Ascott opens serviced residence in Bangalore

he 96-unit Citadines Richmond Bangalore and 187-unit Somerset Greenways Chennai. Briefing reporters Ascott’s Chief Investment Officer Ronald Tay said “Citadines Richmond is an ideal home offering flexible services to suit the lifestyles of independent, savvy travellers.

It offers apartment units ranging from comfortable studios to spacious two-bedroom apartments. Facilities include swimming pool and children’s pool, pool-side cafe, fully-equipped gymnasium, residents’ Lounge, serviced offices, banquet and conferencing facility.”

Introductory rates are from Rs 4,500 per night for a studio apartment and
Rs 12,000 per night for a two-bedroom apartment. Besides Citadines Richmond Bangalore and Somerset Greenways Chennai, Ascott has five other serviced residences with more than 1,100 apartment units under development in India.

The five properties are scheduled to open progressively in Ahmedabad, Bangalore (Whitefield, Yelahanka), Chennai and Hyderabad by 2015. Ascott’s seven properties in India will have over 1,400 apartment units and cost more than US$250 million when fully developed.