Kiran Gems MD Acquires Luxury Apartment in Oberoi 360 West, Worli for INR 97 Crore

Worli, South Mumbai

Mavjibhai Patel, managing director and part of the promoter group of Kiran Gems, one of the world’s largest natural diamond manufacturers, has acquired a luxury sea-view apartment in Oberoi 360 West in South Mumbai's upscale Worli locality for approximately ₹97 crore. The transaction included a stamp duty payment of over ₹5.84 crore and was registered on April 29, according to documents accessed through IndexTap.com

Also read: Check other High-Value Transactions in Worli

Details of the Luxurious Purchase

The 14,911-square-foot apartment, located on the 47th floor of Three Sixty West on Dr. Annie Besant Road, was purchased jointly by Patel and two family members. This super-premium residential tower is part of a mixed-use development that includes The Ritz-Carlton Hotel and luxury residences managed by The Ritz-Carlton. The purchase grants the buyer exclusive access to nine car parking slots and an additional 884-square-foot balcony area.

Three Sixty West: A Vision of Luxury

Developed by Sahana Group’s Skylark Buildcon and Moon Rays Realty, in collaboration with Oberoi Realty, Three Sixty West is a testament to world-class architectural vision. The towers are designed to offer stunning sea views and ensure privacy and discretion for its residents. This development aims to provide distinguished homes for India’s most accomplished families.

Also read: The Architectural Brilliance of Oberoi 360 West Worli

About Kiran Gems

Established in 1985, Kiran Gems has become the world’s largest manufacturer of natural diamonds and India’s premier diamantaire. The company is renowned for its scale of operations, product quality, precision, variety, and integration of technology in manufacturing. Kiran Gems collaborates with leading mining companies like De Beers, Alrosa, and Dominion Diamonds and supplies to top jewellery and watch manufacturers, retailers, and brands globally.

Technological Integration and Social Responsibility

Kiran Gems operates numerous specialized manufacturing units and is the largest user of advanced hi-tech manufacturing systems in the diamond industry. It produces and exports diamonds in various shapes, colors, clarities, and sizes, from the smallest to up to 3.00 carats. The company’s commitment to technology and social responsibility has set benchmarks in the industry.

Oberoi Realty: A Legacy of Trust and Innovation

For over four decades, Oberoi Realty has symbolized trust, transparency, and cutting-edge technology in Mumbai's real estate sector. The company’s vision is to offer revolutionary and globally benchmarked developments that cater to the discerning needs of customers. Oberoi Realty aims to positively impact the quality of life through its differentiated service and commitment to excellence.

A Significant Acquisition in Mumbai’s Real Estate Industry

Mavjibhai Patel's acquisition of this luxury apartment in Worli underscores the appeal of Mumbai's premium real estate market. The investment not only reflects the exclusivity and high value of the property but also highlights the ongoing demand for ultra-luxurious residences in the city.