ASK Curated Luxury Asset Fund I Invests ₹63 Crore in Goa's Ananda Nilaya Villa Development
ASK Curated Luxury Asset Fund I invests Rs 63 crore with Goa-based developer
The Economic TimesImage: The Economic Times
ASK Curated Luxury Asset Fund I has invested ₹63 crore (approximately $7.6 million USD) in Ananda Nilaya, an ultra-luxury villa project in Arpora, North Goa, developed by Priority Group. The project, featuring 28 villas, has a revenue potential of ₹360 crore (around $43.5 million USD) and aims to cater to the growing demand for luxury second homes in Goa.
- 01ASK Curated Luxury Asset Fund I invests ₹63 crore in Ananda Nilaya, a luxury villa project in Goa.
- 02The project has a revenue potential of ₹360 crore, featuring 28 villas designed by Stapati.
- 03Ananda Nilaya is strategically located near Baga Beach and Mopa International Airport.
- 04Priority Group has a strong track record in Goa's real estate market, delivering 3 lakh sq. ft. across 16 projects.
- 05The fund aims to raise up to ₹1,500 crore for high-end residential developments across India.
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ASK Curated Luxury Asset Fund I, a luxury-focused real estate investment platform co-sponsored by India Sotheby’s International Realty and ASK Property Fund, has made a significant investment of ₹63 crore (approximately $7.6 million USD) in Ananda Nilaya, an ultra-luxury villa development in Arpora, North Goa. This project, developed by Priority Group, will feature 28 villas and has a projected revenue potential of ₹360 crore (around $43.5 million USD). The villas are designed by Stapati and are located just 2 km from Baga Beach, with convenient access to both Mopa International Airport and Dabolim Airport. The development spans 5.12 acres and includes an 18,000 square feet clubhouse, catering to the increasing demand for luxury second homes in Goa. Amit Bhagat, Co-Founder and CEO of ASK Property Fund, highlighted Goa's emergence as a prime luxury second-home market. Priority Group, founded by Parind Nachinolcar and Swapneel Nachinolcar, has been active in Goa's real estate since 2007, delivering approximately 3 lakh sq. ft. across 16 projects. The investment is seen as a testament to the governance standards and delivery orientation of Priority Group. ASK Property Fund has raised ₹9,100 crores (around $1.3 billion USD) since 2009, focusing on high-end residential developments across major Indian cities.
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The investment in Ananda Nilaya is expected to enhance the luxury real estate market in Goa, attracting affluent buyers and boosting local employment in construction and hospitality sectors.
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