Embassy Group sells home worth Rs. 50 crore in Bengaluru
Realty major Embassy Group has sold one of its iconic branded private residences for a record-breaking Rs. 50 Crores in Bengaluru. The residential property is a single level unit of 16,000 sft situated at the 30th floor of the new Four Seasons Private Residences at Embassy ONE.
The deal is said to be the highest price ever fetched for a branded residence in South India. 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 Rs 6,000 Crores.
The buyer has chosen to remain anonymous.