?105-Crore Luxury Apartment Deal

27 Nov 2024 CW Team

Urjita Jagdish Master, a prominent stock market investor and director of Deep Financial Consultants, has acquired a sea-view luxury apartment in Mumbai's upscale Worli locality for over ?105 crore. Situated on the 59th floor (43rd habitable floor) of Oberoi Three Sixty West, this premium residence spans over 7,139 sq ft, making it one of India’s most expensive real estate deals, with a valuation of ?1.50 lakh per sq ft.

The deal, finalized and registered on November 13, includes exclusive access to five car parking slots and incurred a substantial stamp duty charge exceeding ?2.89 crore. The transaction highlights the continued appeal of South and Central Mumbai, known for hosting some of the nation’s priciest residences and high-profile buyers, including industrialists, corporate leaders, actors, and athletes.

Mumbai, India’s largest and costliest real estate market, has witnessed a surge in luxury property sales, especially in 2024. Demand across mid-income, premium, and ultra-luxury segments has reached unprecedented levels, driving record-setting transactions. Areas like Worli remain pivotal to this trend, attracting significant investments in high-end residential properties.

The deal underscores Mumbai’s dominance in the high-value property market and its role in shaping India's real estate landscape.

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