yatin shahCo-founder of financial services firm 360 onehas acquired a sea-view penthouse in one of the super-luxury residential towers on Dr. Annie Besant Road. Mumbaiis luxurious worli Locality for over Rs 158.51 crore.
The buyer along with his wife has acquired the luxury duplex apartment spread over 10,312 sq ft on the top two floors of a residential tower from a development company. Prime Realty LLP It counts politician and industrialist Praful Patel and his family members among its directors.
The deal is valued at around Rs 1.54 lakh per square foot, placing it at the top of the list of most expensive deals on a per square foot basis in the country.
Documents obtained through Zapkey.com show that the buyer has paid over Rs 9.51 crore as stamp duty charges alone for the registration of the deal that took place on October 30, while the transaction was finalized on October 28. Had gone.
The property covers the entire 29th and 30th levels, effectively occupying two habitable floors in the tower. The 29th level, with 5,513 square feet of space, includes living areas, while the 30th level, with 4,799 square feet, has a private terrace spanning 7,355 square feet.
ET’s email queries to Shah’s team and the project’s developer remained unanswered at the time of going to press.
Shah is also the CEO of 360 ONE’s wealth business.
360 One WAM, founded by Karan Bhagat and Shah, is listed on stock exchanges and is one of India’s largest wealth and asset firms. 360 ONE is an investment and financial advisor to over 7,500 relevant households in the High Net Worth Individuals (HNI) and Ultra HNI segments with over $68 billion of total assets under management.
Residential property sales in the top eight cities reached an all-time high in 2023 and continue to perform well so far this year due to strong demand in the mid-income, premium and luxury segments.
Mumbai has been leading the way as the country’s largest and most expensive property market as it continues its record-setting spree in terms of property deals.
South and central Mumbai, home to India’s most expensive apartments, are playing a key role in driving this performance. The last few years witnessed several large transactions involving industrialists, top corporate executives, actors and sports personalities in micro markets.
