Jaipur Gems CEO Acquires Two Ultra-Luxury Flats in Mumbai’s Worli for ₹160 Crore
Siddhartha Sacheti, CEO of Jaipur Gems, has purchased two apartments in the prestigious Three Sixty West development in Mumbai's Worli. The deal, worth ₹160 crore, highlights the growing trend of luxury home sales in the city.
Luxury Real EstateMumbaiHighnetworth IndividualsUltraluxury PropertyThree Sixty WestReal EstateOct 18, 2025
Three Sixty West, developed by real estate giant Oberoi Realty Ltd, has become a hot spot for high-net-worth individuals. The project, located on Annie Besant Road, has seen a series of big-ticket transactions over the past three years. The buyers include prominent business leaders, entrepreneurs, and startup founders.
‘Trophy 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, acquired a 17,384-square-foot apartment at the project for ₹200 crore. Despite efforts to reach out, Siddharth Sacheti could not be immediately contacted for comment. His brother, Mithun Sacheti, the 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 later joined the family business, continuing its legacy of luxury and craftsmanship.
Luxury home sales have seen sustained momentum across the country, but Mumbai, known as the most expensive property market, and Gurugram have witnessed the highest number of transactions. This trend highlights the growing demand for premium properties among the ultra-wealthy, driven by factors such as prime locations, exceptional amenities, and the prestige associated with owning a property in these areas.
Frequently Asked Questions
What is Three Sixty West?
Three Sixty West is an ultra-luxury property development located in Worli, Mumbai. It is known for its prime location, expansive sea views, and five-star services, making it a highly sought-after address among the ultra-wealthy.
Who is Siddhartha Sacheti?
Siddhartha Sacheti is the creative director and CEO of Jaipur Gems, a renowned upmarket jewellery store. He recently purchased two 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 in Worli, Mumbai, its expansive sea views, and its five-star services. These features, coupled with the high concentration of high-net-worth individuals living there, make it a prestigious and desirable location.
What other high-profile transactions have taken place at Three Sixty West?
Earlier this year, the Zydus Family Trust, a shareholder in Zydus Lifesciences, purchased a 17,384-square-foot apartment at Three Sixty West for ₹200 crore. This is just one of several high-profile transactions that have occurred at the property.
What is the current trend in luxury home sales in Mumbai?
Mumbai, being the most expensive property market in India, has seen a sustained momentum in luxury home sales. The trend is driven by the demand for prime locations, exceptional amenities, and the prestige associated with owning a property in these areas.
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