Mumbai: Great White Global Buys Two Luxurious Apartments in Oberoi 360 West, Worli for ₹225 Crore
The prestigious apartments, each spanning 8041 sq ft, are valued at Rs 112.55 crore each. The company also paid a stamp duty of Rs 4.41 crore for one of the apartments situated in the Oberoi 360 West, Worli, Mumbai.
Luxury Real EstateMumbaiGreat White GlobalOberoi 360 WestWorliReal Estate MaharashtraOct 29, 2024
of the DealThe two apartments, each measuring 8041 square feet, are situated in the iconic Oberoi 360 West, a high-rise residential complex known for its opulence and prime location. Each apartment is valued at Rs 112.55 crore, making them some of the most expensive residential units in the city. The company also paid a stamp duty of Rs 4.41 crore for one of the apartments, reflecting the high value and demand for such properties in Mumbai.
About Great White GlobalGreat White Global is a leading corporation with a diversified portfolio that spans across various industries, including finance, technology, and real estate. The company is known for its strategic investments and forward-thinking approaches, which have helped it establish a strong presence in the global market. With this purchase, Great White Global further cements its position in the luxury real estate sector, aligning with its vision to invest in high-value, high-potential assets.
Significance of the LocationThe Oberoi 360 West, located in Worli, is one of the most sought-after residential complexes in Mumbai. It offers a panoramic view of the city's skyline and the Arabian Sea, making it a prime choice for luxury living. The area is also well-connected to major business districts, entertainment hubs, and educational institutions, making it an ideal location for both residents and investors.
Market Trends and Future ProspectsThe luxury real estate market in Mumbai has been witnessing a steady growth over the past few years. Factors such as the increasing preference for high-end living, coupled with the scarcity of premium land, have driven up property values. Great White Global's investment in the Oberoi 360 West is a clear indication of the company's confidence in the market's future potential.
ConclusionThe acquisition of these two luxurious apartments by Great White Global in the Oberoi 360 West, Worli, is a significant milestone in the company's expansion strategy. It not only enhances its real estate portfolio but also positions it as a key player in the luxury segment. As the market continues to evolve, such strategic investments are expected to yield substantial returns in the long run.
Frequently Asked Questions
How much did Great White Global pay for the two apartments in the Oberoi 360 West?
Great White Global paid a total of ₹225 crore for the two apartments in the Oberoi 360 West, Worli.
What is the size of each apartment purchased by Great White Global?
Each apartment purchased by Great White Global measures 8041 square feet.
Where is the Oberoi 360 West located?
The Oberoi 360 West is located in Worli, Mumbai, a prime location known for its luxury properties and panoramic views.
What other industries does Great White Global operate in?
Great White Global operates in various industries, including finance, technology, and real estate.
Why is the location of Oberoi 360 West considered prestigious?
The location of Oberoi 360 West is considered prestigious due to its prime position in Worli, offering panoramic views of the city skyline and the Arabian Sea, as well as its proximity to major business districts and amenities.
Related News Articles
Bengaluru Real Estate Market Sees Unparalleled Growth with Record Sales
Bengaluru's residential real estate market is booming, with a record sale of 18,550 units in the last financial quarter, driven by the city's thriving IT sector and infrastructure upgrades.
Unleashing the Potential of Tier 2 Cities in India: The Impact of Global Real Estate Trends
Discover how global real estate trends are transforming India's Tier 2 cities, offering unparalleled opportunities for investors and residents alike.
CapitaLand Investment Limited Eyes SGD 15 Billion Investment in India by 2028
CLI to double its current SGD 7.4 billion investment in India, exploring opportunities in renewable energy and real estate private credit.
India's Real Estate Sector Witnesses Record-High Investments in 2024
Mumbai, Bengaluru, and Chennai lead the way, while Delhi-NCR, Pune, and Hyderabad also see notable investment activity. Domestic investors play a significant role, contributing 79% of the total equity during the quarter.
Chennai's Real Estate Evolution: 75-Fold Growth in Office Space Driven by IT and GCCs
Chennai has witnessed a dramatic 75-fold increase in office space over the past 25 years, primarily driven by the IT sector and the rise of Global Capability Centres (GCCs). The state now holds a 12% share of India's GCC market, with a significant 15% pre
Residential Real Estate Sales Expected to Surge 17% in FY25: Ind-Ra
The rating agency, Ind-Ra, has maintained a neutral outlook for the residential real estate sector for FY26, predicting a 17% growth in sales. Key regions like the Mumbai Metropolitan Region are expected to lead this growth.