Whiteland Corp to develop Rs 5600-cr Westin Residences in Gurugram
7/9/2024 1:44:00 AM
NCR-based Whiteland Corporation entered into a pact with Marriott International on Thursday to bring Westin Residences to Gurugram. The total project investment is estimated at around Rs 5600 crore, which includes construction cost of Rs 5000 cr and land cost of Rs 600 cr. The project topline is pegged at Rs 15000 cr. Located along the Dwarka Expressway, Westin Residences Gurugram is strategically positioned in Sector 103, a 15-minute drive from the CBD of Gurugram and a 15-20 minute drive from the residential areas of South and West Delhi, and close to International Airport and landmarks such as the India International Convention Centre (Yashobhoomi), upcoming DDA Dwarka Golf Course and Diplomatic Enclave, a premium catchment of expats and diplomats catering to over 35 embassies. Westin Residences Gurugram is slated to be the largest branded residences and the first standalone residential (without a hotel on-site) property in India under the renowned Westin brand, promising a blend of exclusivity, wellness, and world-class hospitality. The Residences is poised to meet the growing demand in India from discerning buyers seeking hotel-inspired lifestyle with personalized services, global concierge and more. The first phase, consisting of 674 exclusive residences, is set to be launched in the second quarter of this financial year. The Residences will be an urban resort featuring three and four-bedroom residences ranging from 235 sqm to 386 sqm, where homeowners will have access to high-end amenities while enjoying 20 acres of beautifully-landscaped grounds dedicated mainly to recreation and outdoor activities. Commenting on this, Pankaj Pal, Managing Director of Whiteland Corporation, said, “We are delighted to sign an agreement with Marriott International to bring Westin Residences to India. We believe this unique proposition will herald in a new era in the Indian real estate. The Westin Residences Gurugram will redefine premium home ownership with exceptional service and attention to detail, offering a prestigious address that will bring pride and joy to its residents. Our commitment to creating world-class residential developments, supported by award-winning international consultants, ensures an unparalleled ecosystem for our buyers.” Source : The Economic Time
INDIA