Shahid and Mira Kapoor Purchase Luxury Sea-View Flat in Oberoi 360 West in Worli, Mumbai for INR 60 Crore
- 29th May 2024
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Bollywood Star Shahid Kapoor Invests in Iconic Worli Property
Mumbai: Bollywood actor Shahid Kapoor and his wife Mira Kapoor have acquired a lavish sea-view apartment in the elite residential tower, Oberoi 360 West, located in Mumbai's upscale Worli neighborhood. The high-end property was purchased for over ₹60.41 crore, inclusive of stamp duty charges.
Prime Location and Luxurious Living
The newly acquired apartment spans 6,176 sq ft on the 24th floor of the prestigious Three Sixty West project on Dr. Annie Besant Road. This marks the Kapoors' second investment in this luxurious tower. In 2018, the couple bought a duplex on the 42nd and 43rd floors for ₹58.57 crore. The documents, accessed through IndexTap.com, reveal that Kapoor paid a stamp duty of ₹1.75 crore for the registration of the transaction on May 24. The apartment was purchased from real estate developer Chandak Realtors, and includes exclusive access to three car parking slots.
Oberoi 360 West: A Landmark of Luxury
Three Sixty West is a mixed-use development comprising two towers. One tower houses The Ritz-Carlton Hotel, while the other features luxury residences managed by The Ritz-Carlton. The project has been a hotspot for significant transactions by high-profile personalities from the business, sports, and entertainment industries. Just two days before the Kapoors' purchase, Karan Bhagat, founder and CEO of wealth and alternatives-focused asset firm 360 ONE, bought two apartments in the same project for a total of INR 170 crore.
Conclusion
This acquisition by Shahid and Mira Kapoor signifies a growing trend among Bollywood celebrities investing in high-end properties in Mumbai's most prestigious locations. The inclusion of exclusive amenities and the association with The Ritz-Carlton brand enhances the allure and value of these residences. Such high-profile purchases not only reflect personal luxury preferences but also signal confidence in the Mumbai real estate market's premium segment. The strategic choice of Worli, known for its prime sea-view properties and proximity to key business districts, underscores the continued demand for luxury real estate in the city.
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