In a high-profile real estate transaction, Shreegopal Kabra, the promoter of RR Kabel Ltd, and his family have acquired two luxury apartments in Mumbai’s upscale Worli area for a staggering ₹198 crore. The properties, located on the 62nd floor of the prestigious Oberoi Three Sixty West, a luxury residential development by Oberoi Realty, span a combined area of 13,809 square feet.
The apartments were purchased at an eye-watering rate of ₹1.43 lakh per square foot, making it one of the most significant residential deals in Mumbai’s luxury real estate market this year. The deal, which was finalized and registered on October 29, 2024, also includes 10 car parking spaces. According to the documents, a total stamp duty of ₹7.29 crore and a registration fee of ₹60,000 were paid for the two apartments.
The first apartment, measuring 7,167 square feet, was acquired by Rajesh Kabra and Monal Kabra for ₹102.76 crore. This unit includes five car parking spaces and is located on the same floor as the second apartment, which covers 6,642 square feet and was bought for ₹95.40 crore by Shreegopal Kabra and Kritidevi Kabra, who also received five car parking spaces.
The Oberoi Three Sixty West project, developed by Mumbai-based Oberoi Realty, is known for its high-end amenities and stunning views of the Arabian Sea. The project, which received its occupation certificate in 2022, includes both 4 BHK and 5 BHK apartments, along with duplexes and penthouses, catering to Mumbai’s ultra-wealthy clientele.
This isn’t the first luxury real estate purchase by the Kabra family. In November 2019, Shreegopal Kabra and his family acquired a duplex on the 42nd floor of the same building, spanning 5,339 square feet, for ₹56 crore.
Notable Buyers at Oberoi Three Sixty West
Several high-profile personalities have also invested in apartments at the Oberoi Three Sixty West project. Bollywood actor Shahid Kapoor, along with his wife Mira Kapoor, purchased a 5,395 square foot apartment in the luxury complex for approximately ₹60 crore in May 2024. Other prominent buyers include D’Mart founder Radhakrishna Damani, Everest Masala Group promoter Vadilal Bhai Shah, and furniture fittings tycoon Ashley Nagpal, all of whom have secured sea-facing luxury homes in the same development.
Also Read: Oberoi Realty to acquire residential premises in Three Sixty West Valued at Rs 4k Cr
