ASK Curated Luxury Assets Fund Raises Rs 500 Crore for Premium Real Estate Projects
ASK Curated Luxury Assets Fund-I (ASK CLAF I) has successfully raised Rs 500 crore to invest in high-end real estate projects, targeting a total of Rs 1,500 crore with a focus on luxury residential and horizontal developments.
Real EstateLuxury ResidentialInvestmentAsk Property FundSothebys International RealtyReal Estate NewsMay 23, 2025
The fund includes a diverse mix of investors, such as industrialists, professionals, high-net-worth individuals (HNIs), and family offices. As the luxury residential market matures, it presents smarter and better-valued investment opportunities. Amit Bhagat, Co-Founder and CEO of ASK Property Fund, emphasized the fund’s potential to unlock value through structured deals and the extensive market reach of Sotheby’s International Realty (SIR). Registered under SEBI’s Alternative Investment Fund (AIF) regulations, the fund is positioned to capitalize on India’s growing demand for luxury real estate, particularly in key urban markets.
With plans to fund three to four projects annually, each unit priced at Rs eight crore and above, ASK CLAF I will leverage ASK’s robust fundraising track record of Rs 8,000 crore and SIR’s international network spanning 83 countries. This strategic alliance aims to deliver superior returns by identifying and investing in premium real estate opportunities that align with the evolving preferences of luxury property buyers.
The success of ASK CLAF I underscores the confidence of investors in the Indian luxury real estate market. The fund’s focus on high-end residential and horizontal developments is expected to drive significant returns and enhance the value of the portfolio. By combining the expertise of ASK Property Fund and the global reach of India Sotheby’s International Realty, the fund is well-positioned to navigate the complexities of the luxury real estate market and deliver attractive investment outcomes.
Frequently Asked Questions
What is ASK Curated Luxury Assets Fund-I (ASK CLAF I)?
ASK Curated Luxury Assets Fund-I (ASK CLAF I) is a Category II Alternative Investment Fund that has raised Rs 500 crore to invest in premium real estate projects in India. It aims to raise a total of Rs 1,500 crore, including a Rs 500 crore green shoe option.
What types of real estate projects does ASK CLAF I target?
ASK CLAF I focuses on early-stage investments in high-end residential and horizontal developments, targeting a minimum 2x return on invested capital. Each unit is priced at Rs eight crore and above.
Who are the investors in ASK CLAF I?
The fund includes a diverse mix of investors such as industrialists, professionals, high-net-worth individuals (HNIs), and family offices.
What is the role of ASK Property Fund and India Sotheby’s International Realty in ASK CLAF I?
ASK Property Fund and India Sotheby’s International Realty are strategic partners in ASK CLAF I. ASK Property Fund brings a robust fundraising track record of Rs 8,000 crore, while India Sotheby’s International Realty provides an extensive international network across 83 countries.
What is the expected return on investment for ASK CLAF I?
ASK CLAF I aims to achieve a minimum 2x return on invested capital by investing in high-end residential and horizontal developments in key urban markets.
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