Embassy sells most expensive house in Bengaluru

The 30th-floor single level unit of the new Four Seasons Private Residences at Embassy ONE has been sold for a record-breaking Rs 50 crore, the highest price ever fetched for a branded residence in South India.

The buyer who spends a considerable amount of time overseas has chosen to remain anonymous. Located at the gateway to North Bengaluru, the sale of this 16,000 sq feet 30th-floor residence is now on par with prices in the ultra-luxury market segments in Mumbai and NCR. 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 have valued at Rs 6,000 crore, according to JLL report. Reeza Sebastian, Senior VP, Residential Business, Embassy Group said, “We are elated to have sold Bengaluru’s most expensive residential property.”