Luxury Bengaluru Residence by Embassy Group Sells for 50 Crores
With Embassy Group closing the sale of one of its iconic branded private residences at its flagship luxury Integrated development – Embassy ONE, luxury living has a new price tag in Bengaluru. The 30th floor single level unit luxury Bengaluru residence by Embassy Group sells for 50 crores. The new Four Seasons Private Residences at Embassy ONE has been sold for a record-breaking amount and believed to be highest price ever fetched for a branded residence in South India. Located at the gateway to North Bengaluru, the price of this spectacular 16,000 sq. ft. residence is at par with prices in the ultra-luxury market segments in Mumbai and NCR. The buyer who has chosen to remain anonymous, is believed to spend a considerable amount of time overseas.
Reeza Sebastian, Senior Vice President, Residential Business, Embassy Group said, “We are elated to have sold Bengaluru’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.”
James Price, Vice President, Residential, Four Seasons Hotels and Resorts said, “The 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 – Bengaluru”.
Embassy ONE houses lifestyle residences represent exquisite engineering, cutting-edge design and dedicated service which match international standards. India’s first Four Seasons Private Residences in Bengaluru, are a part of this marquee destination.