Mumbai's Luxury Real Estate Market Sees Another Big Deal: Ebco Pvt Ltd Promoter Buys ₹115 Crore Apartment
Ashley Nagpal, promoter of Ebco Pvt Ltd, and his wife Bianca Nagpal have purchased a 7,139 sq ft apartment in Mumbai's Worli area for ₹115 crore.
Mumbai Luxury Real EstateOberoi RealtyEbco Pvt LtdAshley NagpalBianca NagpalReal Estate MumbaiSep 02, 2024
The luxury apartment, located on the 60th floor of Oberoi Three Sixty West, a project by Oberoi Realty, has been sold for ₹1.60 lakh per sq ft. The transaction, which was registered on August 28, 2024, comes with five car parking spaces.
The project, which received its occupation certificate in 2022, comprises two towers and includes 4 BHK and 5 BHK units, as well as duplex apartments and penthouses. The sea-view project, which presumably gets its name because its height is 360 meters and all apartments face the west, has been a favorite among Bollywood stars and noted personalities.
Bollywood actors Shahid Kapoor and Abhishek Bachchan, D'Mart's Radhakrishna Damani, and Everest Masala Group’s promoter Vadilal Bhai Shah are some of the notable owners of sea-facing luxury apartments in Oberoi Realty's Three Sixty West project.
The sale of luxury homes priced ₹10 crore and above has seen an 8% increase in the first half of the 2024 calendar year, with ₹12,300 crore worth of sales recorded during the January to June period, according to a report by India Sotheby's International Realty and CRE Matrix.
Worli led the charge, accounting for 37% of the overall luxury sales value, while Goregaon East saw a noteworthy 1,444% increase along the metric, the report noted.
About Oberoi Realty
Oberoi Realty is a leading real estate developer in India, with a presence in Mumbai, Pune, and other cities. The company has developed several iconic projects, including Oberoi Three Sixty West, which has become a benchmark for luxury living in Mumbai.
Information
The luxury real estate market in Mumbai has seen a surge in demand in recent years, with many high-end buyers looking for premium properties in the city. The market has seen several big deals in recent months, with many luxury apartments changing hands for crores of rupees.Ebco Pvt Ltd is a leading furniture fittings and accessories firm, with a presence in several cities across India. The company has been in business for several years and has established itself as a major player in the industry.
Frequently Asked Questions
Who has purchased the ₹115 crore apartment in Worli?
Ashley Nagpal, promoter of Ebco Pvt Ltd, and his wife Bianca Nagpal have purchased the apartment.
Which project is the apartment located in?
The apartment is located in Oberoi Three Sixty West, a project by Oberoi Realty.
How much was the apartment sold for per sq ft?
The apartment was sold for ₹1.60 lakh per sq ft.
What is the total value of luxury homes sold in Mumbai in the first half of 2024?
₹12,300 crore worth of luxury homes were sold in Mumbai in the first half of 2024.
Which area led the charge in luxury sales in Mumbai?
Worli led the charge, accounting for 37% of the overall luxury sales value.
Related News Articles
Keystone Realtors Raises Rs 800 Crore from Institutional Investors
Mumbai-based Keystone Realtors has raised Rs 800 crore by selling shares to institutional investors
Kerala Police Hand Over Mami Missing Case to Crime Branch to Avoid CBI Probe
The Kerala police have handed over the missing case of Mohammad Attur, a prominent real estate businessman, to the Crime Branch to prevent a CBI investigation.
Home Sales in Noida and Greater Noida Increase by 6% in Q3 2024
The residential property market in Noida and Greater Noida witnessed a 6% surge in registrations during the July-September quarter, with a total of 8,128 units sold, according to real estate consultant Square Yards.
Mumbai Real Estate Market Sees Significant Growth in 2024 with 1.41 Lakh Registrations
Mumbai's real estate market is on track to register 1,41,302 property registrations in 2024, marking an 11% increase from the previous year. The market is showing resilience and a growing preference for premium and spacious homes.
2025 Outlook: The Future of Commercial Real Estate in Tier-II and Tier-III Cities
In 2025, we can expect a significant rise in commercial real estate activity in Tier-II and Tier-III cities across India, driven by factors such as low operating costs, ample space, skilled talent, and infrastructure development.
Maharashtra's Transport Minister Pratap Sarnaik Invites CREDAI to Develop MSRTC Land
The Maharashtra Transport Minister, Pratap Sarnaik, has called on the Confederation of Real Estate Developers’ Associations of India (CREDAI) to participate in the development of 1,360 hectares of land owned by the Maharashtra State Road Transport Corpora