Ascott’s service residences

CapitaLand’s wholly-owned serviced residence business unit, The Ascott Limited (Ascott), is expanding its network of service residences in India by securing a 96-unit serviced residence in Bangalore through a lease agreement. Ascott, the world’s largest international serviced residence owner-operator, will rebrand the property as Citadines Richmond Bangalore and operate it from August 1. This will be Ascott’s first property to open in India. 

Besides Citadines Richmond Bangalore, Ascott has six other properties with more than 1,300 apartment units under development in India. The six properties are located in Ahmedabad, Bangalore (two properties), Chennai (two properties) and Hyderabad. Of the six properties, Somerset Greenways Chennai, is scheduled to open later this year while the remaining five properties are scheduled to open progressively in the next three years.  In Bangalore, with the addition of Citadines Richmond Bangalore, Ascott will have three properties with over 500 apartment units.  

Prestige Tranquility

The Prestige Group is launching their new project - Prestige Tranquility off Old Madras Road in Budigere. Prestige Tranquility is a new project coming up on Budigere Road, Bangalore – also known as the access road to the International Airport Bangalore, from NH4/Old Madras Road. Spread across 38 acres of land, the project is set to house a total of 2330 apartments.

Unitech gets LEED rating

US Green Building Council (USGBC) has accredited LEED Gold rating to the commercial complex of Unitech in Sector 45, Gurgaon. The complex is designed as per the norms of Indian Green Building Council (IGBC) which is part of CII- Sohrabji Godrej Green Business Centre; actively involved in promoting the green building concept in India. Unitech Commercial Towers has been able to attain this status due to various features and initiatives that have helped the complex in minimizing pollution and reducing water consumption. The construction waste generated during the construction of the building was segregated and more than 90 per cent was diverted from landfill by reusing, or by handing over to appropriate agencies. Similarly, low VOC (Volatile Organic Compound) paints and adhesive were also used to enhance indoor environment for the occupants comfort and well-being. The complex also has various water efficient fixtures in order to save water and uses the recycled water for flushing, HVAC (Heating, Ventilation and Air conditioning) and landscaping.

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