In a significant real estate transaction, Kiran Gems director Snehal Bhansali has acquired a high-end apartment in Mumbai's prestigious Worli area for a staggering Rs 97 crore (?9.6 million). This luxurious 7,002 square feet property is part of the upscale residential project, Three Sixty West.
Located on the 50th floor, the apartment offers panoramic views of the Arabian Sea and Mumbai?s skyline, epitomising luxury living. The property features five bedrooms, an expansive living area, and state-of-the-art amenities, including a swimming pool, fitness centre, and spa. The apartment also comes with eight car parking slots, underscoring its exclusivity.
The deal highlights the resilience and growth of Mumbai's luxury real estate market, even amidst economic uncertainties. Worli, known for its elite residential projects and proximity to business districts, remains a hotspot for high-net-worth individuals. Three Sixty West, developed by Oasis Realty, a joint venture between Sahana and Oberoi Realty, is renowned for its sophisticated design and premium facilities, making it a coveted address among Mumbai?s elite.
Bhansali?s purchase is part of a broader trend of affluent individuals investing in luxury properties, seeking not just a home, but a statement of opulence and status. The transaction, completed with a stamp duty of Rs 2.91 crore, reflects the increasing demand for ultra-luxurious homes that offer both comfort and prestige.
This acquisition underscores the enduring appeal of Mumbai's real estate market, particularly in prime locations like Worli, which continue to attract substantial investments. The high value of the property and its amenities demonstrate a robust market for luxury housing, driven by a clientele that values exclusivity, luxury, and convenience.
