GreatWhite Global Acquires Two Luxury Apartments at Oberoi Three Sixty West, Mumbai for ₹225 Crore

GreatWhite Global Private Limited, a leading manufacturer of electrical accessories, has made a notable entry into the luxury real estate market by acquiring two opulent apartments in the prestigious Oberoi Three Sixty West project located in Worli, Mumbai. The total value of the transaction stands at ₹225 crore for a combined area of 8,041 square feet. 

Each of the two apartments comes with five designated parking spaces, an essential feature for residents in this elite neighborhood. The registration documents also reflect a substantial stamp duty payment of approximately ₹4.41 crore and ₹4.39 crore for the respective units, in addition to a nominal registration fee of ₹30,000 for each property. Such significant stamp duty payments signify the high stakes involved in the luxury real estate market in Mumbai, where property values have experienced notable appreciation over the years.

Oberoi Three Sixty West stands out as a premier residential development, known for its exquisite living spaces and a plethora of high-end amenities. The project comprises two towers featuring a mix of 4 BHK and 5 BHK apartments, alongside exclusive duplex units and penthouses. Spread over 1.58 acres, the development offers a total of 284 luxury units, each meticulously designed to blend sophistication and comfort. The project received its occupation certificate in 2022, allowing residents to experience the opulent lifestyle that it promises.

Luxury amenities at Oberoi Three Sixty West cater to the desires of affluent residents, including state-of-the-art fitness centers, lavish swimming pools, landscaped gardens, and round-the-clock concierge services. These features contribute to an unparalleled standard of living. The prime location in Worli enhances the project's appeal, offering proximity to key business districts, high-end shopping centers, and elite educational institutions, making it a highly desirable address for Mumbai's elite.

GreatWhite Global’s investment is part of a broader trend where corporate entities and high-net-worth individuals are increasingly looking to luxury real estate as a strategic asset. In recent years, Mumbai’s luxury market has seen a surge in high-profile transactions, with wealthy individuals from various sectors—ranging from Bollywood to business and sports—making substantial property purchases.

This shift can be attributed to several factors. The luxury real estate sector in Mumbai has demonstrated resilience and growth, even amidst economic fluctuations. Properties in prime locations like Worli are viewed as secure investments that tend to appreciate over time. Additionally, owning a luxury residence serves as a status symbol for many affluent individuals, solidifying their social standing within elite circles.

The acquisition by GreatWhite Global not only highlights the ongoing demand for luxury residential properties but also signals the potential for further growth in Mumbai's real estate market. As corporations and wealthy individuals continue to invest in high-end properties, it creates a ripple effect that may lead to increased demand and higher property values.

Image source- oberoirealty.com

In response to this trend, real estate developers might accelerate the launch of new luxury projects aimed at catering to the rising expectations of buyers. This could also pave the way for the introduction of more exclusive features and amenities in future developments, further enhancing the attractiveness of the luxury market.

GreatWhite Global’s purchase of two high-end apartments in Mumbai’s Oberoi Three Sixty West project marks a significant transaction in the city’s luxury real estate landscape. As the demand for premium properties continues to rise, this acquisition reflects the evolving dynamics of the real estate market, where corporate investments are becoming increasingly common.