23 Luxury Apartments in Worli Bought by Family and Friends of Damani of DMart for Around INR 1200 Crore

23 luxury flats sold at one go in Oberoi 360 West, Worli - An Indian realty record!!

Possibly The Largest Indian Real Estate Deal, family and friends of Dmart's Damani Purchased 23 Luxurious Apartments in Worli for an Estimated INR 1200 Crore.

Several acquaintances, personal friends, family members, and relatives of Mr. Radhakrishnan Damani purchased 23 luxury flats in Tower B of Oberoi 360 West in Worli, South Mumbai, according to real estate news from Mumbai.

Radhakrishnan Damani is the founder of the well-known DMart business.

Mr. Sudhakar Shetty, a real estate developer who cooperated with Oberoi Realty on this premium property in Worli on the prestigious Dr. Annie Besant Road, sold these 23 luxury houses in Oberoi 360 West.

More information about the 23 luxury properties purchased

Each of these 23 flats in Worli is around 5,000 square feet in size. According to current market values, each of these luxury residential residences costs between 50 and 60 crores of rupees.

According to a report by TOI, a number of property industry insiders said that the developer offered these homes at a discount since so many DMart family members and friends acquired units. Mr. Shetty was also under pressure to repay his debts. According to market sources, Mr. Shetty and the purchasers engaged in property talks for around four to five months. On Friday, the bulk transaction was ultimately recorded.

Previously, some of the bigger units in Three Sixty West sold for as much as Rs 75-80 crore. IGE (India) Private Limited purchased two units in the complex for Rs 151 crores the previous year.

The project consists of two buildings and was built by Oberoi Realty and Shetty's Sahana Group under their joint venture, Oasis Realty. One tower will house a Ritz-Carlton hotel, while the other towers will house luxury apartments managed by the hospitality brand.