Mumbai's Luxury Real Estate Market Heats Up: Urjita Master Buys Worli Apartment for ₹105 Crore
In a significant deal that highlights the robustness of Mumbai's luxury real estate market, Urjita Master has recently acquired a lavish apartment in Worli. The property, which is part of a prestigious project by real estate firm Oberoi Realty, has been s
Mumbai Real EstateLuxury PropertyHighnetworth IndividualsOberoi RealtyWorliReal EstateNov 22, 2024
of the TransactionThe apartment, situated in one of Worli's most sought-after locations, boasts an impressive size and a premium price tag. According to the documents, the property measures approximately 709 sq m (7,630 sq ft), with a per sq ft cost of around ₹1.48 lakh. The transaction was registered recently, adding another feather to the cap of Mumbai's luxury real estate market.
About Oberoi RealtyOberoi Realty, a leading real estate developer in Mumbai, has a reputation for delivering high-quality and luxurious properties. With a strong portfolio of residential and commercial projects, the company has consistently been at the forefront of the city's real estate landscape. Their latest deal with Urjita Master further solidifies their position in the luxury segment.
Market InsightsMumbai's luxury real estate market has been on an upward trajectory, driven by a combination of factors including economic growth, increasing wealth, and the desire for premium living spaces. The city's prime locations, such as Worli, continue to attract high-net-worth individuals (HNWIs) and corporate professionals who are willing to invest in premium properties.
Features of the PropertyThe apartment acquired by Urjita Master is no ordinary property. It comes equipped with a range of luxurious amenities and features that cater to the discerning tastes of its new owner. The property includes spacious living areas, high-end finishes, and state-of-the-art security systems. Additionally, residents can enjoy panoramic views of the city skyline and access to world-class amenities in the surrounding area.
Impact on the Real Estate SectorThis high-value transaction has significant implications for the real estate sector in Mumbai. It not only signals a strong demand for luxury properties but also reinforces the city's status as a hub for high-end real estate. The deal is expected to set new benchmarks in terms of property prices and quality, potentially influencing future transactions in the market.
ConclusionThe acquisition of the Worli apartment by Urjita Master is a testament to the enduring appeal of Mumbai's luxury real estate market. It highlights the city's ability to attract significant investments and its position as a preferred destination for the ultra-wealthy. As the market continues to evolve, it is likely that we will see more high-profile deals and the continued growth of the luxury segment.
Frequently Asked Questions
Who is Urjita Master?
Urjita Master is a prominent figure in the business community who has recently made a significant investment in luxury real estate in Mumbai by purchasing an apartment in the Worli area for ₹105 crore.
What is the per sq ft cost of the apartment?
The per sq ft cost of the apartment is around ₹1.48 lakh.
What is the size of the apartment?
The apartment measures approximately 709 sq m (7,630 sq ft).
What is Oberoi Realty?
Oberoi Realty is a leading real estate developer in Mumbai known for delivering high-quality and luxurious properties. They were the developers of the apartment purchased by Urjita Master.
What are the features of the apartment?
The apartment is equipped with spacious living areas, high-end finishes, state-of-the-art security systems, and offers panoramic views of the city skyline and access to world-class amenities in the surrounding area.
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