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Whiteland Company, an actual property developer, mentioned it had signed an settlement with Marriott Worldwide, Inc. to convey Westin Residences to Gurugram, India.
“The whole funding for the undertaking is estimated at round ₹5,600 crore, which incorporates development price ₹5,000 crore and land price of ₹600 crore. The topline of the undertaking is pegged at ₹15,000 crore,” the corporate mentioned in an announcement.
Positioned alongside the Dwarka Expressway, Westin Residences Gurugram is predicted to be the most important branded residences and the primary standalone residential, with no resort on-site, property in India beneath the Westin model, the corporate added.
The primary section, consisting of 674 unique residences, will open for bookings within the second quarter of this monetary 12 months.
It is going to function three- and four-bedroom residences starting from 235 sqm to 386sqm, the place householders could have entry to high-end facilities.
Pankaj Pal, Managing Director, Whiteland Company mentioned, “We consider this distinctive proposition will herald in a brand new period within the Indian actual property.”
“The Westin Residences Gurugram, will redefine premium house possession with distinctive service and a focus to element, providing a prestigious deal with that can convey satisfaction and pleasure to its residents,” he mentioned.
“We’re delighted to have signed an settlement with Whiteland to introduce the primary Westin Residences to India,” mentioned John Hearns, Senior Vice President, World Residential Operations, Marriott Worldwide.
