360 One Co-Founder Yatin Shah Acquires Mumbai Penthouse for Rs 158.5 Crore

Yatin Shah, the co-founder of the financial services firm 360 One, has made an investment by purchasing a luxurious sea-facing penthouse in Worli, Mumbai, for Rs 158.51 crore.The buyer and his wife have purchased a 10,312 sq ft luxury duplex on the top two floors of the residential tower from Prime Realty LLP, a development company led by politician and industrialist Prajay Praful Patel and his family. 

The price of the property works out to Rs 1.54 lakh per square foot, a price tag that highlights the growing demand for ultra-luxury real estate in Mumbai, especially in prime areas like Worli. The buyer paid over Rs 9.51 crore in stamp duty for registering the deal on October 30, with the transaction being finalized on October 28, as per documents accessed on Zapkey.com.

Shah’s penthouse occupies the entire 29th and 30th floors of the tower, providing an expansive living space. The 29th floor covers 5,513 square feet and is dedicated to the main living areas, while the 30th floor has 4,799 square feet of space, along with a large private terrace that measures 7,355 square feet. This private outdoor space offers views of the Arabian Sea, adding to the property’s allure.

Residential property sales across India’s top eight cities such as Ahmedabad, Bengaluru, Chennai, Hyderabad, Kolkata, Delhi-NCR, MMR (Mumbai, Navi Mumbai, and Thane), and Pune reached an all-time high in 2023, influenced by strong demand in the mid-income, premium and luxury segments.

Yatin Shah’s purchase follows a similar luxury real estate investment by his business partner, Karan Bhagat, the CEO and co-founder of 360 One. In May 2024, Bhagat invested Rs 170 crore in two apartments within the Oberoi 360 West project. 

Mumbai continues to dominate as India’s largest and most expensive real estate market, maintaining a record-breaking streak in high-value property transactions. Locations like Worli, with its sea views, are especially popular, as they offer both exclusivity and access to world-class amenities.

The surge in demand for high-end properties is also a sign of Mumbai's position as one of Asia’s leading financial hubs. South and Central Mumbai, known for having India’s priciest apartments, have significantly contributed to this trend. In recent years, these micro-markets have seen numerous high-value transactions involving industrialists, top executives, actors and sports figures. The city continues to attract wealthy individuals looking for properties that not only offer a high standard of living but are also seen as valuable long-term investments. 

Image source: 360 one