Advertisement
When should a housing society in Mumbai start considering re...
From GST on JDAs to SEBI’s REIT reclassification and the S...
Stay ahead in the world of real estate with our daily podcas...
Stay ahead in the world of real estate with our daily podcas...
Mumbai's luxury apartment market is booming, driven by a growing domestic demand for high-end living and a limited supply of prime properties. Bollywood star Shahid Kapoor and his wife recently bought a sea-view apartment for over INR 60 crore in the prestigious Three Sixty West project in Worli. This is Kapoor's second purchase in the same tower, following a duplex he bought in 2018 for INR 58.57 crore. His latest acquisition spans 6,176 square feet with three car parking spaces. The trend reflects increased interest from celebrities and business tycoons in Mumbai's luxury real estate, further boosting the market.
Mumbai's luxury apartment market is booming, fuelled by a combination of factors - a booming economy attracting high-net-worth individuals, a growing domestic demand for luxury living, and a limited supply of prime properties. Advertisement
Bollywood star Shahid Kapoor and his wife recently acquired a sea-view apartment for over INR 60 crore in the prestigious Three Sixty West project located in Worli. This marks Kapoor's second purchase in the same tower, having previously bought a duplex there in 2018 for over INR 58.57 crore. His latest acquisition measures a spacious 6,176 square feet and comes with exclusive access to three car parking spaces. Three Sixty West boasts an ultra-luxurious lifestyle with a dedicated Ritz-Carlton hotel tower and another offering branded residences managed by the same esteemed hospitality group. The buyer paid INR 1.75 crore in stamp duty for the transaction registered on May 24, according to documents accessible by IndexTap.com. He purchased it from realty developer Chandak Realtors.
Shahid Kapoor has a net worth of around INR 300 crore, built through his successful acting career, brand endorsements, and personal investments. His impressive real estate portfolio reflects his taste for luxury living.
Kapoor reportedly owns a DDA flat in Saket, South Delhi, which served as his childhood home. Adding to his collection is an apartment in Mumbai's Andheri, valued at around INR 3 crore. In 2014, Kapoor indulged in a luxurious sea-facing indulgence, acquiring an INR 35 crore duplex apartment in Juhu. This expansive property boasts a private swimming pool and a 1,000 square foot garden area.
Kapoor's foray into Mumbai's luxury market began in 2019 with the purchase of a swanky duplex in the Three Sixty West project, located in the affluent Worli district. This impressive acquisition, spread over 8,625 square feet across the 42nd and 43rd floors, reportedly cost a staggering INR 56.6 crore (excluding stamp duty). His latest purchase in the same project is a sea-view apartment spanning 6,176 square feet, for which he paid INR 60.41 crore (including stamp duty). This acquisition highlights Kapoor's preference for the Three Sixty West complex, known for its world-class amenities and exclusivity, and includes access to three car parking spaces.
Shahid Kapoor is just one name on a growing list of celebrities and business tycoons setting their sights on Mumbai's luxury market. Just two days before Kapoor's purchase, Karan Bhagat, the CEO of wealth management firm 360 ONE, made headlines by acquiring two apartments in the same Three Sixty West project for a record-breaking INR 170 crore. Earlier this month, Mavibhai Patel, managing director and part of the promoter group of Kiran Gems, one of the world's largest natural diamond manufacturers, joined the club with an apartment purchase exceeding INR 97 crore in the same building.
The allure of Mumbai's luxury market extends beyond the world of entertainment. In 2022, Mukesh Ambani, chairman of Reliance Industries, reportedly acquired a plush bungalow in Mumbai's Carmichael Road area for a whopping INR 10,000 crore, making it the most expensive residential property deal ever recorded in India. This extravagant purchase highlights the growing interest of business leaders in acquiring trophy properties that not only offer luxurious living spaces but also serve as a symbol of their success and social standing.
These high-profile acquisitions are just a microcosm of a much larger trend. In 2023, Mumbai's residential property market witnessed a rise in demand across all segments - mid-income, premium, and luxury. The city, known for being India's most expensive property market, led the nation with record-breaking sales figures and stamp duty collections. Luxury apartments in south and central Mumbai, like those in Three Sixty West, have been a major driver of this growth. These prime locations have seen a string of high-value transactions involving celebrities, business titans, and industrialists in recent years.
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
