[ad_1]
financial advisory firm Avenor Capital with its group unit Bajaj Consultants Bought a luxury sea-view duplex apartment at a super-premium residential Tower on Dr. Annie Besant Road Mumbaiis luxurious Worli localities for more than Rs 100.70 crore.
Spread across 9,593 sq ft, the apartment on the 21st and 22nd floors of Tower Oberoi Three Sixty West is priced at Rs 1.04 lakh per sq ft on a net yield basis.
Buyers have bought apartments from the project developer oberoi realty And the deal was registered on March 24. Stamp duty of over Rs 2.90 crore has been imposed on this deal.
Documents accessed through indextap(dot)com reveal that as part of the agreement, the buyers will also get exclusive access to five car parking slots.
ET’s email query for Avenor Capital and oberoi realty remained unanswered till the time of going to press.
The duplex is part of over 60 apartments acquired by Oberoi Realty from its developer Oasis Realty in this super-luxury project, a joint venture between the company and. Sahana Group,
Oberoi Realty had paid a total of Rs 4,000 crore for these deals as part of the process to buy out the partner by picking up Sahana’s inventory in the project.
The developer had also bought a luxury penthouse in the project developed by the company through a joint venture with the Sahana Group for Rs 230.55 crore, making it one of the biggest single apartment deals ever in India. Welspun GroupK BK Goenka has also bought a similar size penthouse in Oberoi Three Sixty West for Rs 230.55 crore.
In February, ET had first reported on several high-ticket transactions carried out by high-profile corporate figures, including Radhakishan Damani, billionaire investor and founder of retail chain DMart, his family members and associates in the project.
Sales of luxury properties have increased following the announcement in the Union Budget 2023-24 to limit deduction from capital gains on investment in residential property to Rs 10 crore from April 1.
Mumbai, the country’s largest and costliest property market, has been setting new records almost every month for the past two years despite high interest rates and rising housing prices.
The performance in terms of stamp duty collections, led by the premium and mid-income housing segments, has kept the state exchequer’s revenue high for several months.
[ad_2]
Source link