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In what is perhaps the biggest property deal in the country, as many as 28 housing units worth Rs 1,238 crore have been bought by family members and associates of D’Mart founder Radhakrishna Damani in Mumbai.
Some of the properties have also been bought in the names of companies. The total carpet area bought by one of India’s top retailers, his associates and companies amounts to 1,82,084 square feet, including 101 car parks.
All the transactions were registered on February 3, 2023. The buyers have purchased the apartments in Tower B of Three Sixty West located on Annie Besant Road in Worli, Mumbai. The seller is builder Sudhakar Shetty, who had partnered with real estate developer Vikas Oberoi to redevelop the project. Most of these apartments have a carpet area of of 5,000 sq ft, and cost Rs 40-50 crore on average.
Three Sixty West by Oberoi Realty is a project that contains 4BHK and 5BHK units. It comprises two towers, one of which will house The Ritz-Carlton Hotel and the other will have luxury residences managed by the global hospitality chain. The sea-view project presumably gets its name because its height is 360 metres, and all apartments face the west.
