edited by: Mohammad Haris
Last Update: February 10, 2023, 12:08 IST
This is the costliest apartment ever sold in India. (file photo)
The Goenkas bought triplexes on the 63rd, 64th and 65th floors of Tower B at Three Sixty West on Annie Besant Road in Worli.
In one of the biggest real estate deals in India, an industrialist has bought a penthouse in a luxury tower in Mumbai’s Worli for Rs 240 crore. BK Goenka, chairman of industrialist Welspun Group, bought the penthouse, which is spread over 30,000 sq ft. times of India Report.
It states that the Goenkas had purchased (through a group company) a triplex at Three Sixty West on Annie Besant Road in Worli. The penthouse is on the 63rd, 64th and 65th floors in Tower B of the skyscraper.
According to reports, the size of the penthouse, spread over 30,000 sq ft, is almost 100 times the size of the 300 sq ft free house provided to a slum family under the government’s slum rehabilitation scheme.
Pankaj Kapur, Founder and MD, Liaisons Foras, a real estate rating and research firm, said this times of India“This is the costliest apartment sold in India so far. We expect more deals in the ultra-luxury segment in the next two months, as capital gains allowed to be invested under section 54 will be raised to Rs 10 crore from April 2023.” has been limited to Rs. 10 crores. Therefore, any capital gain in excess of Rs. 10 crores will automatically be taxed.”
The project was built by Oasis Realty, a joint venture between businessman-builder Sudhakar Shetty and builder Vikas Oberoi’s Oberoi Realty. Oberoi has also reportedly bought a penthouse in the adjacent wing of the same tower for Rs 240 crore. Oberoi Realty has now acquired the Three Sixty West project for Rs 4,000 crore.
Recently, family members and associates of DMart founder Radhakishan Damani bought 28 housing units worth Rs 1,238 crore in Mumbai. This is probably the biggest property deal in India.
comes after the purchase of the asset budget 2023 Announcement. A cap of Rs 10 crore has been imposed on reinvestment of capital gains from sale of long-term assets, including house property. Some properties were bought in the name of companies. The total carpet area is approximately 1,82,084 sq.ft., which includes 101 car parks.
In 2015, the Jindal family, which runs Jindal Drugs, bought a 10,000-sq ft apartment in Lodha Altamount for Rs 160 crore. In 2022, actor Ranveer Singh bought a quadruplex in Bandra for Rs 119 crore. In December 2022, Devvrat Developers bought five apartments in Prabhadevi for Rs 113 crore.
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