Zydus Family Trust Acquires ₹200 Crore Luxury Apartment in Mumbai’s Worli

The Mumbai real estate market has once again witnessed a high-profile transaction with the Zydus Family Trust securing a ₹200 crore luxury apartment in the upscale Oberoi Three Sixty West project in Worli. According to property registration documents accessed by IndexTap.com, the apartment spans 17,384 square feet and is situated on the 61st floor of the high-end residential tower developed by Oberoi Realty. The purchase, registered on March 27, 2025, is one of the largest residential real estate deals in recent times in Mumbai’s luxury housing segment.

Details of the Landmark Transaction

The luxury apartment was purchased at an estimated price of ₹1.15 lakh per square foot, reflecting the premium value of high-end properties in Mumbai’s Worli district. The transaction also included eight car parking spaces, a common feature in such high-value real estate deals. The Zydus Family Trust paid a stamp duty of ₹7.04 crore along with a registration fee of ₹30,000 to formalize the acquisition.

According to property documents, the purchase was made in the name of the Zydus Family Trust, which is linked to Zydus Lifesciences Limited (formerly Cadila Healthcare Limited), a major player in India’s pharmaceutical industry. The trust is held by the Patel family, with key buyers listed as Pankaj Patel, Priti Patel, and Sharvil Patel, who are prominent figures in the pharmaceutical and healthcare sectors.

About Oberoi Three Sixty West

Oberoi Three Sixty West is a premium luxury residential project developed by Mumbai-based real estate firm Oberoi Realty. The development consists of two towers featuring high-end residences, including 4 BHK and 5 BHK apartments, duplex units, and penthouses. The project received its occupation certificate in 2022 and has since been a preferred choice for ultra-high-net-worth individuals (UHNIs) and celebrities looking for opulent sea-facing homes.

The prestigious residential project boasts a list of well-known homeowners, including Bollywood actor Shahid Kapoor, D’Mart founder Radhakishan Damani, and Everest Masala Group’s promoter. Other notable residents include RR Kabel’s promoter Shreegopal Kabra and his family, businessman Vadilal Bhai Shah, decor brand founder Vratika Gupta, and Ashley Nagpal, the promoter of Ebco Pvt Ltd, a leading manufacturer of furniture fittings and accessories.

Growing Demand for Ultra-Luxury Properties in Mumbai

The purchase by the Zydus Family Trust is part of a larger trend of high-value transactions in Mumbai’s luxury real estate market, particularly in Worli. Several prominent businessmen and corporate leaders have recently invested in high-end residential properties in the area.

In December 2024, Jagdish Master, director of Deep Financial Consultants, acquired a ₹105 crore apartment in Worli, with his wife, Urjita Jagdish Master, securing another ₹105 crore apartment in the same building on the 59th floor just a month earlier.

Additionally, in December 2024, the Indiana Group, a company focused on structural steel fabrication, purchased a unit in the Oberoi Three Sixty West project for ₹76 crore, further emphasizing the strong demand for high-end properties in the area.

The acquisition of a ₹200 crore apartment by the Zydus Family Trust underscores the continued interest in Mumbai’s luxury real estate market among high-net-worth individuals. Oberoi Three Sixty West has emerged as one of the most desirable addresses in the city, attracting India’s elite from business, entertainment, and finance. With demand for ultra-luxury residences remaining robust, Mumbai’s Worli continues to establish itself as a prime hub for premium real estate investments.