Worli: Mumbai’s Crown Jewel for High-Value Real Estate Deals
Worli has firmly established itself as Mumbai’s most sought-after destination for luxury real estate. With elite residential towers like Oberoi Three Sixty West, Naman Xana, Lodha World Towers, Birla Niyaara, Raheja Artesia, and Sugee Marina, this vibrant locality has become a hotspot for high-value property transactions.
Over the past few years, Worli has witnessed several notable high-value property transactions, particularly in luxury developments such as Oberoi Three Sixty West and Lodha World Towers. These landmark deals reflect the area’s status as the ultimate destination for India’s elite.
Sandeep Sadh, a renowned real estate expert, says, “Worli has transformed into the pinnacle of luxury living in Mumbai. With its world-class residential towers, premium commercial spaces, and seamless connectivity, it’s no surprise that this area has become the top choice for high-net-worth individuals and global investors alike. The recent transactions in Palais Royale, Oberoi Three Sixty West, and Lodha World Towers reaffirm Worli’s unmatched value in Mumbai’s real estate market.”
Recent Landmark Transactions
Oberoi Three Sixty West
- December 2024: Seema Singh, part of Alkem Laboratories' promoter group, purchased a 14,000 sq ft luxury apartment on the 30th floor of Lodha Sea Face in Worli for ?185 crore, marking the second-largest luxury apartment deal in Mumbai in 2024.
- November 2024: Shreegopal Kabra, Managing Director of RR Kabel, and his family acquired two luxury sea-view apartments on the 62nd floor, totaling 13,809 sq ft, for ?198 crore, including ten car parking slots.
- August 2024: Ashley Nagpal, promoter of Ebco Pvt Ltd, purchased a 7,139 sq ft apartment on the 60th floor for ?115 crore, equating to approximately ?1.62 lakh per sq ft.
- May 2024: Bollywood actor Shahid Kapoor acquired a sea-view luxury apartment spanning 6,176 sq ft on the 24th floor for ?60.4 crore, his second purchase in the same tower.
Lodha World Towers
- October 2024: Great White Global, a manufacturer of electrical accessories, purchased two apartments, each measuring 8,041 sq ft, on the 52nd and 56th floors for a combined ?225.11 crore, with ten parking spaces per apartment.
- May 2024: Karan Bhagat, founder and CEO of 360 One, bought two sea-view properties on the 45th and 46th floors, covering a total area of 12,896 sq ft, for over ?170 crore.
Other Notable Transactions in Worli
- December 2024: Yatin Shah, co-founder of 360 One, purchased a duplex penthouse spanning over 10,312 sq ft for ?158.51 crore, setting a new benchmark with a per-square-foot price of ?1.54 lakh.
- September 2024: Runwal Realty acquired Kansai Nerolac Paints' 4-acre land in Worli for ?800 crore, with plans for a luxury residential project worth ?8,000 crore.
Palais Royale: Redefining Luxury Living
Among Worli’s stellar real estate offerings is the iconic Palais Royale, India’s tallest and most prestigious residential tower. Known for its unparalleled luxury and breathtaking sea views, Palais Royale has become a beacon for high-net-worth individuals seeking exclusivity and opulence.
Details of the Recent Transactions:
- Buyers: Members of the Malik family, promoters of Metro Brands.
- Location: 61st and 62nd floors of Palais Royale.
- Total Area: Over 23,000 sq. ft..
- Price Per Sq. Ft.: Above ?1.07 lakh, making it one of the costliest residential deals in India.
Individual transaction details include:
- Apartment 61 South West: 7,687 sq. ft., purchased for ?81 crore.
- Apartment 61 North West: 7,672 sq. ft., acquired for ?81 crore.
- 62nd Floor Apartment: 7,672 sq. ft., sold for ?81 crore.
Why is Worli So Desirable?
- Prime Location: Strategically situated between South Mumbai and the suburbs, with seamless connectivity via the Bandra-Worli Sea Link.
- World-Class Infrastructure: Hosts elite schools, hospitals, business hubs, and luxury retail.
- Iconic Developments: Residential marvels like Oberoi Three Sixty West, Lodha World Towers, and Raheja Artesia redefine luxury.
- High-Value Transactions: Record-setting deals have made Worli synonymous with prestige and exclusivity.
Conclusion: A Luxury Buyer’s Paradise
With each high-value deal, Worli continues to solidify its standing as Mumbai’s luxury real estate capital. Projects like Palais Royale, Sugee Marina, and Raheja Artesia offer discerning buyers the perfect blend of location, exclusivity, and opulence. These iconic towers are not just residences; they are statements of prestige and affluence.
Whether you’re an investor or a luxury homebuyer, Worli remains the ultimate destination for making your mark in Mumbai’s booming real estate market.