In this article, we derive the existence of positive solution of a semi-linear, non-local elliptic PDE, involving a singular perturbation of the fractional laplacian, coming from the fractional Hardy-Sobolev-Maz'ya inequality, derived in this paper. We also derive symmetry properties and a precise asymptotic behaviour of solutions.Note that, existence of nontrivial solution of (1.1) will follow for the case of s = 1, if we can show the existence of minimizers of (1.4). For β = 0, the existence of minimizers of (1.4) has been established in [2] by using concentration compactness principle due to P.L Lions [25], [24]. Whereas, for 0 < β < (k−2) 2 4 , the existence is proved in [29], by using blow up analysis for approximate solutions with a rescaling argument. On the other hand, since for β = (k−2) 2 4 , the expected space in which the minimizers will belong is much bigger than the same for the case of β < (k−2) 2 4 , one needs to employ a careful analysis. Using a penalty method, Tintarev and Tertikas proved the existence of minimizers for the case of β = (k−2) 2 4 in [33] and subsequently improved in [19].The cylindrical symmetry of the local counterpart (i.e. s = 1) of (1.1), has been established in [26] by using moving plane method in the special case of β = 0. In fact, when t = 1, they have classified all the solutions by a careful asymptotic analysis. Subsequently, in the case of 0 ≤ β < (k−2) 2 4