ASK Property Fund and Sotheby's Launch Rs 1,000 Crore Luxury Real Estate Investment Platform
ASK Property Fund and Sotheby's International Realty have launched a Rs 1,000-crore fund focused on luxury residential real estate. This collaboration marks India's first luxury real estate investment platform, aiming for superior risk-adjusted returns on high-end residential projects. The fund looks to attract diverse institutional and individual investors.

- Country:
- India
ASK Property Fund and India Sotheby's International Realty have unveiled a Rs 1,000-crore equity fund aimed at luxury residential projects across India. This initiative marks a milestone as the country's first luxury real estate investment platform, dubbed ASK Curated Luxury Assets Fund.
The collaboration between ASK Property Fund, backed by Blackstone's ASK Asset & Wealth Management Group, and luxury real estate brand Sotheby's, is expected to leverage the strong economic fundamentals of India. It seeks to attract diverse investors, including family offices, high-net-worth individuals, banks, and financial institutions.
As co-sponsors, ASK Property and Sotheby's aim to capitalize on the luxury market's growth. The fund, registered as a Category II Alternative Investment Fund under SEBI regulations, targets superior risk-adjusted returns by investing in prime urban and sought-after second-home locations.
(With inputs from agencies.)