ASK Property Fund, the real estate private equity arm of Blackstone-backed ASK asset & wealth management group and India Sotheby’s International Realty will raise Rs 1,000 crore equity with an additional greenshoe option of Rs 500 crore for India’s first luxury real estate investment platform – ASK curated luxury assets fund.
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The fund registered with the Securities and Exchange Board of India as a Category II Alternative Investment Fund under the SEBI (Alternative Investment Funds) Regulations, 2012.
The fund will focus on investing in high-end and luxury real estate developments in Tier 1 cities and premium holiday home destinations.
«ASK Property Fund comes with an outstanding track record and profound investment insights from managing some of the top-performing real estate funds in the country,” said Amit Goyal, Managing Director, India SIR.
The purpose of this fund is to invest in residential projects in India in the luxury segment.
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