects and products that..