Latest news with #ASK
Time of India
24-05-2025
- General
- Time of India
UIDAI drive for 4.6 crore UP minors to update biometrics
Lucknow: The UIDAI regional office in Lucknow has launched a campaign targeting mandatory biometric updates for 4.6 crore children with Aadhaar cards in UP, while promoting awareness about the process. Children can visit any of the 12 Aadhaar seva kendras (ASK) locations across UP, situated in Lucknow, Kanpur, Gorakhpur, Gonda, Varanasi, Agra, Moradabad, Saharanpur, Ghaziabad, Greater Noida, Meerut and Prayagraj. Walk-in services are available on weekdays from 4.30-5.30 pm, and 9.30-5.30 pm during weekends (Saturday and Sunday). Deputy director general of UIDAI's Lucknow region, Colonel Prashant Kumar Singh said, "Considering the summer vacations of schools, we have launched this campaign for children, for whom biometric updates are mandatory between the ages of 5-17 years." The state has 2,937 biometric update centres, including 500 run by Indian postal service, in addition to the 12 ASKs. These centres require prior appointments for updates. As per UIDAI guidelines, children aged 0-5 years do not need biometrics for Aadhaar enrolment. However, two biometric updates are necessary from age 5-17. Currently, 1.8 crore minors from 5-7 years require Aadhaar biometric updates, while 2.8 crore minors from 15-17 years have pending biometric updates in UP. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trade Bitcoin & Ethereum – No Wallet Needed! IC Markets Start Now Undo "From 5-7 years, the minor needs to get the biometric updated. This is free of cost. However, between 8-14 years, the biometric update charges are Rs 100. Further, from 15-17 years, the biometric update is again mandatory, and the service is free of cost, but post 17 years the biometric update charges are Rs 100," Col Singh said. For Lucknow residents, the ASK service is accessible at Ratan Square for biometric updates. On each ASK, there are at least two counters which have been dedicated for minor's biometric updates. Get the latest lifestyle updates on Times of India, along with Brother's Day wishes , messages and quotes !
Time of India
22-05-2025
- Business
- Time of India
ASK Curated Luxury Assets Fund raises ₹500 crore to invest in luxury housing projects
NEW DELHI: 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. ASK Curated Luxury Assets Fund- I (ASK CLAF I), an Alternative Investment Fund (AIF), on Thursday announced its initial close. "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. This fund plans to immediately start deploying funds as per its investment strategy and aims to raise a total of Rs 1,500 crore, including a green shoe option of Rs 500 crore, towards its final close. The AIF will provide funding in early-stage projects at favourable entry points, mainly in high-end residential projects in major cities, as well as horizontal projects such as second homes and holiday homes. As an equity-focused fund, it aims to target the profit margin of the project, striving to achieve a minimum multiple of 2 times or more of invested capital. ASK Curated Luxury Assets Fund I, registered with the Securities and Exchange Board of India ( SEBI ) as a Category II Alternative Investment Fund under the SEBI AIF Regulations. ASK Property Fund, the real estate arm of the Blackstone-backed ASK Asset & Wealth Management Group, is the investment manager and sponsor of the AIF, while India Sotheby's International Realty is co-sponsor and real estate advisor.
Hindustan Times
22-05-2025
- Business
- Hindustan Times
ASK Property Fund, ISIR-backed real estate AIF raises ₹500 crore for Investment in luxury housing projects
ASK Property Fund and India Sotheby's International Realty (ISIR) backed real estate fund has raised ₹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 ₹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 invest in early-stage developments at attractive entry valuations, with a focus on premium residential projects in major cities, as well as horizontal developments like second homes and holiday properties. As an equity-focused vehicle, the fund aims to capture the project's profit margin and is targeting a minimum return of 2x or more on invested capital, Ask Property Fund said. This fund plans to immediately start deploying funds as per its investment strategy and aims to raise a total of ₹1,500 crore, including a ₹500 crore green shoe option, towards its final close. Also Read: ASK Property Fund and India Sotheby's International Realty join hands to launch ASK curated luxury assets fund ASK Curated Luxury Assets Fund I is registered with the Securities and Exchange Board of India (SEBI) as a Category II Alternative Investment Fund under the SEBI AIF Regulations. "This collaboration and strategy present a unique proposition. The fund benefits significantly from SIR's capability to monetize projects through its extensive network, experience, and access to premium land parcels. We believe the fund can secure exclusive deals for our select developer partners via curated opportunities and maximize returns through well-structured investments," Amit Bhagat, co-founder, CEO and MD at ASK Property Fund, said. ASK Property Fund, the real estate arm of the Blackstone-backed ASK Asset and Wealth Management Group, is the investment manager and sponsor of the AIF, while India Sotheby's International Realty is co-sponsor and real estate advisor.
