Shahid Kapoor Snaps Up Luxury Sea-View Apartment in Mumbai for ₹60 Crore
Shahid Kapoor and wife Mira Kapoor have purchased a luxury sea-view apartment worth around ₹60 crore in Oberoi 360 West project in Worli
Shahid KapoorLuxury ApartmentMumbaiOberoi RealtyChandak Realtors Pvt LtdReal Estate MumbaiMay 28, 2024
The luxury apartment measures 5,395 sq ft RERA carpet and comes with three parking spaces. The property transaction worth ₹58.66 crore was registered on May 24, 2024. The apartment is located on the higher floor of the high-rise constructed by Oberoi Realty and was purchased by the Kapoors from Chandak Realtors Pvt Ltd.
Chandak Realtors had purchased this apartment at ₹35.31 crore in February 2023, as part of a bulk deal of 28 apartments bought by D’ Mart owner Radhakishan Damani’s immediate family and close associates for a sum of ₹1,238 crore. The apartment has now been sold at a price of over ₹1 lakh per sq ft, indicating an appreciation of over 50% in just one year.
Three Sixty West by Oberoi Realty is a project that features two towers including 4 BHK, 5 BHK, and duplex apartments, along with penthouses. The sea-view project gets its name due to its height of 360 meters, with all apartments facing the west. It is a ready-to-move-in uber luxury housing project.
Kapoors have paid a stamp duty of ₹1.75 crore for the transaction. In 2018, Shahid Kapoor had purchased an apartment in the same building measuring 8,281 sq ft for ₹55.60 crore and paid a stamp duty of ₹2.91 crore.
Meanwhile, sales of luxury homes priced ₹4 crore and above have recorded a 75% Y-o-Y growth in sales in 2023, driven by robust demand. Delhi-NCR has seen the highest surge of 197% Y-o-Y, followed by Pune, Hyderabad, and Mumbai, according to a report by CBRE South Asia Pvt Ltd.
Oberoi Realty is a leading real estate developer in India, known for its luxury residential and commercial projects. Chandak Realtors Pvt Ltd is a prominent real estate company based in Mumbai.
CBRE South Asia Pvt Ltd is a leading real estate consulting firm that provides market research and analysis to the industry.
Frequently Asked Questions
How much did Shahid Kapoor pay for the luxury apartment?
Shahid Kapoor paid around ₹60 crore for the luxury apartment
Where is the luxury apartment located?
The luxury apartment is located in Oberoi 360 West project in Worli Mumbai
How many apartments were purchased by Chandak Realtors in the bulk deal?
Chandak Realtors purchased 28 apartments in the bulk deal
How much stamp duty did the Kapoors pay for the transaction?
The Kapoors paid a stamp duty of ₹1 75 crore for the transaction
What is the average price per sq ft of the luxury apartment?
The average price per sq ft of the luxury apartment is over ₹1 lakh
Related News Articles
Ramky Estates Sets New Standards with Completion of Clubhouse at Ramky One Harmony
Renowned developer Ramky Estates has inaugurated the state-of-the-art Clubhouse of Harmony at Ramky One Harmony in Hyderabad, offering residents a vibrant community space with top-notch facilities.
Maldives President Welcomes Investment in Tourism, Real Estate, and Infrastructure
Maldives President Dr. Mohamed Muizzu has expressed his enthusiasm for welcoming investments in tourism, real estate, and infrastructure, highlighting the strategic potential of these sectors for economic growth and development.
Budget 2025: Strategic Focus on Housing, Real Estate, and Energy Transition
The Budget 2025 highlights India's progressive approach towards sustainable growth, urban transformation, and infrastructural development, particularly in the housing, real estate, and energy sectors.
ONE Group Developers: TriCity’s Most Progressive Developer at Big Impact Awards 2025
ONE Group Developers has been honored with the prestigious 'Most Progressive Developer of TriCity' award at the Big Impact Awards 2025, recognizing their innovative and sustainable projects in the real estate sector.
Aditya Birla Real Estate Targets Rs 2,700 Crore Revenue from New Housing Project in Pune
Birla Estates, a subsidiary of Aditya Birla Real Estate Ltd, is eyeing a significant revenue of Rs 2,700 crore from its latest housing project in Pune. The project is set to transform the real estate landscape in the city, offering a blend of luxury and m
Bombay High Court Praises Mediator After Lodha Brothers Settle ₹5,000 Crore Trademark Dispute
The Bombay High Court has commended a mediator for facilitating a settlement between the Lodha brothers, resolving a long-standing ₹5,000 crore trademark dispute. The agreement includes a real estate component with certain non-compete clauses.