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HomeNewsReal EstateShahid Kapoor buys apartment in Mumbai’s Worli 

Shahid Kapoor buys apartment in Mumbai’s Worli 

Bollywood actor Shahid Kapoor and his wife Mira Kapoor have bought a sea-view luxury apartment in a super-premium residential tower in central Mumbai’s plush Worli locality for over Rs 60.41 crore including stamp duty charges.

The apartment spread over 6,176 sq ft on the 24th floor of Three Sixty West project on Dr. Annie Besant Road is the second such deal concluded by the actor in this luxury residential tower.Prior to this, Kapoor and his wife had purchased a duplex on the 42nd and 43rd floor of the same tower of the high-rise project for over Rs 58.57 crore in 2018.

The buyer has paid stamp duty of Rs 1.75 crore for the registration of the transaction that took place on May 24, showed the documents accessed through IndexTap.com.

Kapoor has bought the new apartment on the 24th floor from realty developer Chandak Realtors. As part of the deal, he will also get exclusive access to a total three car parking slots in the tower.

Three Sixty West is a mixed-use development comprising two towers, one of which houses The Ritz-Carlton Hotel and the other will have luxury residences managed by The Ritz-Carlton.

The project has been in the news for several big-ticket transactions concluded by high-profile personalities across the business, sports, and entertainment industry.

Two days prior to the registration of Kapoor’s deal, wealth & alternatives-focused asset firm 360 ONE’s founder, managing director & chief executive officer Karan Bhagat also bought two apartments in the same project for a total Rs 170 crore.

Earlier this month, Mavjibhai Patel, managing director and part of promoter group of one of the world’s largest natural diamond manufacturers Kiran Gems, also bought an apartment in this tower for over Rs 97 crores.

The demand for residential properties and its conversion into sales across the country’s top eight cities scaled an all-time high in 2023, led by heightened activity in the mid-income, premium and luxury segment.

Among the key markets, Mumbai led the performance as the country’s biggest and most expensive property market continued its record-setting spree, scaling a new peak with its best annual performance in terms of both registration of properties and revenue collection through stamp duty charges.

The most expensive apartments in south and central Mumbai have contributed to this performance in a big way. The micro-market has witnessed many large-ticket record-setting transactions involving industrialists, CXOs, actors and sports personalities over the last couple of years.

SourceETREALTY
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