Mumbai, often dubbed the city of dreams, has long been a hub for high-net-worth individuals and celebrities seeking a blend of opulence and exclusivity. Among the most coveted addresses in this bustling metropolis is Three Sixty West, a premier residential complex that has become synonymous with luxury and prestige. This iconic development, comprising two towering structures, offers residents not just a home but an unparalleled lifestyle. Its allure is evident from the high-profile transactions that have taken place, attracting some of the most influential figures in business and entertainment.
In this article, we delve into the notable personalities who have acquired luxurious apartments in Three Sixty West and explore other significant real estate transactions that have shaped the landscape of Mumbai’s high-end property market.
Radhakishan Damani
In 2023, Radhakishan Damani, the esteemed founder and CEO of Avenue Supermarts (DMart), made headlines with a remarkable investment in Three Sixty West. Damani, known for his strategic acumen and substantial contributions to India’s retail sector, acquired a significant stake in Tower B of the development. His family purchased a total of 28 apartments for a staggering Rs 1,238 crore. Each apartment, priced between Rs 40 and 50 crore, adds to the grandeur of Tower B and underscores the residential tower’s magnetic appeal to the country’s elite. This acquisition not only highlights Damani’s commitment to luxury living but also reinforces the prestige associated with Three Sixty West.
BK Goenka
Another notable addition to Three Sixty West’s roster of distinguished residents is BK Goenka, Chairman of the Welspun Group. In 2023, Goenka acquired an extraordinary penthouse that spans the 63rd, 64th, and 65th floors of the development. Valued at Rs 240 crore, this expansive residence covers 30,000 square feet and boasts an impressive terrace area, reflecting Goenka’s penchant for grandeur and luxury. The penthouse stands as a testament to Three Sixty West’s appeal among the nation’s top business magnates, offering a combination of breathtaking views and unparalleled comfort.
Shahid Kapoor
Bollywood actor Shahid Kapoor joined the elite residents of Three Sixty West in 2018 with his purchase of a duplex on the 42nd and 43rd floors. Kapoor’s residence, acquired for Rs 59 crore (including stamp duty), is a prime example of how Bollywood celebrities have gravitated towards this high-profile address. The duplex adds to the building’s reputation as a favoured location for those seeking both privacy and luxury. Kapoor’s choice of Three Sixty West underscores the intersection of stardom and high-end living, blending the glamour of Bollywood with the sophistication of Mumbai’s real estate market.
Rekha Jhunjhunwala
The year 2024 has seen significant real estate moves, including a notable acquisition by Rekha Jhunjhunwala, the wife of the late renowned investor Rakesh Jhunjhunwala. Jhunjhunwala made headlines with her purchase in Malabar Hill, a prestigious area in Mumbai. She acquired several units in a prime building for Rs 118 crore, securing an uninterrupted view of the Arabian Sea from her residence. With a net worth of $8.1 billion (approximately Rs 67,462 crore), Jhunjhunwala’s purchase is a testament to her substantial wealth and discerning taste. This acquisition not only enhances her portfolio but also highlights the continuing appeal of Mumbai’s luxury real estate market among India’s wealthiest individuals.
Mavjibhai Patel
Mavjibhai Patel, who co-founded Kiran Gems with his brother Vallabhbhai Patel in 1985, moved from Bhavnagar to Mumbai to leverage the city’s growing diamond industry. What started as a small venture has become one of the world’s largest natural diamond manufacturers, with Kiran Gems now valued at Rs 17,000 crore and generating over Rs 500 crore in revenue in 2021. Patel’s net worth is estimated at $410 million (approximately Rs 3,415 crore), underscoring his success. His recent real estate acquisition further highlights his stature as a prominent industrialist with a taste for luxury. Patel purchased a sea-facing apartment on the 47th floor of the prestigious Three Sixty West, a premier residential development by Oasis Realty, which was later acquired by Oberoi Realty for Rs 4,000 crore. The project features two towers, one housing the Ritz-Carlton Hotel and the other offering lavish residences managed by the same chain. Patel’s new apartment spans 14,911 square feet with an additional 884 square feet of balcony space and includes nine exclusive car parking spaces. Its stunning sea view and top-tier amenities make it a highly desirable property among the affluent.
Abhay Soi and his family
The Soi family made a significant splash in Mumbai’s luxury real estate market with their recent acquisitions at the Three Sixty West Apartments, a high-profile residential development on Dr Annie Besant Road in Worli. Abhay Soi, the head of Radiant Life Care, which oversees the management of Nanavati Hospital in Vile Parle, purchased the first flat on the 36th floor for a remarkable Rs 54 crore. This apartment is situated in a building still under construction, which is poised to become the second tallest residential tower in India, boasting 85 floors. The second flat was acquired by Taruna Soi, another member of the family, who paid Rs 57.25 crore for an apartment on the 37th floor. Given that the flats are numbered 5304 and 5204, it is anticipated that they will be combined into a duplex, enhancing their exclusivity and space. The family’s investment extends beyond the purchase price, as they also paid Rs 6.5 crore in stamp duty for the registration of their properties. With the acquisition of two flats, the Soi family will benefit from access to ten car parking spaces, further adding to the convenience and luxury of their new residences.
Niraj Bajaj
Niraj Bajaj, Chairman of Bajaj Auto, recently made headlines with a remarkable real estate acquisition in one of Mumbai’s most exclusive neighbourhoods, Malabar Hill. He purchased a luxurious sea-view triplex for an eye-watering Rs 252.5 crore, marking one of the most significant real estate transactions in recent history. This expansive triplex, spanning 18,008 square feet across the 29th, 30th, and 31st floors, is part of the prestigious Lodha Malabar Palaces by the Sea project. Registered on March 13, 2023, the property offers breathtaking views of the Arabian Sea and Mumbai’s skyline. Bajaj also paid Rs 15.15 crore in stamp duty for the three apartments. The residence features eight parking slots, a lavish swimming pool, and expansive rooms, epitomizing luxury living. Niraj Bajaj, one of Asia’s wealthiest individuals, took over as Chairman of the Bajaj Group in 2021 following the death of Rahul Bajaj. In addition to his role at Bajaj Auto, which produces many popular two-wheelers, Bajaj has served on the boards of Bajaj Allianz and General Insurance, underscoring his prominent position in the business world.
In addition to Shahid Kapoor, Abhishek Bachchan and Akshay Kumar have also made substantial investments in Three Sixty West, with Abhishek Bachchan spending Rs 41.14 crore and Akshay Kumar investing Rs 29.94 crore.
