ASK Property Fund and ISIR Raise ₹500 Crore for Luxury Housing Investments
ASK Property Fund and India Sotheby’s International Realty (ISIR) have successfully raised ₹500 crore to invest in luxury housing projects across major cities. The fund, ASK Curated Luxury Assets Fund-I, aims to capitalize on the growing luxury real estate market.
Real EstateLuxury HousingAsk Property FundIsirInvestment FundReal EstateMay 22, 2025
The fund is specifically designed to invest in early-stage luxury residential projects, targeting premium developments in major cities. It also plans to explore horizontal developments, such as second homes and holiday properties. As an equity-focused vehicle, the fund aims to achieve a minimum return of 2x on invested capital by capturing the project’s profit margin.
ASK CLAF I is registered with the Securities and Exchange Board of India (SEBI) as a Category II Alternative Investment Fund under the SEBI AIF Regulations. The fund’s success is a testament to the strategic collaboration between ASK Property Fund and ISIR, leveraging ISIR’s extensive network and experience in the luxury real estate market.
Amit Bhagat, Co-founder, CEO, and MD at ASK Property Fund, highlighted the unique proposition of this collaboration: “This fund benefits significantly from ISIR’s capability to monetize projects through its extensive network, experience, and access to premium land parcels. We believe the fund can secure exclusive deals for our select developer partners via curated opportunities and maximize returns through well-structured investments.”
ASK Property Fund, the real estate arm of the Blackstone-backed ASK Asset and Wealth Management Group, serves as the investment manager and sponsor of the AIF. ISIR, a leading luxury real estate advisor, acts as the co-sponsor. The fund plans to immediately start deploying the raised funds and aims to raise a total of ₹1,500 crore, including a ₹500 crore green shoe option, towards its final close.
The luxury real estate market in India is expected to see substantial growth, and this fund is well-positioned to capitalize on this trend. By focusing on early-stage developments at attractive entry valuations, ASK CLAF I aims to deliver significant returns to its investors while contributing to the development of high-quality luxury housing projects across the country.
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 real estate investment fund launched by ASK Property Fund and India Sotheby’s International Realty (ISIR) to invest in luxury housing projects across major cities in India.
How much has ASK CLAF I raised so far?
ASK CLAF I has raised ₹500 crore within three months of its launch, with strong interest from Indian family offices and Ultra-High-Net-Worth Individuals (UHNIs).
What type of projects will ASK CLAF I invest in?
ASK CLAF I will invest in early-stage luxury residential projects, premium developments in major cities, and horizontal developments such as second homes and holiday properties.
What is the target return for ASK CLAF I?
The fund aims to achieve a minimum return of 2x on invested capital by capturing the project’s profit margin.
Who are the sponsors and advisors of ASK CLAF I?
ASK Property Fund is the investment manager and sponsor, while India Sotheby’s International Realty (ISIR) is the co-sponsor and real estate advisor.
Related News Articles
Macrotech Developers Expands its Footprint in Mumbai and Pune with Land Acquisitions
Macrotech Developers, the company behind the Lodha brand, has acquired three land parcels in Mumbai and Pune to develop new projects, aiming for Rs 11,000 crore in revenue.
Meticulous Planning: Mumbai Police Uncover Details of Baba Siddique's Murder
The Mumbai Police have uncovered that the assailants meticulously planned the murder of NCP leader Baba Siddique by conducting a two-month surveillance of his residence in Bandra. Here’s how they orchestrated the attack.
Certus Capital Invests INR 150 Crore in Mid-Market Housing Projects in MMR
Certus Capital invests INR 150 crore in two MMR housing projects, targeting INR 750 crore in revenue and expanding its national real estate portfolio.
Why Investors Should Consider Entering the Real Estate Market: Insights from RISE Infraventures' Sachin Gawri
Sachin Gawri, founder and CEO of RISE Infraventures, discusses the promising potential of the real estate market in the Delhi-NCR region, particularly in Gurugram and along the Dwarka Expressway.
Ventive Hospitality IPO Shows Strong Interest, Subscribes 71% on First Day
The initial public offering (IPO) of Ventive Hospitality has garnered significant attention, with 71% subscription on its first day. This positive response indicates strong investor confidence in the company’s growth potential and operational efficiency.
Pune: Dreams Per Square Feet Launches April–June 2025 Edition, Spotlighting India's Real Estate Marvels
Pune, 13th April 2025: Dreams Per Square Feet, India's first-of-its-kind hybrid real estate magazine, proudly announces the release of its latest edition, featuring a comprehensive overview of the most innovative and luxurious properties across the country.