Urjita Jagdish Master Invests INR 105 Crore in Opulent Mumbai Apartment

Urjita Jagdish Master, a prominent stock market investor and director of Deep Financial Consultants, has recently acquired a luxury apartment in Mumbai for a staggering INR 105 crore. This high-value transaction underscores the robust demand for premium l

Real EstateLuxury ApartmentMumbaiHighvalue TransactionsDeep Financial ConsultantsReal Estate NewsDec 03, 2024

Urjita Jagdish Master Invests INR 105 Crore in Opulent Mumbai Apartment

Real Estate News:Urjita Jagdish Master, a stock market investor and director of Deep Financial Consultants, has made headlines by purchasing a luxury apartment in Mumbai for over INR 105 crore. This acquisition highlights the ongoing trend of high-value property sales in the city, especially in the upscale Worli locality, known for its scenic views and affluent lifestyle.The apartment, located in the prestigious Oberoi Three Sixty West tower on Dr. Annie Besant Road, spans over 7,139 square feet and is situated on the 59th floor. It offers breathtaking views of the Arabian Sea, making it a highly coveted residence. The price per square foot for this apartment stands at approximately INR 1.50 lakh, placing it among the most expensive residential deals in India. The buyer also incurred substantial stamp duty charges of over INR 2.89 crore for the property registration, emphasizing the significant financial commitment involved in such high-end real estate transactions.This acquisition is part of a broader trend in Mumbai's real estate market, where residential property sales have surged to record levels in 2024. Various factors, including low-interest rates, a recovering economy, and a growing demand for luxury living, have contributed to this increase. Recent reports indicate that the top eight cities in India have experienced unprecedented growth in residential property sales, with Mumbai leading the way as the country's most expensive property market.Worli and other central and southern Mumbai areas have become hotspots for luxury real estate, attracting buyers from various sectors, including business, entertainment, and sports. The demand for high-end properties has led to numerous large transactions involving industrialists, corporate executives, and celebrities. This trend reflects a shift in consumer preferences, with many individuals seeking spacious and luxurious living arrangements that offer comfort and exclusivity.Moreover, the luxury real estate market is not limited to individual buyers. Several developers are responding to this demand by launching new projects that cater to affluent clients. These developments often include amenities such as private parking, concierge services, and recreational facilities, further enhancing the appeal of high-end living in Mumbai.As the luxury property market continues to thrive, experts suggest that this trend may persist in the coming years. Factors such as urbanization, the influx of high-net-worth individuals, and the desire for premium living spaces are likely to drive demand. For investors and buyers alike, Mumbai's real estate market presents both opportunities and challenges, making it a focal point for those looking to make significant investments in the property sector.In conclusion, Urjita Jagdish Master's recent purchase not only underscores the vibrancy of Mumbai's luxury real estate market but also reflects the growing trend of high-value transactions in the city. As more individuals seek premium living spaces, the demand for luxury properties is expected to remain strong, shaping the future of real estate in Mumbai and beyond.

Frequently Asked Questions

Who is Urjita Jagdish Master?

Urjita Jagdish Master is a stock market investor and director of Deep Financial Consultants. She recently made headlines for purchasing a luxury apartment in Mumbai for INR 105 crore.

Where is the luxury apartment located?

The luxury apartment is located in the prestigious Oberoi Three Sixty West tower on Dr. Annie Besant Road, Worli, Mumbai.

What is the size of the apartment?

The apartment spans over 7,139 square feet and is situated on the 59th floor, offering breathtaking views of the Arabian Sea.

What is the price per square foot of the apartment?

The price per square foot for the apartment stands at approximately INR 1.50 lakh, making it one of the most expensive residential deals in India.

What factors are driving the growth in Mumbai's luxury real estate market?

The growth in Mumbai's luxury real estate market is driven by factors such as low-interest rates, a recovering economy, and a growing demand for luxury living, attracting buyers from various sectors including business, entertainment, and sports.

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