For a total of Rs 1.70 billion, Karan Bhagat, the founder, managing director and chief executive officer of the wealth and alternatives-focused asset business 360 ONE, purchased two luxurious sea-view apartments in a super-premium residential building in Mumbai's affluent Worli neighbourhood. Situated on the 45th and 46th floors of the Three Sixty West building on Dr Annie Besant Road, the apartments have a built-up size of 12,900 square feet. Additionally, Bhagat will get first dibs on eight parking spaces. The agreement was reached for around Rs 1.31 lakh per square foot, which elevated it to the top of the list of the most costly agreements in the nation overall. Along with his colleagues, Bhagat launched 360 ONE, formerly known as IIFL Wealth & Asset Management, in 2008. With more than $56.3 billion in assets under management, the company is presently one of the biggest wealth and asset management companies in India. Approximately 7,200 elite families in India, including business magnates, innovators in cutting-edge technology, and prominent legal experts, CEOs, athletes, and entertainers are among the clients of Bhagat's team. Additionally, it oversees financial resources for some of the biggest sovereign organisations and college endowments in the US, Canada, and the Middle East. Bhagat purchased the apartments directly from Oberoi Realty, the joint venture between Oasis Realty and Oberoi Realty, the property developer. Oberoi Realty sold both units within three years of buying them from joint venture partner Sahana Group. Under set-off period laws, stamp duty on transaction gains only gets transferred to the Maharashtra government exchequer if the property is resold within three years of the developer's original purchase agreement. Oberoi Realty did not reply to an email, and Bhagat did not want to comment. Two buildings make up the mixed-use Three Sixty West project; one will house The Ritz-Carlton Hotel, while the other will house luxurious residences managed by The Ritz-Carlton. The developer, Oasis Realty, sold Oberoi Realty one of the building's more than sixty flats, which Bhagat bought. The company had to pay Sahana a total of Rs 40 billion to acquire her inventory for the project. One of the largest single apartment acquisitions in Indian history, the developer also spent Rs 2.30 billion to purchase a palatial penthouse from Sahana in the same building. Comparable in size, BK Goenka of the Welspun Group similarly spent Rs 2.30 billion for a penthouse at Oberoi Three Sixty West.