India, May 12 -- India Sotheby's International Realty and the ASK Property Fund-backed platform has announced its first investment of Rs.63 crore in an ultra-luxury housing project in Goa that will comprise 28 villas. The project is expected to generate revenue of around Rs.360 crore, the company said on May 12.

The platform invested Rs.63 crore in 'Ananda Nilaya', a project being developed by Priority Group in Arpora, North Goa. Spread across 5.12 acres, the upcoming development will feature 28 villas.

"This marks a significant milestone for Goa's second-home market, representing one of the first major institutional capital commitments to the state's luxury residential segment," the company said in a statement.

The premium hillside vi...