In a remarkable display of opulence, Rajesh Labhubhai Lakhani, a director at the real estate firm Woodstock Estate LLP, along with his family members, has acquired a lavish sea-view apartment in Mumbai's prestigious Worli area. The transaction, which was finalized for an impressive ₹97.40 crore, was documented on May 29, 2024, according to records obtained by Zapkey.
The newly acquired property is part of the Three Sixty West project, a symbol of luxury and architectural brilliance in Mumbai. Situated on the 44th floor, the apartment boasts an expansive area of 14,911 square feet. Additionally, the purchase includes an extra 884 square feet and seven dedicated parking spaces, ensuring ample room for the family's vehicular needs.
The apartment has been bought by Rajesh Labhubhai Lakhani, Saroj Rajesh Lakhani, and Vimal Labhubhai Lakhani. Rajesh Lakhani is closely associated with the promoters of Kiran Gems, a prominent name in the gem industry. Interestingly, this family has a penchant for luxury real estate, as evidenced by their recent acquisition of another sea-facing apartment in the Oberoi 360 West project for the same amount of ₹97.4 crore.
Three Sixty West is a landmark project that redefines luxury living in Mumbai. Its prime location in Worli offers breathtaking views of the Arabian Sea, making it one of the most sought-after residential addresses in the city. The project includes a range of top-tier amenities and is designed to provide an unparalleled living experience to its residents.
The transaction details were meticulously documented, showcasing the transparency and magnitude of the deal. The seller, Oasis Realty, facilitated the sale, adding another prestigious transaction to their portfolio.
The real estate market in Mumbai continues to thrive with such high-value transactions, reflecting the city's status as a hub for luxury living and prime real estate. The acquisition by the Lakhani family further cements their status in the elite circles of Mumbai's society.
The purchase of this luxury apartment by Rajesh Labhubhai Lakhani and his family is a testament to their success and affinity for exclusive real estate. As Mumbai continues to develop and attract high-net-worth individuals, properties like those in the Three Sixty West project will remain coveted. This transaction not only highlights the robustness of the city's real estate market but also sets a benchmark for future high-value property deals.
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