Mumbai: 360 ONE Co-founder Purchases Rs 1.58 bn Penthouse in Worli

11 Nov 2024 CW Team

Yatin Shah, the co-founder of the financial services firm 360 One, reportedly acquired a sea-view penthouse in one of the super-luxury residential towers located on Dr Annie Besant Road in Mumbai’s upscale Worli area for more than Rs 1.58 billion.

According to sources, Shah, along with his wife, purchased the luxury duplex apartment, spanning 10,312 sq ft across the top two floors of the tower, from Prime Realty LLP, a development company whose directors include politician and industrialist Praful Patel and his family members.

The deal, valued at approximately Rs 1.54 lakh per sq ft, places it among the most expensive transactions per square foot in the country.

The buyer is said to have paid over Rs 90.51 million in stamp duty charges for the registration of the deal, which took place on October 30, with the transaction being finalized on October 28, as indicated by documents accessed via Zapkey.com.

The property reportedly covers the entire 29th and 30th levels, occupying two full habitable floors in the tower. The 29th level, with 5,513 sq ft of space, includes living areas, while the 30th level, with 4,799 sq ft, leads to a private terrace that extends across 7,355 sq ft.

Shah is also the CEO of 360 ONE’s wealth business. The firm, 360 ONE WAM, founded by Karan Bhagat and Shah, is listed on the stock exchanges and is one of India’s largest wealth and asset management firms. 360 ONE serves over 7,500 families in the High Net Worth Individual (HNI) and Ultra HNI segments, with aggregate assets exceeding $68 billion under management.

Technology

29 Jul 2026

AI-Enabled Workflows Lift Profitability and Productivity

Organisations modernising frontline workflows with artificial intelligence, automation and real-time data are reporting stronger financial performance, higher productivity and improved employee engagement, according to a global study by Zebra Technologies and Oxford Economics.The research covered 1,000 senior leaders across retail, manufacturing, transportation and logistics in the US, Mexico, the UK, Germany, India, Japan, Australia and New Zealand.In transportation and logistics, 54 per cent of companies that improved picking and packing operations reported faster operational performance, wh..

India Leads Global AI Readiness but Implementation Lags

Indian companies lead global averages across all eight artificial intelligence readiness indicators tracked by JLL, but only 19 per cent have started making changes to their workplaces, according to the JLL 2026 Future of Work Survey.The study found that 77 per cent of Indian business leaders expect AI to change their office requirements, creating a 58-percentage-point gap between awareness and implementation. The survey covered more than 2,200 CEOs, CFOs and real estate leaders across 21 countries during the first quarter of 2026.Despite concerns over automation, 58 per cent of Indian leaders..

Three WOLFF Cranes Build Riyadh Cable-Stayed Bridges

Three WOLFF 180 B luffing jib cranes are supporting the construction of two cable-stayed bridges alongside the existing Wadi Laban Bridge in Riyadh, Saudi Arabia. The project is being developed for the Royal Commission for Riyadh City and executed by the ICRC joint venture comprising IC Ictas and Al Rashid Trading & Contracting Company.The cranes are handling lifting operations including formwork, reinforcement, concrete placement, work platforms, surveying equipment and other construction materials. Each crane is fitted with a 40 m jib, reaches a hook height of 157 m and offers a maximum ..