In a noteworthy real estate development, Kiran Gems director Snehal Bhansali has made headlines with the acquisition of a high-end apartment in Mumbai’s renowned Worli area. The staggering price of Rs 97 crore ($9.6 million) showcases the opulence associated with this upscale residential property. Located on the 50th floor of the prestigious residential project, Three Sixty West, this beautiful 7,002 square feet apartment offers breathtaking views of both the Arabian Sea and Mumbai’s skyline.
The epitome of luxury living: The luxurious property features five spacious bedrooms, providing ample space for comfort and privacy. Its expansive living area offers the perfect setting for hosting extravagant gatherings while enjoying the panoramic views. The state-of-the-art amenities offered by the apartment complex, including a swimming pool, fitness centre, and spa, ensure that residents can indulge in a lavish lifestyle within the confines of their home. Additionally, the inclusion of eight car parking slots further enhances the exclusivity of this high-end property.
Mumbai’s resilient luxury real estate market: Despite the economic uncertainties of recent times, Bhansali’s significant investment highlights the growth and resilience of Mumbai’s luxury real estate market. Worli, with its elite residential projects and proximity to business districts, continues to attract high-net-worth individuals. The popularity of Three Sixty West, developed by Oasis Realty, a joint venture between Sahana and Oberoi Realty, reinforces its reputation for sophisticated design and premium facilities, making it a highly coveted address among Mumbai’s elite.
A demand for opulence and exclusivity: Bhansali’s acquisition mirrors a broader trend among affluent individuals who see luxury properties not just as ordinary homes but as symbols of opulence and status. The completion of the transaction with a stamp duty of Rs 2.91 crore further emphasizes the increasing demand for ultra-luxurious homes that exude both comfort and prestige.
The enduring appeal of Mumbai’s real estate market: This high-profile investment by Bhansali further accentuates the enduring allure of Mumbai’s real estate market, particularly in prime locations like Worli. Regardless of economic fluctuations, such areas continue to attract substantial investments, drawing discerning buyers who appreciate the blend of exclusivity, luxury, and convenience that these properties offer.
A robust market for luxury housing: The exorbitant value of the property and its extensive amenities demonstrate a robust market for luxury housing in Mumbai. The confluence of affluent clientele seeking exclusivity, top-notch amenities, and prestigious locations has been instrumental in maintaining the demand for luxury properties. Mumbai’s real estate market remains an active and attractive destination for sophisticated buyers looking for refined living experiences.
