Rajesh Lakhani's Record-Breaking Purchase: A Trendsetter in Mumbai's Luxury Real Estate Market
Rajesh Lakhani, director at Kiran Gems, buys a luxurious 14,911 sq. ft apartment in Mumbai's Oberoi 360 West for INR 97.4 crore.
Mumbai Luxury Real EstateRajesh LakhaniKiran GemsOberoi 360 WestThree Sixty WestReal Estate MumbaiJun 17, 2024
Lakhani's purchase is not an isolated incident in Mumbai's luxury real estate market. The city has been experiencing a period of exceptional performance, with property registrations exceeding 10,000 for the fifth consecutive month. Year-on-year registration growth has been reported for ten straight months, highlighting a sustained upward trend. South and central Mumbai, prime locations with India's most expensive properties, have played a key role in this market's strength. These areas have become a magnet for not only wealthy business leaders but also celebrities seeking a luxurious and secure living environment.
Three Sixty West itself has become synonymous with celebrity residences. Cricket legend Sachin Tendulkar reportedly owns an apartment in the building. Lakhani's arrival further strengthens the project's reputation as a haven for the rich and famous. Interestingly, this isn't the first high-value purchase linked to Kiran Gems. In April 2024, Mavjibhai Patel, another director at the company, bought a luxury apartment on the 47th floor of the same Three Sixty West project for a similar price of INR 97 crore. This suggests a potential trend of diamond industry leaders investing in Mumbai's luxury real estate market.
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Frequently Asked Questions
Who bought the INR 97.4 crore apartment in Oberoi 360 West?
Rajesh Labhubhai Lakhani, a director at Kiran Gems.
What is the size of the apartment purchased by Lakhani?
14,911 sq. ft.
Which complex has become synonymous with celebrity residences in Mumbai?
Three Sixty West
What is the predicted trend for Mumbai's luxury real estate sector?
Continued growth
What is the name of the leading real estate consultancy CEO who commented on the demand for luxury apartments in Mumbai?
Sunil Mishra
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