presidential apartment
n.— «With land prices skyrocketing in the city’s central business district (CBD), builders are concentrating on building large projects in the suburban or peripheral areas and are seen increasingly going in for top-end “presidential” apartments in city centre.…According to sources familiar with the trend, “People going in for such high-end apartments are very senior company executives, investment bankers and a few techies who have made money abroad, are always on the move and looking for anything that will be in the central part of the town with facilities and amenities that are world class.”» —“Bangalore builders see top-end apartment demand surging” Business Standard (India) Oct. 13, 2006. (source: Double-Tongued Dictionary)
Further reading
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