Versace, Unity to build Delhi's tallest tower for Rs 500 cr
New Delhi: Italian luxury brand Versace and realty firm Unity Group on Thursday announced tie-up for developing the Delhi's tallest building, comprising 160 branded luxury apartments, with an investment of about Rs 500 crore.
The 46-storey twin towers, with interior design by Versace Homes, will be the tallest approved building in the national capital with 182 metres in height, Unity group Director Harsh Vardhan Bansal told reporters here.
These branded homes will be sold on invitation and price is likely to be about Rs 15 crore for a 5,800 sq ft apartment.
Unity Group, which has built over 100 commercial buildings here, has forayed into housing segment to develop this 40 acre complex at Karol Bagh, comprising a total of nearly 2,700 units in 22 towers. The twin towers will be part of this project.
The twin towers were launched in presence of Italian Ambassador to India Lorenzo Angeloni.
"The branded luxury apartments will offer a range of unique amenities that embrace everything Versace stands for superior quality, contemporary design and innovation through a combination of ultra-modern facilities with unmatched style," said Gabriella Saracino, Worldwide Licensing and Home Division Director, Gianni Versace.
She said this will be the second housing project for Versace brand in India, which is an important market for the Italian fashion house. It is doing a project 'ABIL Mansion' in South Mumbai.
In recent years, Saracino said the company has started to focus on luxury residential projects around the world, such as the Aykon Lonon One in London, the DAMAC Residences in Jeddah and Milano Residences in Manila.