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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, .