India, May 22 -- ASK Property Fund and India Sotheby's International Realty (ISIR) backed real estate fund has raised Rs.500 crore to invest in luxury housing projects across major cities within three months of the launch of its Alternative Investment Fund platform, ASK Curated Luxury Assets Fund- I (ASK CLAF I), the company has said.

"This fund, aimed at investing in luxury residential projects, has evoked interest from many of India's prominent family offices, Ultra-High-Net-Worth Individuals (UHNIs), securing an investment corpus of Rs.500 crore within 3 months of its launch," ASK Property Fund said in a statement.

The fund is primarily focused on capitalising on the expected growth of India's luxury real estate market. It plans to i...