Luxury Mumbai Real Estate: The Sky's the Limit
Mumbai's luxury real estate market continues its upward swing with high-end transactions
Mumbai Real EstateLuxury ApartmentsOberoi Realty360 OneKaran BhagatReal Estate MumbaiMay 28, 2024
The two apartments, spread over an area of 12,896 sq ft, are located on the 45th and 46th floors of the project. Bhagat has paid more than ₹6.44 crore as stamp duty to register the two luxury units.
This is not the only high-end transaction to take place in Mumbai recently. Earlier this month, promoters of Kiran Gems bought a 16,000 sq ft sea-facing apartment in the same project for ₹97.4 crore. In 2023, Welspun Group chairman BK Goenka had purchased a penthouse in the same luxury project at Worli for ₹230 crore, making it the second biggest transaction last year in the city.
The luxury residential housing sales have seen a 151% increase in January-March quarter of 2023, with Mumbai registering a 44% growth year on year while Delhi-NCR witnessed a 216% jump, according to CBRE South Asia Pvt Ltd's 'India Market Monitor Q1 2023' report.
Oberoi Realty is a leading real estate developer in India, known for its high-end residential projects. Three Sixty West is one of its flagship projects, located in Mumbai's posh area Worli. The project has two towers, Tower A with 66 floors and 28 apartments, while Tower B has 90 floors and 256 units including 4BHK, 5BHK, duplex configurations. It also has two penthouses of 11,036 sq ft each.
360 One, formerly known as IIFL Wealth & Asset Management, is a leading wealth management company in India. Its founder and CEO, Karan Bhagat, has made headlines with his recent purchase of two luxury apartments in Mumbai.
About Oberoi Realty: Oberoi Realty is a leading real estate developer in India, known for its high-end residential projects.
About 360 One: 360 One, formerly known as IIFL Wealth & Asset Management, is a leading wealth management company in India.
Frequently Asked Questions
What is the value of the two apartments purchased by Karan Bhagat?
More than ₹170 crore
What is the location of the Three Sixty West project?
Worli Mumbai
Who is the founder and CEO of 360 One?
Karan Bhagat
What is the height of the Three Sixty West project?
360 meters
What is the growth rate of luxury residential housing sales in Mumbai?
44% year on year
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