Luxury Living: Rare Enterprises CEO Utpal Sheth Buys ₹123 Crore Sea-View Apartment in Worli
Mumbai's upscale Worli locality sees a major real estate deal as Rare Enterprises CEO Utpal Sheth purchases a luxurious sea-view apartment for over ₹123 crore.
Mumbai Real EstateLuxury ApartmentsRare EnterprisesUtpal ShethOberoi RealtyReal Estate MaharashtraSep 21, 2024
He made this purchase jointly with two family members. The acquisition was finalised on September 15, with a stamp duty payment of approximately ₹7.40 crore. The luxury apartment was bought from Skylark Buildcon and Moon Rays Realty, part of the Oasis Realty joint venture, which has developed the Oberoi Three Sixty West project.
This project includes not only luxury residences but also The Ritz-Carlton Hotel. The deal comes with other perks such as seven parking slots within the tower. South and Central Mumbai are known for housing the country’s most expensive apartments, have been at the forefront of this real estate surge. These micro-markets have attracted numerous high-profile buyers, including industrialists, corporate leaders, and celebrities.
The Oberoi Three Sixty West project is a prime example of luxury living in Mumbai. With its stunning sea views and world-class amenities, it's no wonder that it has caught the attention of high-net-worth individuals like Utpal Sheth. The project's proximity to the city's financial hub and entertainment districts makes it an ideal location for those who want to experience the best of Mumbai.
About Rare Enterprises
Rare Enterprises is a privately held investment firm founded by Rakesh Jhunjhunwala and Utpal Sheth. The firm invests in a variety of assets, including stocks, real estate, and startups. With a focus on long-term growth and value creation, Rare Enterprises has established itself as a major player in the Indian investment landscape.
About Oberoi Realty
Oberoi Realty is a leading real estate developer in India, known for its luxury residential and commercial projects. The company has developed several iconic projects in Mumbai, including the Oberoi Three Sixty West. With a focus on quality, design, and customer satisfaction, Oberoi Realty has become a trusted name in the Indian real estate industry.
Frequently Asked Questions
Who is Utpal Sheth?
Utpal Sheth is the senior partner and CEO of Rare Enterprises, a privately held investment firm.
How much did Utpal Sheth pay for the apartment?
Utpal Sheth paid over ₹123 crore for the luxurious sea-view apartment in Worli.
What is the location of the apartment?
The apartment is located on the 54th floor of the Oberoi Three Sixty West project in Worli, Mumbai.
What are the amenities offered by the Oberoi Three Sixty West project?
The project offers luxury residences, The Ritz-Carlton Hotel, and seven parking slots within the tower.
Who is the developer of the Oberoi Three Sixty West project?
The project is developed by Oasis Realty, a joint venture between Skylark Buildcon and Moon Rays Realty.
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