Business Mayor
22-05-2025
- Business
- Business Mayor
ASK curated luxury assets fund raises Rs 500 crore
The fund plans to immediately start deploying as per its investment strategy and aims to raise a total of Rs 1,500 crore, including a green shoe option of Rs 500 crore, towards its final close. 'We have industrialists, eminent professionals, family offices, and discerning HNI investors who have participated in the funding round. With the luxury residential market now entering a more mature phase, and the initial exuberance beginning to stabilise, we are confident of striking smarter, better-valued deals with landowners and developers alike,' said Amit Goyal, MD, India Sotheby's International Realty. Registered with the Securities and Exchange Board of India (SEBI) as a Category II Alternative Investment Fund under the SEBI AIF Regulations, it is a collaboration between ASK property fund, the real estate arm of the Blackstone-backed ASK asset & wealth management group and India Sotheby's International Realty (SIR). 'This positions us to unlock high-impact opportunities at the right value, maximising the upside potential for our investors. Over the last eight years, we have executed hundreds of prime land transactions across India. Leveraging this deep market insight and transaction expertise, we will now focus on luxury developments featuring serviced residences in selected micro-markets with strong, sustainable demand,' Goyal said. The primary focus of this fund is to leverage the projected growth in India's luxury real estate market. It intends to provide funding in early-stage projects at favourable entry points, mainly in high-end residential projects in major cities, as well as horizontal projects such as second homes and holiday homes. As an Equity-focused fund, it aims to target the profit margin of the project, striving to achieve a minimum multiple of 2 times or more of invested capital.'The fund benefits significantly from SIR's capability to monetize projects through its extensive network, experience, and access to premium land parcels. We believe the fund can secure exclusive deals for our select developer partners via curated opportunities and maximize returns through well-structured investments,' said Amit Bhagat, Co-Founder, CEO & MD at ASK Property Fund. ASK Property Fund is the alternate asset investment arm of the ASK group set up to manage and advise real estate dedicated funds. The focus is on private equity investments in self-liquidating mid-income and affordable residential and commercial segments. It has raised around Rs 8,000 crore since 2009. The Sotheby's International Realty network is present in 83 countries and territories with 1,100 offices and 26,400 sales associates, achieving a transaction volume of USD 143 billion in 2023. The fund aims to complete its first close in Q1 of FY 2026 and its final close by Q3 of FY 2026, followed by the greenshoe option. It plans to fund 3-4 projects annually, with each project's units priced at Rs 8 crore and above.
Time of India
22-05-2025
- Business
- Time of India
ASK curated luxury assets fund raises Rs 500 crore
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel ASK curated luxury assets fund- I (ASK CLAF I), a Category II Alternative Investment Fund , has raised Rs 500 crore to deploy in development of luxury projects across key cities in fund plans to immediately start deploying as per its investment strategy and aims to raise a total of Rs 1,500 crore, including a green shoe option of Rs 500 crore, towards its final close."We have industrialists, eminent professionals, family offices, and discerning HNI investors who have participated in the funding round. With the luxury residential market now entering a more mature phase, and the initial exuberance beginning to stabilise, we are confident of striking smarter, better-valued deals with landowners and developers alike,' said Amit Goyal, MD, India Sotheby's International Realty Registered with the Securities and Exchange Board of India (SEBI) as a Category II Alternative Investment Fund under the SEBI AIF Regulations, it is a collaboration between ASK property fund , the real estate arm of the Blackstone-backed ASK asset & wealth management group and India Sotheby's International Realty (SIR).'This positions us to unlock high-impact opportunities at the right value, maximising the upside potential for our investors. Over the last eight years, we have executed hundreds of prime land transactions across India. Leveraging this deep market insight and transaction expertise, we will now focus on luxury developments featuring serviced residences in selected micro-markets with strong, sustainable demand,' Goyal primary focus of this fund is to leverage the projected growth in India's luxury real estate market. It intends to provide funding in early-stage projects at favourable entry points, mainly in high-end residential projects in major cities, as well as horizontal projects such as second homes and holiday homes. As an Equity-focused fund, it aims to target the profit margin of the project, striving to achieve a minimum multiple of 2 times or more of invested capital.'The fund benefits significantly from SIR's capability to monetize projects through its extensive network, experience, and access to premium land parcels. We believe the fund can secure exclusive deals for our select developer partners via curated opportunities and maximize returns through well-structured investments,' said Amit Bhagat, Co-Founder, CEO & MD at ASK Property Property Fund is the alternate asset investment arm of the ASK group set up to manage and advise real estate dedicated funds. The focus is on private equity investments in self-liquidating mid-income and affordable residential and commercial segments. It has raised around Rs 8,000 crore since Sotheby's International Realty network is present in 83 countries and territories with 1,100 offices and 26,400 sales associates, achieving a transaction volume of USD 143 billion in fund aims to complete its first close in Q1 of FY 2026 and its final close by Q3 of FY 2026, followed by the greenshoe plans to fund 3-4 projects annually, with each project's units priced at Rs 8 crore and above.
