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
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