Luxury Property Sales Soar in Mumbai's Real Estate Market
Revenue from property registrations has risen by 16% year-on-year in Mumbai
Mumbai Real EstateLuxury PropertyOberoi Realty360 OneSahana GroupReal Estate MaharashtraMay 27, 2024
The two apartments are spread over an area of 12,896 sq ft and are located on the 45th and 46th floors of Three Sixty West project. Bhagat has bought one apartment on the 45th floor for ₹85.03 crore and the second apartment on the 46th floor for ₹85.03 crore.
This is not the only luxury property deal to take place in Mumbai recently. 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.
In October 2023, Asha Mukul Agrawal, director at Param Capital Research Pvt Ltd, a leading capital market trading and investment firm, had purchased three apartments in Lodha Group’s luxury project Lodha Malabar in South Mumbai for a sum of ₹263 crore.
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 ‘India Market Monitor Q1 2023’ report released by CBRE South Asia Pvt ltd, a leading real estate consulting firm.
Oberoi Realty is a well-known real estate developer in India, with projects in Mumbai, Thane, and Goa. The company has a strong track record of delivering luxury projects, including Three Sixty West, which is a ready-to-move-in uber luxury housing project.
360 One is a leading wealth management company in India, with a focus on providing financial solutions to high net worth individuals and families.
Oberoi Realty is a leading real estate developer in India, with a focus on delivering luxury projects in Mumbai, Thane, and Goa.
Sahana Group is a leading developer in Mumbai, with a focus on delivering luxury residential projects.
Frequently Asked Questions
Who is the founder of 360 One?
Karan Bhagat is the founder and CEO of 360 One
How much did Karan Bhagat pay for the two apartments in Three Sixty West?
Karan Bhagat paid more than ₹170 crore for the two apartments in Three Sixty West
What is the name of the luxury project developed by Oberoi Realty in Mumbai?
Three Sixty West is the luxury project developed by Oberoi Realty in Mumbai
How much did Welspun Group chairman BK Goenka pay for the penthouse in Three Sixty West?
Welspun Group chairman BK Goenka paid ₹230 crore for the penthouse in Three Sixty West
What is the growth rate of luxury residential housing sales in Mumbai?
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
Related News Articles
How New Infrastructure Developments Are Revolutionizing Mumbai's Real Estate Market
Mumbai's real estate market is on the cusp of a significant transformation, driven by a wave of new infrastructure developments. Metro lines, coastal roads, and new flyovers are not only enhancing connectivity but are also reshaping the city's property la
Microsoft's Rs 519 Crore Investment in Pune: A New Tech Hub Emerges
Microsoft invests in India's commercial real estate market with a significant purchase in Pune's Hinjewadi, a major IT hub.
Indian Real Estate Investment Trusts Association Launches Data Benchmarking Institutions for Reit Investors
The Indian Real Estate Investment Trusts Association (IRA) has launched three data benchmarking institutions (DBIs) to empower Reit investors with critical information.
Luxury Home Sales Boom by 37.8% in Jan-Sep 2024: CBRE Report
Luxury property sales in India saw a significant surge of 37.8% YoY in the first nine months of 2024, with key cities like Delhi-NCR, Mumbai, and Hyderabad leading the growth. The report by CBRE South Asia highlights the increasing preference for high-end
Pune's Water Crisis: appName PMC's Struggle with Tanker Demands and Infrastructure
The Pune Municipal Corporation (PMC) is grappling with a significant increase in water tanker demands, reflecting the city’s ongoing water supply infrastructure issues, especially in newly merged areas.
HYDRA Launches Website to Simplify Real Estate Queries
HYDRA, a leading real estate consultancy, has launched a new platform, HRCSIndia.com, to provide free, verified legal and loan-related information to property buyers and sellers. This initiative aims to bring transparency and clarity to the often complex real estate sector.