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HNIs Expect India’s Luxury Housing Market to Cool by FY27

NEW DELHI: A recent survey by property consultant India Sotheby’s International Realty indicates that demand and prices for luxury homes may decline in major cities in the upcoming fiscal year, with 56% of wealthy respondents agreeing. The survey, conducted amongst nearly 700 high net worth individuals (HNIs) and ultra HNIs, aimed to evaluate their perspectives on India’s economic growth, investment strategies, and the luxury housing market. In its report, ‘The India Luxury Residential Outlook 2026’, released on Sunday, India Sotheby’s International Realty (ISIR) revealed that 67% of HNIs and UHNIs remain optimistic about India’s economic prospects despite facing global challenges.…

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ASK CLAF-I Partners with Amavi by Clarks for ₹500 Crore Fund

NEW DELHI: The ASK Curated Luxury Assets Fund-I (CLAF-I), a partnership between ASK Property Fund and India Sotheby’s International Realty, has launched a ₹500 crore equity platform with Amavi by Clarks, focusing on branded residences. This collaboration is set to invest in equity for luxury second homes located in scenic hills, serene lakes, and spiritual destinations. ASK CLAF-I is registered with the Securities and Exchange Board of India (SEBI) as a Category-II Alternative Investment Fund (AIF) under relevant regulations. The fund aims to raise ₹1,500 crore overall, which includes a green shoe option of ₹500 crore for its final closing.…