Jaipur Gems CEO Acquires Two Luxurious Flats for ₹160 Crore in Mumbai’s Prime Location
Siddhartha Sacheti, CEO of Jaipur Gems, has made a significant investment by purchasing two ultra-luxury apartments in Three Sixty West, Mumbai. The properties, located on the 51st and 52nd floors, are each 6,130 sq ft and cost ₹80 crore each, with a total of 10 car parks. This move underscores the growing trend of high-net-worth individuals investing in luxury real estate.
Luxury Real EstateHighnetworth IndividualsMumbai Property MarketJaipur GemsThree Sixty WestReal Estate NewsOct 18, 2025
Three Sixty West, developed by Oberoi Realty Ltd on Annie Besant Road, has been a hotbed of high-value transactions over the past three years. The project has attracted a diverse clientele, including business leaders, entrepreneurs, and startup founders, as well as several high-profile individuals. The property’s prime location, expansive sea views, and five-star services have made it a highly sought-after address.
“Three Sixty West has become the definitive trophy address for India’s richest, given the convergence of prime location, expansive sea views, and five-star services, which are incredibly scarce. The high concentration of deals here creates a powerful network effect; it’s become a vertical billionaire’s enclave and perfectly captures the current market appetite in the luxury housing market,” said Sandeep Reddy, co-founder of Zapkey.
Earlier this year, the Zydus Family Trust, a shareholder in Zydus Lifesciences, purchased a 17,384 sq ft apartment at the project for ₹200 crore. Despite the significant investment, Siddharth Sacheti could not be reached for comment. However, his brother Mithun Sacheti, founder of CaratLane, declined to comment on the deal. In 2023, Mithun Sacheti sold his 27% stake in CaratLane to Titan for over ₹4,621 crore.
The Sacheti brothers come from a family of jewellers. Their father, Padam Sacheti, moved to Mumbai in 1974 to establish what is now an upmarket jewellery store, Jaipur Gems. His sons joined the family business later, continuing the legacy of luxury and craftsmanship. The family’s success in the jewellery industry has now extended to the real estate market, reflecting their strategic investments in high-value assets.
Luxury home sales have seen sustained momentum across the country, with Mumbai and Gurugram leading the way in terms of high-value transactions. The luxury property market in Mumbai, in particular, remains one of the most expensive and competitive, attracting a significant number of high-net-worth individuals looking to invest in premium real estate.
Frequently Asked Questions
What is Three Sixty West?
Three Sixty West is an ultra-luxury property developed by Oberoi Realty Ltd in Worli, Mumbai. It is known for its prime location, expansive sea views, and five-star services, making it a highly sought-after address for high-net-worth individuals.
Who is Siddhartha Sacheti?
Siddhartha Sacheti is the creative director and CEO of Jaipur Gems, a renowned jewellery store in Mumbai. He recently purchased two luxury apartments in Three Sixty West for a total of ₹160 crore.
Why is Three Sixty West considered a 'trophy address'?
Three Sixty West is considered a 'trophy address' due to its prime location, expansive sea views, and five-star services, which are rare in the luxury real estate market. The high concentration of high-value deals at this property has created a powerful network effect, making it a vertical billionaire’s enclave.
What other high-profile individuals have purchased properties in Three Sixty West?
Several high-profile individuals, including business leaders, entrepreneurs, and startup founders, have purchased properties in Three Sixty West. Earlier this year, the Zydus Family Trust bought a 17,384 sq ft apartment for ₹200 crore.
What is the current trend in the luxury real estate market in India?
The luxury real estate market in India has seen sustained momentum, with Mumbai and Gurugram leading in high-value transactions. High-net-worth individuals are increasingly investing in premium properties, driven by the scarcity of prime locations and the desire for luxury living.
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