In a grand real estate move, Bollywood heartthrob Shahid Kapoor and his wife, Mira Kapoor, have acquired a luxurious apartment in Mumbai's coveted Oberoi 360 West project in Worli for a staggering ₹59 crore. This purchase marks the couple's second investment in the esteemed Three Sixty West development by Oberoi Realty.
Details of the Transaction
The registration documents accessed from IndexTap.com reveal that the property transaction was valued at ₹58.66 crore and officially registered on May 24, 2024. The apartment, situated on a higher floor within the Oberoi 360 West high-rise, was purchased from Chandak Realtors Pvt Ltd. Notably, Chandak Realtors had acquired this apartment for ₹35.31 crore in February 2023, indicating a significant appreciation in value.
Project Overview and Pricing Trends
The Three Sixty West project by Oberoi Realty boasts two towers featuring 4 BHK, 5 BHK, and duplex apartments, including penthouses. With all residences offering breathtaking sea views and facing the west, the property stands at a remarkable height of 360 meters. The upscale project has garnered attention for its exclusive uber luxury housing offerings.
Real estate experts noted that the apartment was initially bought by Chandak Realty for around ₹65,000 per sq ft and was later sold to the Kapoor at a price exceeding ₹1 lakh per sq ft. This spike in value represents over a 50% appreciation within just a year, showcasing the allure and investment potential of high-end properties.
Stamp Duty and Previous Investment
As part of the transaction, the Kapoors paid a stamp duty of ₹1.75 crore, as indicated in the documents. Notably, in 2018, Shahid Kapoor had previously purchased an 8,281 sq ft apartment in the same building for ₹55.60 crore, accompanied by a stamp duty of ₹2.91 crore, underscoring the couple's continued investment interest in the luxurious Oberoi 360 West project.
This latest real estate acquisition reflects Shahid Kapoor and Mira Kapoor's penchant for exclusive living spaces and strategic investments in Mumbai's upscale real estate landscape.
News Articles
Other Real Estate News Articles