Sotheby's India

ASK Property, India Sotheby's launch Rs 1,000 cr fund for luxury housing

ASK Property Fund and India Sotheby's International Realty on Tuesday announced the launch of a Rs 1,000-crore equity fund for making investments in luxury residential projects. In a joint statement, ASK Property Fund and India Sotheby's International Realty said they have done a "strategic collaboration to launch India's first luxury real estate investment platform ASK Curated Luxury Assets Fund". ASK Property Fund is the real estate private equity arm of Blackstone-backed ASK Asset & Wealth Management Group. ASK Curated Luxury Assets Fund is registered with the Securities and Exchange Board of India as a Category II Alternative Investment Fund under the SEBI (Alternative Investment Funds) Regulations, 2012 (AIF Regulations). The purpose of this fund is to invest in residential projects in India in the luxury segment, the statement said. The fund's objective is to generate superior risk-adjusted returns for investors by investing in high-end residential projects in top cities, .

Capital appreciation key to buy luxury realty for 44% of rich people: ISIR

Capital appreciation will be the key motivation for 44 per cent of wealthy people to buy luxury properties over the next 24 months, according to India Sotheby's International Realty (ISIR) survey released on Thursday. Real estate consultant ISIR released its annual 'Luxury Outlook Survey 2024' with a sample size of over 500 High Net Worth Individuals (HNIs) and Ultra High Net Worth Individuals (UHNIs). "Despite an almost 40 per cent rise in property prices over the last 24 months and increase in mortgage rates, 71 per cent of respondents expressed an intent to buy real estate in the next 12-24 months, showcasing significant confidence in the market," ISIR said. Capital appreciation has overtaken lifestyle upgrades, as the primary motivation for real estate investment (44 per cent), the consultant said, adding that this signals a return of investors to the market. "Our survey findings indicate a renewed and heightened interest among investors who now view real estate as a compelling

Sotheby's bags mandate to sell Rs 800 cr worth luxury properties in Mumbai

Property consultant India Sotheby's International Realty on Sunday said it has bagged a mandate to sell Rs 800 crore worth ultra-luxury apartments at Worli in Mumbai. In a statement, India Sotheby's International Realty said it has signed an exclusive sales and marketing mandate with The Residency, Worli, Mumbai that houses 19 ultra-luxury residences. Prime Realty is the developer of this project. These residences are ready with completion and occupancy certificates, it added. The price of these luxury residences starts at Rs 60 crore each. Few units have already been sold. India Sotheby's International Realty has got mandate to sell Rs 800 crore worth properties. The size of each flat is around 5,510 square feet. Amit Goyal, Managing Director of India Sotheby's International Realty, said, "Luxury real estate sales in India's financial capital and its wealthiest city, registered record-setting sales in the first six months of 2023." India Sotheby's International Realty did not

Former Niti Aayog V-C Rajiv Kumar joins advisory board of India Sotheby's

Rajiv Kumar, the former Vice-Chairman of the Niti Aayog, has joined the policy and advisory board of property consultant India Sotheby's International Realty. Kumar will advise the company on policy and advocacy matters with the objective of promoting transparency and professionalism in the real estate sector, India Sotheby's International Realty (ISIR) said in a statement. He will also be guided on the next phase of growth in the region, including the evaluation of new opportunities in the sector, said Amit Goyal, CEO, India Sotheby's International Realty. "India Sotheby's International Realty is a premier organisation in the real estate advisory and transaction segment. We all know that the realty sector is a major driver of economic growth in the country. Transparency and professionalism are key to a healthy growth of the real estate sector and these are also the core values at ISIR," Kumar said. Alumni of St Stephen College and Lucknow University, Kumar has received D.Litt degr

Builders expect slowdown in housing demand in short-term on RBI's rate hike

The RBI on Wednesday hiked the key benchmark rate by 50 basis points

Home is where the art is, whether it's a masterpiece or a lesser creation

The first rule is to pick up something you can live with for a lifetime. If you're into collecting as an investment, what matters as much as the artwork is its creator and previous owners

Slowing economy, overpriced art dampen Sotheby's second India auction

The auction, held in Mumbai on Friday, even failed to sell the highlight of the evening -- a $3 million (Rs 21.4 crore) Gaitonde painting

Indians bought over $250 mn of art from us: Sotheby's India MD Bhatia

The company's aggregate auction sales reached $4.6 billion, up 8 per cent from 2016, Says Bhatia