Indiana Group Acquires Ultra-Luxury Apartment in Mumbai’s Prestigious Oberoi 360 West for ₹76 Crore

In an extraordinary move signaling the rising demand for premium residences, Indiana Group, a pioneering leader in structural steel fabrication, has acquired a luxurious sea-facing apartment in Mumbai’s renowned Oberoi 360 West project. This opulent purchase, recorded at an impressive ₹76 crore, highlights the Group’s diversification into high-end real estate, as confirmed by property documents accessed via Zapkey.com.

A Spacious Masterpiece

Nestled on the 19th floor, the apartment spans a sprawling 5,395 sq ft carpet area, complemented by an additional 219 sq ft of exclusive space. The per-square-foot rate for the apartment exceeds ₹1.41 lakh, underscoring the unmatched allure of this ultra-luxury residence.

A Legacy of Innovation

Founded in 1970, Indiana Group began as a grating fabricator and has since evolved into a multifaceted conglomerate with expertise in structural steel fabrication, bridges, gratings, and bulk material handling systems. Their commitment to quality and innovation has earned them recognition across diverse industries.

The transaction, executed under Indiana Engineering Works Pvt Ltd, was officially registered on December 12, solidifying the Group’s entry into Mumbai’s elite luxury housing market.

About Oberoi 360 West

Developed by the acclaimed Oberoi Realty, the Oberoi 360 West project epitomizes luxury living. This prestigious project boasts two towers housing 4 BHK and 5 BHK units, duplex apartments, and penthouses, each offering breathtaking sea views. With its 360-metre height, the project is a towering symbol of opulence and grandeur.

The property received its Occupation Certificate (OC) in 2022, cementing its position as one of Mumbai’s most sought-after residential addresses. Apartments in this project are synonymous with exclusivity, attracting high-net-worth individuals (HNIs) and celebrities alike.

Notable Residents and Record-Breaking Deals

Oberoi 360 West continues to captivate Mumbai’s elite. Notable figures, including Bollywood actor Shahid Kapoor, Radhakrishna Damani (promoter of D’Mart), and Vadilal Bhai Shah (Everest Masala Group’s promoter), have secured their places in this illustrious address.

Earlier this year, Shahid Kapoor and his wife, Mira Kapoor, purchased a 5,395 sq ft apartment in this project for approximately ₹60 crore. Similarly, in October, the Kabra family, promoters of RR Kabel Ltd, acquired two apartments worth ₹198 crore.

The Broader Trend of Luxury Housing Demand

This extraordinary interest reflects the broader trend of luxury housing demand, driven by affluent buyers’ preferences for spacious living and state-of-the-art amenities. A recent report by CBRE emphasizes how NRI investments and discerning domestic buyers are reshaping the luxury real estate landscape in India.

The Future of Luxury Real Estate

With its unmatched elegance, prime location in Worli, and panoramic sea views, Oberoi 360 West continues to set benchmarks in the luxury housing segment. Indiana Group’s entry into this elite circle not only reinforces its diversified vision but also underscores the enduring appeal of Mumbai’s luxury real estate market.