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Gurgaon News  | Gurgaon Blogs  |  Gurgaon Article

Ascott signs new Gurgaon property
01/09/2014
The new serviced residence is due to open in 2019 and will have 174 units, with the property owned by CapitaLand.

Known as Somerset Diplomatic Greens Gurgaon, the property will be Ascott’s second residence in the city after the Ascott Iero City Gurgaon opens in 2017.

The latest signing will be located in seven acres of landscaping within the Diplomatic Greens entertainment hub with a range of one and two-bedroom apartments. Facilities will include a gym, yoga centre, swimming pool, all-day dining restaurant and bar.

“Our strategy for India is to expand in high-growth cities where there is significant demand for international-class serviced residences from expatriates, project teams and business travellers,” said Tony Soh, Ascott’s chief corporate officer who oversees its Indian business. “Gurgaon is a fast-developing city where a large number of manufacturing, IT and construction companies are based. We are confident that our Somerset brand will do well in Gurgaon.”

The group’s new openings in India will push the number of apartments it has in the country to 1, 400.

New sites are also being scouted in Mumbai, New Delhi and Pune.

Soh added: “We see strong growth potential for Ascott in India. By bringing our Somerset brand to Gurgaon through our partnership with Puri Constructions, Ascott’s footprint in India will increase to more than 1,400 apartment units in eight serviced residences across five cities.

“To further expand Ascott’s network in India, we will continue to seek opportunities for investments, management contracts, leases or franchise agreements. Besides Ahmedabad, Bangalore, Chennai,

Hyderabad and Gurgaon where we have presence, we are also seeking opportunities in key business cities including Mumbai, New Delhi and Pune.”

Source :traveldailymedia.com






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