Shahid Kapoor has acquired a luxury sea-view apartment in Mumbai. He purchased this as his second property in Oberoi Realty’s Three Sixty West project. Bollywood actor Shahid Kapoor and his wife Mira Rajput bought the apartment for Rs 59 crore. The couple moved into their new home in 2022. They have now purchased another sea-facing apartment in Worli, Mumbai, for Rs 59 crore.

Transaction Details and Property Features

They completed the transaction by paying a stamp duty of Rs 1.75 crore. The newly acquired apartment sits on the 24th floor and spans 6,176 square feet. It also comes with three parking spaces. This luxury apartment is part of the super-premium residential tower Three Sixty West.

History of the Property and Price Appreciation

The apartment was purchased from Chandak Realtors Pvt Ltd, which had acquired it in February 2023 as part of a bulk deal. Chandak Realtors had bought the apartment at Rs 35.31 crore, and now it has been sold to the Kapoors for over Rs 1 lakh per square foot, showcasing over 50% appreciation in just one year. This substantial price increase highlights the burgeoning real estate market in Mumbai.

Project Overview and Future Prospects

Three Sixty West by Oberoi Realty comprises two towers, offering various luxurious residences including 4 BHKs, 5 BHKs, duplexes, and penthouses. The project’s name reflects its height of 360 meters, and all apartments face west, providing mesmerizing sea views. It stands as the epitome of uber luxury housing, attracting high-profile buyers like Shahid Kapoor.

The Kapoors’ purchase adds to the flourishing luxury real estate market in India. With a significant year-on-year growth in sales of luxury homes priced at Rs 4 crore and above, cities like Delhi-NCR, Pune, Hyderabad, and Mumbai are witnessing heightened demand. This surge underscores the attractiveness of luxury properties as investments and assets in the Indian real estate landscape.