Bollywood Superstar Shahid Kapoor's Luxurious Sea-View Apartment Purchase in Mumbai
Shahid Kapoor buys luxurious sea-view apartment in Mumbai's Worli locality for Rs 60.41 crore
Real EstateLuxury PropertiesMumbaiBollywoodShahid KapoorReal Estate MaharashtraMay 27, 2024
This new acquisition marks Kapoor's second investment in the high-rise residential tower. In 2018, the couple bought a duplex on the 42nd and 43rd floors of the same tower for over Rs 58.57 crore. Three Sixty West, a mixed-use development, features two towers: one housing The Ritz-Carlton Hotel and the other comprising luxury residences managed by The Ritz-Carlton.
The transaction, which was registered on May 24, was facilitated by realty developer Chandak Realtors. Kapoor paid a stamp duty of Rs 1.75 crore for the registration. This new purchase also includes exclusive access to three car parking slots within the tower.
The demand for residential properties, especially in the mid-income, premium, and luxury segments, has reached an all-time high in 2023 across India's top eight cities. Mumbai, as the country's largest and most expensive property market, led this surge. The report added that the city has seen record performances in property registrations and revenue collection through stamp duty charges, driven significantly by high-value transactions in its southern and central regions.
The area has attracted numerous large-ticket deals involving industrialists, top executives, actors, and sports personalities over the past few years, contributing to its reputation as a prime real estate market.
The Indian real estate market has been witnessing a significant surge in demand, especially in the luxury segment. Mumbai, being one of the most expensive property markets in the country, has seen a rise in high-value transactions.
Chandak Realtors is a leading realty developer in India, known for its luxurious residential projects. The Ritz-Carlton Hotel is a renowned luxury hotel chain that offers high-end hospitality services. Kiran Gems is one of the world's largest natural diamond manufacturers.
Frequently Asked Questions
How much did Shahid Kapoor pay for the sea-view apartment?
Rs 60 41 crore including stamp duty charges
Where is the Three Sixty West project located?
Dr Annie Besant Road Worli locality Mumbai
What is the size of the apartment?
6 176 square feet
Who facilitated the transaction?
Chandak Realtors
What is the reputation of the area?
A prime real estate market attracting numerous large-ticket deals involving industrialists top executives actors and sports personalities
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