The promoter group of Everest Meals Merchandise, famend for its Everest model of spices, has just lately acquired an expensive sea-view house in Mumbai’s upscale Worli space for a staggering quantity of over Rs 73.50 crore. In line with an ET report, the house, which spans over 6,130 sq. ft, is situated on the thirty seventh ground of the Oberoi Three Sixty West toweron Dr.Annie Besant Highway. This deal has a price of over Rs 1.16 lakh per sq. foot.
The customer had a cope with Oberoi Realty, the challenge developer, and the house was efficiently registered on October 30. Moreover, the client will even have entry to a further 164 sq. ft of house adjoining to the house, together with six automobile parking slots, in keeping with the paperwork quoted by the monetary every day.
To finish the registration course of, the client paid roughly Rs 2.41 crore as stamp responsibility. It’s value noting that Oberoi Realty bought the house inside three years of buying it from their three way partnership accomplice, Sahana Group. In line with the prevailing laws, the state exchequer solely levies stamp responsibility on the revenue from such transactions if the property is resold inside three years of its authentic acquisition settlement with the developer.
Regardless of reaching out to Everest Meals Merchandise and Oberoi Realty for feedback, each events remained unavailable for response on the time of reporting.
Everest Meals Merchandise, established in 1967, is India’s largest producer and a distinguished exporter of pure and blended spices.
The Oberoi Three Sixty West challenge contains two towers, one among which homes The Ritz-Carlton Resort, whereas the opposite options luxurious residences managed by The Ritz-Carlton. Oberoi Realty bought over 60 residences on this challenge from its developer, Oasis Realty, a three way partnership between Oberoi Realty and Sahana Group. The entire funding made by Oberoi Realty to Sahanato purchase out its stock within the challenge quantities to Rs 4,000 crore.
Along with this latest buy, Oberoi Realty additionally acquired an expensive penthouse in the identical challenge, setting a report for one of many largest single house offers in India, valued at Rs 230.55 crore. BK Goenka, from the Welspun Group, additionally bought a penthouse of the same dimension in Oberoi Three Sixty West for a similar quantity.
Earlier this 12 months, ET reported on varied high-value transactions carried out by famend company personalities, together with Radhakishan Damani, the billionaire investor and founding father of the retail chain DMart, alongside along with his members of the family and associates.
The customer had a cope with Oberoi Realty, the challenge developer, and the house was efficiently registered on October 30. Moreover, the client will even have entry to a further 164 sq. ft of house adjoining to the house, together with six automobile parking slots, in keeping with the paperwork quoted by the monetary every day.
To finish the registration course of, the client paid roughly Rs 2.41 crore as stamp responsibility. It’s value noting that Oberoi Realty bought the house inside three years of buying it from their three way partnership accomplice, Sahana Group. In line with the prevailing laws, the state exchequer solely levies stamp responsibility on the revenue from such transactions if the property is resold inside three years of its authentic acquisition settlement with the developer.
Regardless of reaching out to Everest Meals Merchandise and Oberoi Realty for feedback, each events remained unavailable for response on the time of reporting.
Everest Meals Merchandise, established in 1967, is India’s largest producer and a distinguished exporter of pure and blended spices.
The Oberoi Three Sixty West challenge contains two towers, one among which homes The Ritz-Carlton Resort, whereas the opposite options luxurious residences managed by The Ritz-Carlton. Oberoi Realty bought over 60 residences on this challenge from its developer, Oasis Realty, a three way partnership between Oberoi Realty and Sahana Group. The entire funding made by Oberoi Realty to Sahanato purchase out its stock within the challenge quantities to Rs 4,000 crore.
Along with this latest buy, Oberoi Realty additionally acquired an expensive penthouse in the identical challenge, setting a report for one of many largest single house offers in India, valued at Rs 230.55 crore. BK Goenka, from the Welspun Group, additionally bought a penthouse of the same dimension in Oberoi Three Sixty West for a similar quantity.
Earlier this 12 months, ET reported on varied high-value transactions carried out by famend company personalities, together with Radhakishan Damani, the billionaire investor and founding father of the retail chain DMart, alongside along with his members of the family and associates.
