(MENAFN- Live Mint) Yatin Shah, co-founder of 360 One, has bought a penthouse with a sea view in Worli, Mumbai, for ₹158.51 crore.
The 10,312 square
feet residence is part of Prime Ceejay Residency and is one of the costliest deals in the city, according to Zapkey.
“Yatin Shah is the co-founder of asset and wealth management firm 360 One and Joint CEO of 360 One Wealth. He has bought this duplex apartment in a new luxury under construction project Prime Ceejay Residency,” Zapkey wrote on X.
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The Prime Ceejay Residency project will have 33 floors with 19 units. The project will be finished by June 2025.
“The project has 33 floors with only 19 units- a mix of 4 and 5 BHKs. It is scheduled for completion in June 2025,” Zapkey added.
“The total carpet area of the duplex apartment is 10,312 sft, and at a price of ₹158.5 cr, it is one of the costliest deals in Mumbai at ₹1,53,700/sft,” it said.
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Earlier, investment firm KKR India's CEO Gaurav Trehan bought an apartment for ₹88 crore in a project called Morena House by JSW Realty in South Mumbai .
In May 2024, Karan Bhagat, co-founder and CEO of 360 One, bought two apartments in the luxury project Oberoi 360 West for ₹170 cr.
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In a related development, along with soaring property prices, getting a 1BHK flat on a rental basis in Mumbai costs nearly ₹5.18 lakh annually, Mint reported on October 18, citing a CREDAI-MCHI report. The rent for a 1BHK in Mumbai is higher than the annual salary of junior-level employees, which is around ₹4.49 lakh.
The report also said that high rental prices may force people to choose cities with low rents, leading to a brain drain.
The rent for 1BHK flats in cities such as Delhi is nearly ₹2.32 lakh, and Bengaluru is around ₹2.29 lakh, the report further added.
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