Luxury Living: Karan Bhagat's ₹170 Crore Apartment Purchase in Mumbai's Worli
Mumbai's real estate market sees a staggering purchase of ₹170 crore by 360 ONE's founder-CEO Karan Bhagat in Worli.
Mumbai Real EstateLuxury Apartments360 OneKaran BhagatOberoi RealtyReal Estate MumbaiMay 28, 2024
The luxury apartments, spread over 12,900 sq ft, are located on the 45th and 46th floors of Oberoi Realty's Three Sixty West project on Dr. Annie Besant Road. With this purchase, Bhagat has demonstrated his wealth and taste for luxury living.
For the uninitiated, Mumbai's real estate is an exorbitant affair. According to No Broker, the average price of a 1BHK in the city is in excess of ₹65.5 lakh. A 2BHK could cost a buyer around ₹1.5 crores, and a 4BHK could cost someone around ₹9 crores.
360 ONE, formerly IIFL Wealth Management, is one of the largest asset and wealth management companies in India, with over $56.3 billion in assets under management. Karan Bhagat, an IIM graduate, is the founder-CEO of the company.
Oberoi Realty is a leading real estate developer in India, known for its luxury residential and commercial projects. Its flagship project, Three Sixty West, is a premium residential complex located in Worli, Mumbai.
Frequently Asked Questions
Who is the founder-CEO of 360 ONE? A: Karan Bhagat Q: What is the worth of the luxury apartments purchased by Karan Bhagat? A: ₹170 crore Q: Where are the luxury apartments located? A: Worli Mumbai in Oberoi Realty's Three Sixty West project Q: What is the average price of a 1BHK in Mumbai? A: ₹65 5 lakh Q: What is the approximate worth of assets under management by 360 ONE? A: $56 3 billion
Answer not available
Related News Articles
Godrej Properties Expands its Footprint in Pune and Bengaluru with New Land Acquisitions
Godrej Properties, Pune projects, Bengaluru projects, residential, real estate, India
Arkade Developers Makes a Strong Stock Market Debut with 30% Surge in Share Price
Arkade Developers' stock market debut, IPO, share price, real estate, Mumbai, BSE, NSE
Amazon Acquires 38 Acres in Ambernath, Mumbai for Rs 450 Crore
In a significant real estate move, Amazon India has finalized the purchase of 38 acres of land in Ambernath, Mumbai, for Rs 450 crore. The deal, which was sealed on November 12, 2024, includes a stamp duty payment of Rs 27 crore. This acquisition undersco
Maharashtra Government Considers 10% Hike in Ready Reckoner Rates; Real Estate Sector Expresses Concerns
The Maharashtra government is considering a 10% increase in the Ready Reckoner (RR) rates, the benchmark for property valuation, potentially taking effect from April 2024. The move aims to boost state revenue but has raised concerns among real estate stak
Mumbai's Iconic Laxmi Nivas Bungalow Finds New Owner for a Whopping Rs 276 Crore
Mumbai's prestigious Malabar Hill area has seen a significant real estate transaction with the sale of the iconic Laxmi Nivas bungalow for a staggering Rs 276 crore. The property, known for its opulence and historical significance, has found a new owner,
Aditya Birla Real Estate: FY25 Booking Value Surges to ₹8000 Crore, More Than Doubles YoY
Aditya Birla Real Estate achieved significant growth in FY25, with a booking value of ₹8000 crore, marking more than a 100% increase year-on-year. The Bengaluru market played a crucial role with multiple launches, and Birla Estates made its debut in Pune with five new projects.