Mumbai, the financial and entertainment capital of India, continues to attract the nation’s wealthiest individuals, celebrities, and industrialists. Its real estate market remains a hotbed for luxury property transactions, particularly in prime locations like Worli. One such high-profile transaction recently caught the eye of the media: Shreegopal Kabra, the Managing Director of RR Kabel Ltd, and his family purchased two expansive sea-facing apartments in one of Mumbai’s most coveted addresses—Oberoi Three Sixty West. With a price tag of Rs 198 crore, these acquisitions highlight the growing trend of billionaires and top industrialists investing in premium real estate.
The Kabra Family’s Multi-Crore Acquisition
In late October 2024, Shreegopal Kabra and his family made waves in Mumbai’s luxury real estate market by purchasing two adjoining apartments in the iconic Oberoi Three Sixty West. The apartments, located on the 62nd floor of the residential tower, collectively span an impressive 13,809 square feet. At a staggering rate of over Rs 1.43 lakh per square foot, the total cost of these two properties amounted to Rs 198 crore.
This deal includes the purchase price and the associated costs, such as the stamp duty of Rs 7.29 crore and a registration fee of Rs 60,000, all of which were settled as part of the transaction on October 29, 2024.
A Closer Look at the Apartments
The Kabra family’s two apartments are located on the 62nd floor of the prestigious Oberoi Three Sixty West. The larger of the two units is a 7,167 square feet property, which was purchased for Rs 102.76 crore. This apartment is registered under the names of Shreegopal Kabra’s son, Rajesh Kabra, and his wife, Monal Kabra. The second apartment, spanning 6,642 square feet, was acquired by Shreegopal Kabra and his wife, Kritidevi Kabra, for Rs 95.40 crore.
Both residences offer stunning sea views, overlooking the Arabian Sea, a feature that adds immense value to the already luxurious properties. The apartments also come with 10 car parking spaces, providing ample room for the Kabra family’s vehicle collection.
Additional Real Estate Holdings in Oberoi Three Sixty West
This acquisition is not the first time the Kabra family has invested in Oberoi Three Sixty West. Back in November 2019, they had already purchased a duplex apartment on the 42nd floor of the same tower for Rs 56 crore. This property, which spans 5,339 square feet, remains a part of their real estate portfolio, adding further prestige to their holdings in one of Mumbai’s most sought-after addresses.
About Oberoi Three Sixty West
Oberoi Three Sixty West is a luxury residential complex developed by Oberoi Realty. Located in Worli, one of Mumbai’s most desirable neighborhoods, the project consists of two high-rise towers that feature ultra-luxurious living spaces. The towers offer a mix of 4 BHK, 5 BHK, duplex, and penthouse apartments, all designed with cutting-edge technology and high-end amenities.
The project is known for its panoramic views, world-class infrastructure, and the highest levels of security and privacy—features that make it a popular choice for billionaires and celebrities. Apart from the Kabra family, several other high-profile individuals have invested in Oberoi Three Sixty West, further cementing the tower’s status as a symbol of luxury and exclusivity in Mumbai’s real estate market.
A Broader Trend of Billionaire Investments
The Kabra family’s acquisition is part of a larger trend in which Indian billionaires, industrialists, and celebrities are increasingly making high-value investments in Mumbai’s luxury real estate market. Oberoi Three Sixty West, in particular, has been a magnet for such investments.
For instance, in 2023, Radhakishan Damani, the founder of Avenue Supermarts (DMart), made headlines when he and his family purchased a remarkable 28 apartments in Oberoi Three Sixty West, totaling a staggering cost of over Rs 1,200 crore. This is one of the largest residential deals in recent times and further underscores the desirability of Mumbai’s upscale real estate options.
The Shahid Kapoor Connection
Oberoi Three Sixty West is not just a luxury address for business tycoons; it also has ties to the Bollywood industry. One of its notable celebrity residents is actor Shahid Kapoor. The popular Bollywood star, known for his roles in films like Kabir Singh and Jab We Met, reportedly owns a lavish apartment in the same tower. The link between Shahid Kapoor and Oberoi Three Sixty West has contributed to the tower’s allure, making it a desirable choice for both business magnates and entertainment personalities.
Why Mumbai? The City’s Appeal for Wealthy Investors
Mumbai has long been a magnet for wealthy investors, offering not only lucrative business opportunities but also a cosmopolitan lifestyle. The city boasts a unique blend of commercial activity, cultural diversity, and a thriving entertainment industry, which makes it an attractive destination for India’s top businessmen and celebrities. The city’s real estate market, particularly in high-demand areas like Worli, continues to show strong demand despite its premium pricing, further driving the surge in luxury property acquisitions.
