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ASK Curated Luxury Asset Fund I, a real estate investment platform co-sponsored by India Sotheby’s International Realty and ASK Property Fund, has made its first investment in Goa by committing INR 63 crore to a luxury housing project. The investment has been directed towards “Ananda Nilaya,” a villa development by Priority Group in Arpora, North Goa. Spread over 5.12 acres, the project will feature 28 villas and has received all key approvals, including RERA clearance. The developer has a long track record in Goa’s residential market with multiple completed and ongoing projects.
ASK Curated Luxury Asset Fund I, a platform jointly sponsored by India Sotheby’s International Realty and ASK Property Fund, has entered the Goa real estate market with an investment of INR 63 crore in a luxury housing development.
The fund has deployed capital into “Ananda Nilaya,” a premium villa project being developed by Priority Group in Arpora, North Goa. The project spans 5.12 acres and will include 28 villas designed for the luxury residential segment.
The investment marks the fund’s first entry into Goa, as confirmed in an announcement made earlier this week.
Priority Group, founded by Parind Nachinolcar and Swapneel Nachinolcar, has been active in Goa’s real estate sector since 2007. The developer has delivered nearly 3 lakh sq ft across 16 completed projects and is currently working on an additional 5 lakh sq ft of residential developments in the region.
All regulatory approvals for “Ananda Nilaya,” including RERA clearance, have already been secured.
Amit Bhagat, Co-Founder, CEO and MD of ASK Property Fund, highlighted that Goa has developed into one of India’s prominent luxury second-home destinations, attracting buyers seeking premium residential options across the country. He also indicated that the fund aims to support such high-quality developments through curated investment strategies.
Amit Goyal, MD of India Sotheby’s International Realty, stated that the focus would be on leveraging the organisation’s network and expertise to build a community of luxury homebuyers aligned with such projects.
ASK Property Fund, the alternative asset investment arm of the ASK Group, has raised INR 9,100 crore since 2009 and has invested across projects covering 70 million sq ft. Its portfolio spans major Indian real estate markets, including Mumbai Metropolitan Region, Delhi-NCR, Bengaluru, Pune and Chennai.
India Sotheby’s International Realty continues to operate as a luxury real estate consultancy, primarily focusing on marketing high-end residential properties in India.
Source PTI
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