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

The post Home sold in Worli for ₹151 Crore appeared first on Square Feat India.

By Varun Singh

When an year ends we look back at achievements, downfalls and many other things that makes one remember the year gone by.

In real estate, what matter the most is sale of homes and Mumbai, Delhi, Hyderabad and other prominent cities of the country witnessed many expensive deals.

Here we are listing the top 10 most expensive deals of the year 2021. These are all above Rs 100 crore and one amongst them is worth Rs 1001 crore too.

Here it is:

No 1: D Mart Owner Radhakishna Damani along with Gopikishan Damani paid Rs 1001 crore to buy a two storey property in Malabar Hill. The deal was registered on March 31. The property measures a whooping 5752.22 square meters, which translates into 61,916 square feet.

Read More: D Mart Founder Buys Malabar Hill Property For Rs 1000 Crore

No 2: Real estate tycoon Raheja family, bought three duplexes spread over five floors comprising of 18 apartments in Worli’s Artesia building for Rs 427.81 crore. The total area when calculated comes to 6202 square meters. This translates into 66811 square feet. This deal was registered in April 2021.

Read More: 3 Duplexes Comprising Of 18 Flats, 42 Parking, Sold In Worli For Rs 427 Crore

No 3: JK Paper Ltd, bought a 3,731-square yard bungalow on Prithviraj Road in Lutyens Bungalow Zone for Rs 253 crore in one of the biggest transactions in Delhi.

No 4: Sanitary ware company Jaquar Group purchased three farmhouses in Delhi’s Westend Greens for around Rs 235 crore. The farmhouses bought by the company are spread over 2.5 acres each.

No 5: Panhar bungalow in Worli was sold to a Surat-based diamond firm headed by Ghanshyambhai Dhanjibhai Dholakia for Rs 185 crore. Panhar bungalow’ consists of a basement and ground-plus-six storeyed structure located opposite Worli sea face, one of the sought-after locations in Mumbai. It occupies an area admeasuring 19,886 square feet.

No 6: Aakash Educational Services Ltd founder J C Chaudhry has bought a 2,000 square-yard property in South Delhi’s Vasant Vihar for around Rs 150 crore.

No 7: Anil Gupta, chairman and managing director of KEI Industries, manufactures of cable and wire, bought a 2000 square yard property at Delhi’s Shanti Niketan for Rs 140 crore.

No 8: Pranabh Mody and Purbi Asher, of J B Chemicals & Pharmaceuticals, bought two sea-view luxury apartments in JSW Realty’s under-construction project Morena House in South Mumbai’s Carmichael Road for Rs 138 crore. Mody, bought the apartment spread over 5,341 sq ft on the 5th floor for Rs 70 crore, his sister Asher bought the 5,284-sq-ft apartment on the 4th floor for Rs 68 crore.

No 9: Shailesh Dalmia and his wife Natasha bought four sea-view luxury apartments in under-construction high rise in Artesia building, Worli for Rs 125 crore. All four apartments are spread over nearly 11,000 sq ft on the 33rd floor.

No 10: Abeey’s Realcon LLP of Avinash Bhosale invested Rs 103.8 crore to buy a duplex in the building Sesen, Napeansea Road, the duplex is spread on the 53rd and 54th floor of the building. The total carpet area of the duplex is 7118 square feet and the terrace measures 3503 square feet.

Read More: Avinash Bhosale Buys Rs 103 Crore Duplex In Mumbai

There are other many deal that took place in several cities of the country. However, we restricted ourselves to the top 10 real estate deals, where the consideration amount was above Rs 100 crore.

Most of the deals were reported by documents provided by Zapkey.com, to SquareFeatIndia.com

Also Read: Bhushan Kumar Of T-Series Paid Rs 167 Crore For Juhu Bungalow

The post 10 Most Expensive Real Estate Deals of India in 2021 appeared first on Square Feat India.