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HindustanTimes Thu,17 Apr 2014

Luxurious hotel-branded houses coming soon

Sanjeev K Ahuja , Hindustan Times  Gurgaon, February 24, 2013
First Published: 00:23 IST(24/2/2013) | Last Updated: 00:24 IST(24/2/2013)

Soon, get the luxuries of a hotel at your home with the concept of hotel-branded residences fast catching up in the city.

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Real estate firm Ireo has roped in internationally-acclaimed hospitality chain Hyatt Hotels to introduce branded Grand Hyatt Residences in Gurgaon to be managed by the hotel firm.

To cost between Rs. 11 crore and Rs.25 crore or even higher, apartment owners would be able to enjoy hotel-like facilities such as valet service, concierge, laundry, in-residence dining, housekeeping and others.

Residents would also be able to walk down to a nearby 7-star Grand Hyatt hotel, office complex and open-to-sky market in the 29-acre integrated complex to come up on Golf Extension Road.

“Branded residences is relatively a new concept in India and it is for those who are successful entrepreneurs, executive and others who want to enjoy an upscale lifestyle. Hyatt, with whom we have signed a management agreement, has built branded residencies across the world.

"In Gurgaon, we have planned five 30-plus floor residential towers with dedicated lifts and a private foyer on each floor. Each floor will have two apartments.

"All 265 houses have been designed by London-based architectural firm Foster Associates with interior designing by Tony Chi Associates of New York to overlook a 50-acre golf park,” said Pankaj Dugar, head of hospitality business, Ireo.

The apartments have been designed in areas between 4,600 and 10,000 sqft in four-plus bedroom formats with penthouse options.

Hyatt Hotels Corporation, which is presently developing Park Hyatt Residency in New York, is upbeat on the prospects of branded residences in India.

John M Burlingame, global head - residential development, Hyatt Corporation, said people in India too have an appetite for quality living.

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