Real Estate News: The demand for luxury homes is increasing rapidly in India. Meanwhile, Mavjibhai Shamjibhai Patel, promoter of diamond company Kiran Gems, has bought an apartment worth Rs 97.4 crore in Mumbai’s posh Oberoi 360 West Complex. According to the documents received by Zapkey, he has bought this apartment for Rs 97.4 crore.
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Flat is on the 47th floor, total area of 14,911 square feet
This apartment is located in Worli area, which is the most expensive area in Mumbai’s real estate market. This flat is located on the 47th floor and is spread over a total area of 14,911 square feet. The space can also be expanded up to 884 square feet.
The apartment has parking space for 9 cars
According to Zapki, the flat was sold by Oasis Realty Partner Skylark Buildcon Pvt Ltd. The apartment has parking space for 9 cars and the property was registered on April 29. Patel said that a stand duty of Rs 5.8 crore was paid on this transaction.
Luxury houses are selling a lot in the country: Anarock
Let us tell you that according to the report of property consultant company Anarock, the demand for luxury and premium homes in India has seen a big jump in the last 5 years. The number of luxury homes in the houses sold in the first quarter of 2019 was 7 percent, which has increased to 21 percent in the first quarter of 2024. During this period, the sale of budget homes or affordable homes has declined by 20 percent.
