The UK property market may be in a state of flux. But London has a history of stretching back more than 2000 years and some of the latest five-star developments are trying to establish a trend among the heritage, the FT reported in its How to Spend it Magazine.
No 1 Grosvenor Sqaure, the 44 residences in Mayfair that is owned by the Lodha Group, with starting price from £8m, will not only benefit from a 930 square metres of deluxe communal facilities and a Michelin star restaurant but will also enjoy uninterrupte views of Eero Saarinen's iconic midcentury monument, which used to be the American Embassy.
The Canadian High Commission moved to Canada House in Trafalgar Square, and sold 1 Grosvenor Square to India's Lodha Group for £306m in 2017.
A spokeswoman for Lodha told The Guardian last year that the company planned to turn the building into a mostly residential development with flats valued at £5,000 per square ft. This is the first development for the Lodha Group outside India, where the company is developing more than 35m sq ft of property in Mumbai, Pune and Hyderabad.
