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Zydus Family Trust buys 200 crore luxury apartment in Mumbai's Worli

Mar 28, 2025 03:30 PM IST

Mumbai real estate update: The 17,384-sq ft apartment is located in Oberoi Three Sixty West, a luxury project by Oberoi Realty

The Zydus Family Trust, associated with Zydus Lifesciences Limited (formerly Cadila Healthcare Limited), a leading Indian pharmaceutical company, has purchased a 200 crore luxury apartment in Mumbai's Worli, according to property registration documents accessed by IndexTap.com.

Mumbai real estate: The Zydus Family Trust, associated with Zydus Lifesciences Limited (formerly Cadila Healthcare Limited), a leading Indian pharmaceutical company, has purchased a <span class='webrupee'>₹</span>200 crore luxury apartment(Mehul R Thakkar/HT)
Mumbai real estate: The Zydus Family Trust, associated with Zydus Lifesciences Limited (formerly Cadila Healthcare Limited), a leading Indian pharmaceutical company, has purchased a 200 crore luxury apartment(Mehul R Thakkar/HT)

The 17,384-sq ft apartment is located on the 61st floor of Oberoi Three Sixty West, a luxury project by Mumbai-based real estate firm Oberoi Realty. Documents show that the apartment has been sold for around 1.15 lakh per sq ft.

According to the documents, the apartment was purchased with a stamp duty of 7.04 crore and a registration fee of 30,000.

The apartment was bought along with eight car parking spaces, and the transaction for the apartment was registered on March 27, 2025.

Also Read: Are Mumbai real estate prices moderating, giving homebuyers more room to negotiate?

The apartment has been purchased in the name of the Zydus Family Trust, which lists Pankaj Patel, Priti Patel, and Sharvil Patel as the buyers, according to the documents. The Zydus Family Trust is affiliated with Zydus Wellness and is held by the Patel family.

An email query has been sent to Oberoi Realty. Zydus Family Trust could not be reached for comment. The story will be updated if a response is received.

Also Read: Here's why high-net-worth individuals may be selling their properties in Mumbai’s real estate market

About Oberoi Three Sixty West project

Oberoi Three Sixty West is a luxury residential project by Oberoi Realty. It has two towers with 4 BHK and 5 BHK units, duplex apartments, and penthouses. The project received an occupation certificate in 2022.

Oberoi Three Sixty West is home to several Bollywood celebrities and high-net-worth individuals. Among its distinguished residents are Bollywood actor Shahid Kapoor, D’Mart founder Radhakrishna Damani, and Everest Masala Group’s promoter.

Other notable homeowners include RR Kabel’s promoter Shreegopal Kabra and his family, businessman Vadilal Bhai Shah, decor brand founder Vratika Gupta, and Ashley Nagpal, promoter of Ebco Pvt Ltd, a leading furniture fittings and accessories firm.

These affluent individuals have invested in sea-facing luxury apartments within the prestigious Oberoi Realty development.

In December 2024, Jagdish Master, director of Deep Financial Consultants, has purchased a 105 crore apartment in a property in the Worli area of Mumbai, according to property registration documents accessed by Zapkey.com

Also Read: QiCAP.AI's co-founder Amit Rathi buys luxury apartment for 90 crore in India's tallest building in Mumbai

In November 2024, Jagdish Master's wife, Urjita Jagdish Master, bought a luxury apartment for 105 crore in the same building on the 59th floor.

In December 2024, Indiana Group, a diversified group focused on structural steel fabrication, also made another deal. The group bought a property in Mumbai's Worli area's Oberoi 360 West project for 76 crore, documents accessed by Zapkey.com showed.

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