A home spread over two floors in a luxury realty project was sold for ₹151 crore recently here’s all the details.
By Varun Singh
Luxury real estate is doing good in Mumbai and here’s yet another example to prove it.
A home spread over two floors in a luxury building in Mumbai’s Worli was recently sold for ₹151 crore.
The deal took place in the luxury realty project Three Sixty West, which is home to several top business and Bollywood celebrities.
According to documents made available by Indextap.com, the deals were registered on September 8, 2022.
The first flat is located on the 58th floor of the building, where as the second one is on the 59th floor. (These are 42nd and 43rd habitable floors of the building).
Each flat costs ₹75.5 crore and measures 8,036 sq ft, thus taking the total consideration of the apartment to ₹151 crore and the total area to 16,072 sq ft.
The stamp duty paid for the registration of both the apartments is ₹9.06 crore.
The buyer here is a firm named IGE (India) Pvt ltd, whereas the seller is Oasis Realty.
Along with the home the new occupants of the flats will have an access to 6 car parks.
This property received its Occupancy Certificate (OC) last month, and experts say that because of this too the prices of home in the building has seen a considerable rise.
“On checking the transactions of project 360 West we saw most sale transactions in years 2020-2021 were in the range of ₹65,000-₹70,000 per sq ft wherein a 7,530 sqft appartment traded at approx. ₹47-50Cr. This project received its OC last month, post which the project has seen phenomal rise in tradead value. The recent transaction in September 2022 of unit size of 8,036 sq ft traded at ₹75.5cr, which is approx. 95,000 per sq ft. Once again, this reiterates that HomeBuyers prefer Ready Properties and there is still an unsatiated appetite of luxury homes in Mumbai,” said Abhishek Kiran Gupta, CEO & Co-founder, Indextap.com
This building in the past has seen some major big ticket deals.
In March 2018, industrialist Niraj Bajaj had paid ₹120 crore for a flat on the 50th floor of Three Sixty West.
In the same year that is 2018, Shahid Kapoor had bought a flat on the 42nd & 43rd floor of the building for ₹55.6 crore.
In September 2020, BJP MLA Kirti Kumar (Bunty) Bhangdiya from Chimur constituency in Vidarbha’s Chandrapur district bought a flat on the 26th floor of this building for ₹42.5 crore.
In November 2021, Umesh Dharnidharka and Nisha Dharnidharka, well known faces of Mumbai’s business circle paid ₹51 crore for a flat on the 30th floor of the building.
Also Read: Romesh Sobti sold a flat for Rs 41.32 Cr which he had bought in 2020 for Rs 38.15 Cr
