A house is made of people but the people who you live with if they are happy to spend more time at home than out, you must be rest assured its one pretty house and people are willing to live in it forever.
After doing residences in Singapore, New York, Bangkok, San Francisco and elsewhere, it is in talks with Bengaluru-based developer plans to do it in Chennai.
Currently the estate is doing three projects, in Bengaluru, Chennai and Goa.
Luxury demand: The rush to build branded residences is not without reason.
According to a report by Knight Frank and Citi Private Bank, a higher number of high net worth individuals are choosing luxury properties in Asian cities such as Mumbai and Shanghai.
While almost 40 % of the world's most exclusive residential property markets increased in value during 2010, six of the 10 biggest risers were in Asia, the report says.
"We are having some serious negotiations with a few partners. We have plans to set up at least a couple of projects, starting from Mumbai and Delhi. There is a reasonably high demand for such projects in India, especially in the metros.
Our aim is to open the first property in the next three years," says K B Khachru, executive vice president, South Asia, Carlson Hotels.
Adds Reema Kundnani, vice president, marketing and communications, at Oberoi Realty: "Branded residences are a hugely successful concept internationally. Our whole strategy is to bring that international living to India. We want to cater to the demand from global Indians."
Luxury homes are priced between $1 million (Rs 4.4 crore) and $3 million (Rs 13.2 crore), depending on size and other factors.
Source: http://www.rediff.com/business
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