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Kapoor Family Buys Luxury Apartment for Rs 58.66 Crore

Kapoor Family Buys Luxury Apartment for Rs 58.66 Crore

The luxury apartment measures 5,395 sq ft of RERA carpet area and comes with three parking spaces, according to documents.

The property transaction worth Rs 58.66 crore was registered on May 24, 2024.

The apartment is situated on a higher floor of the high-rise constructed by Oberoi Realty and was purchased by the Kapoors from Chandak Realtors Pvt Ltd.

Chandak Realty had acquired this apartment in a bulk deal in February 2023, where 28 apartments were bought by D’Mart owner Radhakishan Damani’s immediate family and close associates for a total of Rs 1,238 crore.

Chandak Realtors had purchased this particular apartment at rs 35.31 crore in February 2023, brokers said.

Three Sixty West by Oberoi Realty features two towers with 4 BHK, 5 BHK, and duplex apartments, along with penthouses.

The sea-view project, presumably named because its height is 360 meters and all apartments face west, is a ready-to-move-in luxury housing project.

The Kapoors paid a stamp duty of Rs 1.75 crore for the transaction.

In 2018, Shahid Kapoor purchased an apartment in the same building measuring 8,281 sq ft for Rs 55.60 crore and paid a stamp duty of Rs 2.91 crore.

Meanwhile, sales of luxury homes priced Rs 4 crore and above recorded a 75% year-on-year growth in 2023 due to robust demand.

Delhi-NCR saw the highest surge at 197% year-on-year, followed by Pune, Hyderabad, and Mumbai, according to a report by CBRE South Asia Pvt Ltd titled 'India Market Monitor Q4 2023.'