Shahid Kapoor's Luxury Sea-View Apartment in Mumbai: A ₹60cr Investment
Shahid Kapoor and his wife Mira Rajput Kapoor have purchased a luxury sea-view apartment in Mumbai's Worli area
Shahid KapoorMumbaiOberoi 360 WestLuxury ApartmentReal EstateReal Estate MumbaiMay 28, 2024
The transaction for this 6,176 square feet RERA carpet apartment, which includes three parking spaces, was officially registered last Friday.
Kapoor's new home is part of a larger real estate deal. The apartment, situated on the 24th floor of the Three Sixty West building on Dr. Annie Besant Road, was initially part of a bulk deal in February 2023. Chandak Realtors Pvt Ltd, from whom Kapoor bought the property, had originally acquired it along with 27 other apartments for ₹1,238 crore. The purchase was made from D-Mart owner Radhakishan Damani's immediate family and close associates.
The apartment has witnessed over 50% appreciation in value. The particular apartment was purchased by the Chandak Realty at a price of around ₹65,000 per sqft and it has now been sold at a price of over ₹1 lakh per sqft. This is over 50% appreciation in a period of one year, according to an anonymous real estate consultant.
This is not Kapoor's first investment in the Oberoi 360 West project. In 2018, he purchased an apartment measuring 8,281sq ft for ₹55.6cr and paid a stamp duty of ₹2.91cr. The recent transaction saw the Kapoors paying a stamp duty of ₹1.75cr for their new luxury sea-view apartment.
Kapoor's purchase comes amid a significant increase in luxury home sales across India. According to a report by CBRE South Asia titled India Market Monitor Q4 2023, sales of luxury homes priced above ₹4cr recorded a 75% year-on-year growth in sales in 2023.
Shahid Kapoor is a renowned Bollywood actor who has been active in the industry since 2003. He has appeared in several successful films, including Jab We Met, Kaminey, and Haider. Mira Rajput Kapoor is his wife, whom he married in 2015.
Oberoi Realty is a leading real estate developer in India, known for its luxury residential and commercial projects. The company has developed several iconic projects in Mumbai, including the Oberoi 360 West project.
Frequently Asked Questions
How much did Shahid Kapoor pay for his new apartment?
Shahid Kapoor paid approximately ₹60cr for his new luxury sea-view apartment in Mumbai's Worli area
Which project is Shahid Kapoor's new apartment part of?
Shahid Kapoor's new apartment is part of the Oberoi 360 West project in Mumbai's Worli area
How much appreciation did the apartment see in value?
The apartment witnessed over 50% appreciation in value from ₹65 000 per sqft to over ₹1 lakh per sqft in a period of one year
Is this Shahid Kapoor's first investment in the Oberoi 360 West project?
No this is not Shahid Kapoor's first investment in the Oberoi 360 West project He had previously purchased an apartment in the same project in 2018
What is the current trend in luxury home sales in India?
According to a report by CBRE South Asia sales of luxury homes priced above ₹4cr recorded a 75% year-on-year growth in sales in 2023
Related News Articles
Raheja Developers Faces Insolvency Proceedings After Homebuyers File Petition in NCLT
Raheja Developers, a leading real estate company in Gurugram, India, is facing insolvency proceedings due to complaints from over 40 flat buyers. The National Company Law Tribunal (NCLT) has initiated Corporate Insolvency Resolution Proceedings (CIRP) aft
ORERA in Odisha Flags 60 Defaulting Real Estate Promoters; What You Need to Know
Bhubaneswar: Are real estate buyers in Odisha facing challenges? The Odisha Real Estate Regulatory Authority (ORERA) has raised concerns by releasing a list of 60 defaulting real estate promoters. Here’s what you need to know about the issue and its impli
The Irreplaceable Human Attributes in an AI-Driven World
In an era where AI is becoming increasingly integrated into our daily lives, understanding what makes us uniquely human is more important than ever. This article explores six key attributes that set humans apart from machines, emphasizing the importance o
TCS Acquires Commercial Real Estate Firm in Rs 2250 Crore Deal—Key Details
Tata Consultancy Services (TCS), India's largest IT services exporter, has announced the acquisition of a commercial real estate firm for Rs 2250 crore. This strategic move is expected to bolster TCS's real estate portfolio and enhance its operational cap
India's Real Economy on a Strong Long-Term Trajectory, Says Blackstone’s Stephen Schwarzman
US-based investment giant Blackstone's CEO Stephen Schwarzman has expressed confidence in India's real economy, highlighting its strong long-term prospects. Blackstone, the largest owner of commercial and retail real estate in India, continues to see sign
Mumbai Real Estate: Why Pilots and Investors are Snapping Up Luxury Properties Near Navi Mumbai Airport
The demand for property near Navi Mumbai Airport is not only attracting pilots but also attracting a significant number of investors from West Pune. Discover why this area is becoming a hotspot for luxury plots and villas.