Romesh Sobti a veteran banker, along with his wife had bought two apartments in a Worli high-rise in 2020, he then had paid Rs 76.3 crore. He last month sold one of the flats.

By Varun Singh

Veteran banker Romesh Sobti made headlines in 2020 for his real estate purchase during the lockdown. Romesh Sobti along with his wife Anita had bought two luxurious apartments in Worli.

These two apartments were located on the 39th and the 40th floors of the building named Three Sixty West, Worli. Last month Romesh Sobti sold one of the apartments.

lets first talk about the two apartments that he had bought way back in June 2020. SquareFeatIndia had reported both the deals even then.

Also Read: Slowdown? He paid Rs 76 crore for two flats in Worli

In July 2020, the flats were registered on the names of Romesh Sobti and his wife Anita Sobti. The flats were sold by the developers which includes Oberoi Realty too. The 39th floor flat was sold for Rs 38.15 crore, the area measures 583.53 sq mt. The ready reckoner rate of this flat stands at Rs 34.44 crore. The 40th floor flat was also sold for Rs 38.15 crore, the area of this flat is 561.96 sq mt. The ready reckoner rate for this apartment is Rs 33.19 crore.

Watch this video story on YouTube

Romesh Sobti had paid Rs 4.56 crore as stamp duty for the registration of the flats in June 2020. He along with the flats had also got six car parks in the building.

Now Romesh Sobti, along with his wife has sold the apartment located on the 40th floor of the building. According to registration papers accessed by SquareFeatIndia the documentation regarding the sale was carried out on January 31, 2022, while the registration process was completed on February 22, 2022.

The apartment has been sold for Rs 41.32 crore, whereas the ready reckoner rate of the flat stood at Rs 34.75 crore and a stamp duty of Rs 2.06 crore was paid for the registration of the deal. The new buyer is K Madhavan a resident of Bandra’s Pali Hill area.

The new owner will also have access to three car parking in the building.

A detailed message sent to Romesh Sobti got us no response.

Also Read: Tardeo Flats Sold For Rs 1.18 lakh Per Sq Ft

You May Also Like

Ecstasy Realty and Promoters Face EOW Probe in Alleged ₹600 Crore Financial Fraud

The Economic Offences Wing (EOW) Mumbai has filed an FIR against Ecstasy Realty Private Limited and its promoters for an alleged ₹600 crore financial fraud. The case, initiated by Edelweiss Asset Reconstruction Company Limited (EARCL), involves the alleged diversion of ₹600 crore raised through secured Non-Convertible Debentures (NCDs) meant for the residential project “Parthenon.” The FIR names key individuals including Shobhit J. Rajan, Naresh Bajaj, Pulin Bole, Pranav Bajaj, and Shivani Verma, along with Prabal Infra Agro Farms Pvt. Ltd. and Maharashtra Eco Green Pvt. Ltd. The EOW is currently investigating the misuse of funds and submission of fake utilization certificates.

Stamp Duty Concession What Real Estate Industry Wants?

In 15 days of March more than 10K housing sales took place…

MahaRERA to Hold Monthly Open Houses to Assist Developers with Project Registration

MahaRERA will hold monthly open houses in Nagpur and Pune to assist developers with housing project registrations. Starting January 22 in Nagpur, these sessions will feature senior officials addressing legal, financial, and technical queries, ensuring a smoother registration process for developers outside Mumbai.

Expectations From Union Budget By Real Estate Industry.

The Real Estate Industry is expecting a lot from the Union Budget…