Ascott Signs Somerset Residence in Gurgaon, India

Ascott has secured a contract to manage its first Somerset-branded serviced residence in Gurgaon, India.

Slated to open by 2019, the 174-unit Somerset Diplomatic Greens Gurgaon is Ascott’s second serviced residence in the city, after Ascott Ireo City Gurgaon which is scheduled to open in 2017.

The management contract for Somerset Diplomatic Greens Gurgaon was awarded by Puri Constructions Private Limited, a company focusing on real estate development in northern India.

Mr Arjun Puri, Director of Puri Constructions, said, “Puri Constructions is delighted to have The Ascott Limited manage our first serviced residence at Diplomatic Greens. Ascott’s service excellence is world renowned. Hence, it is undoubtedly the perfect match for Puri Constructions, which has built its reputation on providing uncompromising quality. Located within a 30-minute drive from the international airport at New Delhi, Somerset Diplomatic Greens Gurgaon shall be the closest serviced residence from the airport.”

Located next to Dwarka Expressway, Somerset Diplomatic Greens Gurgaon is nestled in the middle of about seven acres of expansive green landscaping, right in the heart of Gurgaon.

The serviced residence will be next to the retail zone and entertainment hub within the Diplomatic Greens development, a 20-acre residential area within an 82-acre integrated development that includes retail and commercial spaces.

Designed to provide business executives and their families with the comfort of a home, Somerset Diplomatic Greens Gurgaon will offer a range of stylish studios, one and two-bedroom apartments.

Each apartment will feature a fully-equipped kitchen and separate living and dining areas.

The property’s extensive facilities include a private gymnasium, yoga centre, swimming pool, all-day dining restaurant and bar.

Mr Tony Soh, Ascott’s Chief Corporate Officer who oversees the company’s business in India, said, “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 over 1,400 apartment units in eight serviced residences across five cities. 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. 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.”

In India, Ascott currently operates Somerset Greenways Chennai and Citadines Richmond Bangalore. Besides Somerset Diplomatic Greens Gurgaon, five more serviced residences are scheduled to open progressively in Ahmedabad, Bangalore, Chennai, Hyderabad and Gurgaon by 2017.

“We are also seeking opportunities in key business cities including Mumbai, New Delhi and Pune,” Mr Soh added.