Three Sixty West, developed by Oberoi Realty, is a luxury residential complex spread across 1.58 acres, offering 4 and 5 BHK ready-to-move-in apartments. Shahid’s new lease agreement, which was registered on November 7, 2024, is for a term of 60 months (five years). The agreement involves an initial security deposit of Rs. 1.23 crore and follows a tiered rental structure, starting at Rs. 20.5 lakh per month. The rent will gradually increase to Rs. 23.98 lakh by the end of the term. Notably, the agreement also includes a rent-free period for the first 10 months.

The property has been leased to Dipan Bhuptani of D’Decor Home Fabrics, a well-known name in the textile industry. This lease marks another example of Bollywood celebrities renting out their luxury properties, with other stars such as Kartik Aaryan, Ranveer Singh, and producer Sajid Nadiadwala also recently following suit.

Beyond his real estate ventures, Shahid Kapoor continues to shine as one of Bollywood’s most versatile actors. His recent performance in Farzi, his digital debut, earned widespread critical acclaim, while his portrayal in Jersey garnered praise and major award nominations. Known for his intense roles in films like Kabir Singh and Haider, Kapoor’s ability to effortlessly navigate across genres has solidified his place as a powerhouse performer in Indian cinema.

Also Read: Shahid Balwa In Uddhav Govt’s Crucial Committee.

The post Shahid Kapoor Leases His Worli Apartment for Over Rs. 20 Lakh Per Month appeared first on Square Feat India.

By Varun Singh

Talk to any developer in the city of Mumbai he would say there’s a slowdown in real estate. Experts are also predicting the same.

On a daily basis there are reports that say real estate prices are crashing. The pandemic due to COVID 19 has caused a slowdown.

However, this deal makes us believe otherwise. On June 24, two deals were registered in the city of Mumbai.

Both the deals were by the same person, and the total cost of the two flats is Rs 76.3 crore. What makes this deal worth a note, is that, for last few months, top developers are holding webinars to discuss ways to overcome the slowdown.

According to registration documents accessed by this reporter, former top bank MD Romesh Sobti paid Rs 76.3 crore to buy two flats in Worli.

Both the flats are located in the building Three Sixty West, Worli. The flats are on 39th and 40th floor of the high-rise.

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.

Sobti a veteran banker was associated with IndusInd Bank for a long period. According to reports he retied from the bank in March this year.

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

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

Earlier this year in March, 2020’s biggest real estate deal was registered in Mumbai’s Lower Parel.

Where Industrialist Neeraj Kochhar paid Rs 136 crore to buy flats spread over four floors of Indiabulls blu.

Also Read: Exclusive: Biggest realty deal of 2020 inked for Rs 136 Crore

The building in which Sobti has bought the flat saw the biggest transaction of the year 2018.

Nirav Bajaj in March 2018 bought a flat measuring above 16,000 sq ft in Worli’s Three Sixty West for Rs 120 crore. 

Even actor Shahid Kapoor and his wife bought a duplex in the same building for Rs 55.60 crore in 2018.

Actor Akshay Kumar, in August 2015, had paid Rs 27.94 crore to buy a flat in Three Sixty West. Also, actor Abhishek Bachchan bought a flat in the same building by paying Rs 41.14 crore in November 2014.

In June actor Hrithik Roshan got an apartment on rent in Juhu for Rs 8.25 lakh per month.

While there’s no denial about slowdown in general. Industry experts believe that for luxury there’s never a slowdown. Firstly such stand alone deals do not define the entire industry situation and secondly those who invest in such high end projects aren’t affected by slowdown.

Also Read: Hrithik Roshan’s rent for this Juhu flat will shock you

The post Slowdown? He paid Rs 76 crore for two flats in Worli appeared first on Square Feat India.