Four Seasons bets big on luxury residential apartments in India

Across the globe, residential projects of luxury hotels have been able to command a premium ranging from 15% to 50%

Luxury apartments would play an important role in the India growth strategy of Four Seasons Hotels & Resorts as the Ontario, Canada-based company seeks to step-up its brand presence by managing hotels in more cities, Isadore Sharp, founder and chairman, Four Seasons, said in an interview with Business Standard. 

One of the first such residential projects called Four Seasons Private Residences, currently under development in South Mumbai, would be ready for possession by 2020. With prices starting at Rs 300 million, the key target group for such apartments are ultra-high net worth individuals who own residences in cities across the