In a significant real estate transaction, Snehal Bhansali, director of Kiran Gems, has made headlines by acquiring a luxurious apartment in Mumbai’s prestigious Worli area. The whopping price tag of Rs 97 crore (nearly $9.6 million) emphasizes the exclusivity and opulence of this high-end property.
A Showcase of Luxury Living: This luxurious apartment, located on the 50th floor of the upscale residential project Three Sixty West, offers not just spacious living but also panoramic views of the Arabian Sea and Mumbai’s mesmerizing skyline. Spread over an impressive 7,002 square feet, the apartment features five bedrooms, an expansive living area, and state-of-the-art amenities catering to the discerning tastes of affluent buyers. Equipped with a swimming pool, fitness center, and spa, the property offers a perfect blend of relaxation and indulgence. Furthermore, the apartment boasts eight dedicated parking slots, further enhancing its exclusivity and convenience.
Mumbai’s Resilient Luxury Real Estate Market: Despite economic uncertainties, the recent multi-million dollar transaction attests to the resilience and growth of Mumbai’s luxury real estate market. Worli, renowned for its elite residential projects and strategic location near the city’s business districts, continues to be a hotbed for high-net-worth individuals seeking prestigious addresses within the city. Three Sixty West, developed by Oasis Realty, a joint venture between Sahana and Oberoi Realty, has gained a stellar reputation for sophisticated design and premium facilities. It has become a coveted residence for Mumbai’s elite, underlining its status as an emblem of luxury and class.
A Statement of Opulence: Beyond merely seeking shelter, affluent individuals are increasingly indulging in investments that reflect their wealth and status. The acquisition by Snehal Bhansali mirrors this trend, with luxury properties serving as not just homes, but statements of opulence and prestige. Demonstrating the strong demand for ultra-luxurious residences that offer comfort and exclusivity, Bhansali’s purchase was facilitated by a stamp duty of Rs 2.91 crore. This transaction affirms the enduring allure of Mumbai’s real estate market, particularly in prime locations like Worli, which continue to attract substantial investments. Luxury housing in Mumbai thrives on a customer base that values not only convenience and amenities but also the essence of an exclusive lifestyle. The high value of this property, combined with its lavish amenities, further solidifies the market for luxury housing in the bustling metropolitan city.
