Luxury Real Estate in South Mumbai Booming, Sajjan India Promoter Madhav Aggarwal Purchases a Sea Facing Worli Duplex at Oberoi 360 West

Madhav Prasad Aggarwal (promoter of agro-chemicals company Sajjan India) and his wife Sushma Aggarwal have acquired a sea-view luxury duplex in Mumbai's Worli neighbourhood for over Rs 153 crore, making it one of the most expensive residential unit transactions of 2022.

Aggarwal has purchased an apartment in one of the towers of the ultra-luxury residential complex 360 West on Dr. Annie Besant Road from Oasis Realty, a subsidiary of the project's developer Oberoi Developers.

On a built-up basis, the opulent apartment on the 24th and 25th habitable floors of the building is valued more than Rs 1 lakh per square foot, making it one of the most expensive homes in the country. In addition to being among the most costly properties in terms of overall value, this transaction is also one of the priciest.

According to documents acquired by Zapkey.com, a website that gathers public registration data, Aggarwal paid more than Rs 9.18 crore in stamp duty for the transaction registered on October 20. In addition, as part of the agreement, the buyer will have exclusive access to six parking places.

In September, IGE India, one of the Dabriwala family's investment enterprises, paid Rs 151 crore for two ultra-luxurious sea-view apartments in the same Project. The flats on the 42nd and 43rd habitable floors of the building were priced at around Rs 94,000 per square foot in these contracts. Numerous businesses and prominent professionals have acquired homes in this community. Recently, top banker and former MD and CEO of Induslnd Bank Ramesh Sobti paid over RS76.30 crore for two sea-view apartments in this ultra-luxurious complex.

A series of record-setting transactions involving businesses, CXOs, actors, and sports stars have happened in Mumbai during the last few quarters. Siddharth Jain, a member of the founding family of Inox Group, recently spent Rs 144 crore for a sea-view luxury quadruplex apartment in Raheja Legend, another ultra-luxury residential tower in Worli.

The luxury real estate sector has been growing in Mumbai and other major cities in India. In the last several years, a large number of wealthy buyers have acquired a range of luxury homes in South Mumbai.

About Sajjan 

Sajjan is India's biggest contract manufacturer, specialising in the large-scale manufacturing of Active Ingredients (Agro), Electronic Chemicals, Specialty Chemicals, and Intermediates with applications in Agrochemicals, Pharmaceuticals, and Dyestuff.

They employ around 450 people in their ISO-9001, ISO-14001, and ISO-45001-certified production plant and technical activities in Ankleshwar, Gujarat.

As chemical firms throughout the globe try to improve their strength and competitiveness, they must have a genuinely synergistic partner with a worldwide skill set, production methods, attitude, and vision. Sajjan owns all of this due to his more than four decades of solid business relationships with a big number of the world's major global corporations.

The location of the Sajjan India Mumbai office is Century Bazaar, Prabhadevi, Mumbai-400025.