News Point: Single Level Unit Four Seasons Private Residence at Embassy ONE Bengaluru sold at INR 50 crores.Â
The 30th-floor single level unit of the new Four Seasons Private Residences at Embassy ONE has been sold for a record-breaking INR 50 crores, the highest price ever fetched for a branded residence in South India.
Located at the gateway to North Bengaluru, the sale of this spectacular 16,000 sft 30th floor residence is now on par with prices in the ultra-luxury market segments in Mumbai and NCR.
Reeza Sebastian, Senior Vice President, Residential Business, Embassy Group said, â€śWe are elated to have sold Bengaluruâ€™s most expensive residential property. Luxury homeowners are more specific about the legacy of brands, quality of construction, the promise of delivery and re-assurance of continued impeccable levels of service. The Embassy Group, Four Seasons Hotels and Resorts and Blackstone being leaders in their own spaces, have recognized these aspirations of residential homebuyers and partnered to create this coalescence of 109 iconic homes that are among the most desirable in the city. Embassy ONE is the emergence of an elevated, integrated lifestyle.â€ť
James Price, Vice President, Residential, Four Seasons Hotels and Resorts said, â€śThe sale speaks of the value and benefits that Four Seasons brings as a brand, and is a vote of confidence in the project. We are excited to have partnered with the Embassy Group to create this remarkable lifestyle opportunity in one of the fastest growing cities in the world â€“ Bengaluruâ€ť.
Bengaluru is among the top three cities to have witnessed unprecedented growth in demand for ultra-luxury homes in the last two years. The year-on-year growth of ultra-luxury homes in the city is at an all-time high and the estimated total value of ultra-luxury housing projects in various stages of construction in Bengaluru are valued at INR 6,000 crores. (source: JLL report)
Developed by Embassy Group, Embassy ONE houses lifestyle residences representing exquisite engineering, cutting-edge design and dedicated service matching international standards. Indiaâ€™s first Four Seasons Private Residences in Bengaluru, are a part of this marquee destination.
The community of private residence owners at Embassy ONE span across industries and countries and represent a niche lifestyle desired by many, but acquired by only those with a true penchant for world-class hospitality within the comforts of their curated luxury homes.