Mumbai’s expensive real estate: Rs 97.4 crore flat sold in worli

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Luxurious Flat on 47th Floor in Mumbai
Photo: Social Media

A stunning luxury flat located on the 47th floor of the Oberoi 360 West Project in Worli, one of Mumbai’s most prestigious areas, has been sold for an impressive Rs 97.4 crore. This prime property, purchased by Mavjibhai Shyam Ji Bhai Patel, the promoter of the renowned diamond company Kiran James, exemplifies the pinnacle of opulence in Mumbai’s real estate market.

The Pinnacle of Luxury in Mumbai

Worli, often regarded as the most expensive area in Mumbai, is home to this exclusive flat. Spanning a vast 14,911 square feet with an additional 884 square feet of expandable space, this flat offers unparalleled luxury. The transaction, recorded on April 29, includes a stamp duty payment of Rs 5.8 crore by Patel, underscoring the significant investment involved in acquiring such a prestigious property.

Unmatched Amenities and Design

The Oberoi 360 West Project is renowned for its state-of-the-art amenities and exquisite design. This project features two towers—one housing a hotel and the other dedicated to luxury flats. Rising to a height of 360 meters, all apartments are west-facing, providing residents with a breathtaking view of the Arabian Sea. This unique feature inspired the name 360 West.

Exclusive Features and Spacious Living

The newly acquired flat boasts nine car parking slots, ensuring ample space for the owner’s fleet of vehicles. Designed to offer the utmost in comfort and luxury, the project includes four and five-bedroom flats, catering to the discerning tastes of Mumbai’s elite. The spacious layout and premium finishes make it a coveted address in the city.

Rising Demand for Luxury Properties

According to a recent report by the property consultant firm Enrock, there has been a significant increase in the demand for luxury and premium houses in India over the past five years. This trend is particularly evident in Mumbai, where high-end properties in prime locations like Worli are seeing robust growth.

Prestigious Address with Spectacular Views

Living in Worli provides residents with more than just an opulent home; it offers a prestigious address in one of Mumbai’s most sought-after areas. The Oberoi 360 West Project’s location ensures residents enjoy easy access to the city’s business hubs, top dining establishments, and cultural attractions, all while being surrounded by the tranquil beauty of the Arabian Sea.

Elite Community and Exclusive Lifestyle

The residents of Oberoi 360 West are part of an exclusive community that values privacy and sophistication. The development is designed to offer a lifestyle that combines luxury with convenience. From world-class fitness centers and spa facilities to personalized concierge services, every aspect of living in this project is curated to meet the highest standards.

Investment in Mumbai’s Premium Real Estate

The purchase of this flat by Mavjibhai Shyam Ji bhai Patel highlights the ongoing investment in Mumbai’s premium real estate market. With the city’s real estate prices continuing to climb, properties like those in the Oberoi 360 West Project are not just homes but valuable assets that promise substantial returns over time.

Architectural Excellence and Modern Design

The architectural excellence of Oberoi 360 West is evident in its modern design and thoughtful layout. The project is a collaboration of leading architects and designers, ensuring that every detail reflects the pinnacle of luxury living. The use of high-quality materials and cutting-edge technology sets this project apart from other developments in Mumbai.

Sustainability and Smart Living

In addition to luxury, Oberoi 360 West prioritizes sustainability and smart living. The development incorporates eco-friendly features and smart home technologies that enhance the living experience while minimizing the environmental footprint. This commitment to sustainability is increasingly important to today’s luxury homebuyers.

The sale of this flat on the 47th floor of the Oberoi 360 West Project in Worli for Rs 97.4 crore marks a significant milestone in Mumbai’s luxury real estate market. This transaction not only reflects the premium value of properties in Worli but also highlights the growing demand for luxury living spaces in India’s financial capital. With its exceptional design, prime location, and unparalleled amenities, Oberoi 360 West continues to set the standard for luxury living in Mumbai.

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