In a major development in Mumbai's luxury property sector, electrical accessories manufacturer Great white Global Private Limited has acquired two opulent apartments in the exclusive Oberoi Three Sixty West complex in Worli. With each unit spanning an impressive 8,041 sq ft, the combined deal amounts to ₹225 crore, making this one of the year’s most notable transactions in the city’s upscale real estate market. This purchase highlights the ongoing demand for premium residences in Mumbai's prime neighbourhoods among affluent buyers and corporations alike.
According to documents from IndexTap.com, the two apartments are situated in Tower B of Oberoi Three Sixty West, a prestigious project developed by Oberoi Realty Private Limited. The property purchase, registered on October 24, includes a stamp duty of ₹4.41 crore for one unit and ₹4.39 crore for the other, alongside a registration fee of ₹30,000 per unit. Each apartment provides parking space for five cars, catering to the needs of ultra-luxury living in the heart of Mumbai.
Oberoi Three Sixty West stands as one of Mumbai’s most exclusive addresses. The project includes two towers and offers spacious 4 BHK and 5 BHK configurations, along with duplex apartments and lavish penthouses. Spanning over 1.58 acres, this iconic development comprises 284 residences with carpet areas ranging from 5,235 to 6,651 sq ft. The project received its occupation certificate in 2022, further boosting its appeal among high-net-worth individuals.
Some of India’s most well-known personalities have invested in this luxury address, from Bollywood stars like Shahid Kapoor and Abhishek Bachchan to notable business figures such as Radhakrishna Damani, founder of D’Mart, and Karan Bhagat, CEO of 360 One. The presence of such high-profile owners further enhances the building’s prestige and appeal.
The deal reflects a broader trend in India’s ultra-luxury property market. Anarock data shows that in the first eight months of 2024 alone, 25 high-value homes priced over ₹40 crore were sold across Mumbai, Hyderabad, Gurugram, and Bengaluru, collectively amounting to approximately ₹2,443 crore in sales. Mumbai leads this market, accounting for 84% of these high-end transactions, with 21 properties sold for a total of ₹2,200 crore.
Interestingly, nine of these deals were valued at over ₹100 crore each, underscoring the growing demand for ultra-luxury properties with spacious layouts, world-class amenities, and premium locations. By comparison, the entirety of 2023 saw only 10 such transactions, amounting to ₹1,720 crore in total sales.
Mumbai’s real estate market continues to attract wealthy buyers who value not only the city’s strategic location but also the prestigious lifestyle it offers. Deals like GreatWhite Global’s recent purchase exemplify the substantial investment in Mumbai’s luxury sector and point to sustained interest among both individuals and corporations in securing high-value properties within the city’s premier developments.
As Mumbai’s luxury property market grows, Oberoi Three Sixty West remains a sought-after address, setting new standards for luxury and exclusivity in Indian real estate. With ongoing demand from affluent individuals and entities, Mumbai’s ultra-luxury market appears poised for continued growth, reflecting a broader trend of premium investments across India’s metropolitan areas.
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