Utpal Sheth and family buy luxury apartment in Worli for ₹123.3 crore

Utpal Sheth of Rare Enterprises bought a luxury apartment in Worli for ₹123.3 crore, featuring 15,735 sq. ft. and seven parking spaces

Mumbai: Utpal Sheth, chief executive officer and senior partner of Rare Enterprises of late billionaire-investor Rakesh Jhunjhunwala, has purchased an uber luxury apartment at Oberoi Three Sixty West in Worli for ₹123.3 crore. Rare Enterprises is a private equity investment firm based in Mumbai, by the late ace investor Rakesh Jhunjhunwala.

Oberoi Three Sixty West in Worli (HT Photo)

Sheth and his family purchased a high-end apartment building on the 54th floor, showed documents accessed from IndexTap.com, a proptech firm. For the ₹123.3 crore purchase, a stamp duty of ₹7.39 crore was paid and the deal registered on September 15. The apartment is spread across 15,735 sq. ft. and comes with a seven-parking space.

The project is part of Oberoi Realty in a joint venture with Oasis Realty and has two buildings having apartments in the configuration of 4 and 5BHKs, apart from duplexes and penthouses.

Tower A has 66 floors and 28 apartments, while Tower B has 90 floors and 256 units. The transaction document shows that the deal was inked between the family and Oasis Realty.