Why Shahid Kapoor, Abhishek Bachchan, and Radhakrishna Damani Are Investing in Oberoi Realty’s Three-Sixty West

Team Opulnz Abode: 22.06.2024, 15:05: Read Time – 2.2mins

Oberoi Realty’s Three Sixty West project in Mumbai has captured the attention of affluent buyers, resulting in 19 transactions since April 2023, totalling over ₹1,300 crores. This surge in demand can be attributed to several factors, including the project’s prime location, luxury amenities, and the exclusivity of owning a sea-facing apartment in one of Mumbai’s poshest areas. The project, a joint venture between Oberoi Realty and its partners, has attracted notable buyers such as Bollywood actors Shahid Kapoor and Abhishek Bachchan, D’Mart’s Radhakrishna Damani, and Everest Masala Group’s promoter Vratika Gupta, among others.

Prime Location in Worli

The Appeal of Worli

Worli is one of Mumbai’s most prestigious neighbourhoods, known for its upscale living and prime location. The area offers stunning sea views, easy access to business districts, and proximity to high-end restaurants, shopping centres, and entertainment hubs. The allure of living in such a desirable location is a significant factor driving the demand for luxury apartments in Three Sixty West.

Strategic Location

Three Sixty West is strategically located to offer panoramic sea views and easy access to significant parts of the city. This prime location makes it highly appealing to wealthy buyers who prioritize convenience and exclusivity in their choice of residence.

Oberoi Realty Gurugram New Launch:

Oberoi Realty is expected to launch its first project in North India at Golf course extension road Gurgaon.

Find all the details of the project at the link

Luxury Flats in Gurugram Sector 58 by Oberoi Realty

Luxurious Living Experience

Exclusive Amenities

Three Sixty West boasts various luxurious amenities designed to provide residents with a premium living experience. The project includes two towers with 4 BHK and 5 BHK units, duplex apartments, and penthouses. Residents can enjoy state-of-the-art facilities such as a modern gym, swimming pool, spa, and landscaped gardens, ensuring a lifestyle of comfort and luxury.

High-Quality Construction

Oberoi Realty is renowned for its high-quality construction and attention to detail. Three Sixty West is no exception, with each apartment featuring top-notch finishes and fittings, spacious layouts, and large windows to maximize the stunning sea views. The project received its occupation certificate in 2022, strengthening its credibility and appeal.

Celebrity Endorsement and Prestige

Notable Buyers

The project has garnered significant attention due to its high-profile buyers. Bollywood actors Shahid Kapoor and Abhishek Bachchan, along with prominent business figures like Radhakrishna Damani of D’Mart and Vratika Gupta of Everest Masala Group, have all invested in apartments at Three Sixty West. The presence of such notable personalities adds to the prestige and desirability of the project, making it a symbol of status and success.

Market Dynamics and Investment Potential

According to CRE Matrix, a real estate analytics firm, out of the 19 transactions since April 2023, 16 were primary market transactions directly between Oberoi Realty, its partners, and the buyers. The remaining three were secondary market transactions. The consistent demand for these luxury apartments highlights their investment potential, with resale prices currently around ₹1 lakh per sq ft and expected to rise to ₹1.25 lakh to ₹1.50 lakh per sq ft in the primary market.

Investment and Future Prospects

High Demand and Limited Supply

The high demand for Three Sixty West apartments can be attributed to the project’s limited supply and the growing preference for luxury living spaces in Mumbai. The project’s sea-facing flats, ranging from 5,600 sq ft to over 17,000 sq ft, offer a unique combination of exclusivity, luxury, and prime location, making them highly sought-after.

Competitive Pricing

Local brokers indicate that other developers’ sea-view apartments in the Worli area are priced at around ₹1 lakh per sq ft. The resale value of apartments in Three Sixty West is currently in the same range. However, the developer may seek higher prices in the primary market. This potential for price appreciation makes the project an attractive investment opportunity for buyers looking to capitalize on Mumbai’s luxury real estate market.

Final Thoughts on the Demand for Three Sixty West

The rush to own luxury apartments in Oberoi Realty’s Three Sixty West project in Mumbai can be attributed to its prime location, luxurious amenities, high-profile buyers, and substantial investment potential. The project’s strategic location in Worli, combined with its exclusive living experience, makes it a highly desirable choice for affluent buyers seeking a prestigious address in Mumbai. As the demand for luxury real estate continues to rise, Three Sixty West is set to remain a coveted property, attracting discerning buyers and investors alike.