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Vedanta family buys flat in Raheja Legend, Worli

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Vedanta family buys flat in Raheja Legend, Worli

Vedanta family buys flat in Raheja Legend, Worli

Vedanta family buys flat in Raheja Legend, Worli

Vedanta family buys flat in Raheja Legend, Worli

Worli has been in the news for the past few years and especially when it comes to high value transactions.

Worli is surely the New City Centre and with prime buildings and large apartments developed like Oberoi Three Sixty West, Raheja Artesia, Raheja Legend, Lodha World Towers Ciel, Rustomjee Crown, Trump Towers are the most desired apartments as the buildings are new and the Billionaires in India prefer now to stay in buildings which are new with like minded and similar profile families.  Most importantly most of the residents have bought properties at similar values so the profile remains more or less the same, be it the Top Industrialists, Bankers, Venture Capitalists or CEO or CMD of the Indian Corporate World and of the MNC’s in India.

These select buildings in Worli have limited options and only a few handful of large apartments with 3000 sq ft plus areas etc, which is the minimum required for any one looking for a large 3 or a 4 bedroom apartment.

Recently Birla Estates launched a new project named Birla Niyara there and the same did business upwards of 1500 Cr.

The apartment bought by the Vedanta family is in Raheja Legend which is located on Dr.Annie Beasant Road and commands a 360 Degree View since there is only 1 flat per floor. To the West is the Sea and Raheja Legend is one of the only buildings which is closest to the Sea as it touches the Dr.Annie Beasant Road and there are no other buildings obstructing view. Towards the East, the view of the entire Lodha Buildings and Rustomjee Crown and India Bulls Sky Forest etc and the eastern sea front.

The apartment bought by Mrs.Kiran Agarwal is on the 36th Floor admeasuring approximately 3000 Sq.ft Carpet at Rs.45 Cr. The Per Sq.ft Rate becomes close to 1.45 Lakhs Per Sq.ft.

From the year 2020 to 2022 a lot of High Value Transactions have been reported either by Celebrities or by Industrialist in Mumbai City and Worli has seen a majority of them in Raheja Artesia, Oberoi Three Sixty West, recently Mr.Ranveer Singh (Actor) bought a 4 level apartment in Bandra.

Its interesting to see how well maintained buildings with already High Profile families are attracting other families as well. Omkar 1973 which was touted the best building when it started construction has prices nearly @50000/- PSF, RNA Mirage is also at similar values.
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About the author
Sandeep Sadh

About Sandeep Sadh

Sandeep Sadh has been in the real estate business since 1993 in Mumbai. He has expertise in Buying, Selling, Leasing properties in Mumbai and a deep understanding of legal and tax related matters due to his experience.

Summary

Over the years, he has experienced the City's growth. He has been a columnist in the Times of India with numerous articles, which bring about a clear picture of the real estate market in Mumbai. He is a regular on NDTV, CNBC, ET Now Real Estate and Zee News, giving his experienced quotes as and when required.

Sandeep Sadh has used information and technology since the year 1998 and now what people call it Prop Tech to cater to the needs of Home Buyer, Seller, Investor and Corporates, HNI and NRI looking to Buy/Sell or Lease their properties in the Mumbai Property Market.

Sandeep has a holistic experience of real estate be it Leasing an Apartment for your CEO in the most upmarket buildings, to enter into a long lease for your office in Mumbai in prime buildings or an Investment in good projects with a detailed analysis keeping in mind the Demand and Supply and other micro factors of the project/property.

Sandeep Sadh has developed a few websites like www.mumbaipropertyexchange.com, www.realestatemumbai.com, www.propi.in which augment the real estate consulting business.

Right from Investments in Primary Markets to Selling, leasing and specializing for NRI’s all over the world. He is an expert in NRI Home Buying and Selling and has a good understanding of the Income Tax laws pertaining to Selling a Property and Repatriating funds overseas or reinvesting based on Capital Gains etc.

Experience

  • Residential Leasing
  • Commercial Leasing
  • Residential Home Buying
  • Commercial Property Buying
  • Investment Properties with complete Property Management as your Real Estate Family office

While transacting in the above segments, he has complete experience and deep understanding of the paper work, his areas of expertise are :

  1. Drafting of the Leave and License Agreements
  2. MOU for Buying/Selling Properties
  3. Drafting Agreement for Sale
  4. Gift Deeds
  5. Computing of Capital Gains with current ready reckoner values
  6. Drafting of Supporting Power of Attorney.

As an add on Service, Sandeep Sadh has tied up with various Professionals like Lawyers and Chartered Accountants who add value in transacting and specially services for Non Resident Indians.

Application to Income Tax for Lower Tax Deduction Certificate – Through a qualified CA and keeping a grip on the traction so that the remittance back to Non Resident Indians after Selling the property is seamlessly transferred.

You can connect with Sandeep Sadh on ssadh@mumbaipropertyexchange.com

LinkedIn - https://www.linkedin.com/in/sandeepsadhmpe/

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