ASK Prop, India Sotheby's start realty fund
Mint Chennai|January 08, 2025
The fund aims to raise ₹1,000 crore in equity, with a green-shoe option of an additional ₹500 crore
Madhurima Nandy

SK Property Fund, the real estate private equity arm of Blackstone-backed ASK Asset & Wealth Management Group, has teamed up with India Sotheby's International Realty to unveil the ASK Curated Luxury Assets Fund, the country's first investment platform dedicated to luxury real estate.

The fund aims to raise ₹1,000 crore in equity, with a green-shoe option of an additional ₹500 crore. Registered as a Category II Alternative Investment Fund with the Securities and Exchange Board of India (Sebi), the fund plans to invest in early-stage luxury residential projects across Mumbai, Bengaluru, and the Delhi-NCR region.

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