The deal values the apartment at nearly Rs 1.62 lakh per square foot based on a carpeted area of 7,139 sq ft, making it one of the most expensive residential property transactions anywhere in the country.
Nagpal along with his wife Bianca A Nagpal has acquired this property on the 60th floor or 44th habitable floor in Oberoi 360 West directly from the developer. Oberoi Real EstateIn addition to the carpeted area, the house also has an additional area of 164 square feet.
As the same flat is being transferred within three years of the previous registration which attracted a stamp duty of Rs 2.86 crore, the new buyer has paid the differential stamp duty of Rs 4.55 crore, the document accessed through Zapkey.com showed.
As part of the deal, which was recorded on August 28, buyers will also gain exclusive access to five parking spaces in the tower.
Email queries sent separately by ET to Ashley Nagpal and Oberoi Realty remained unanswered till the time of going to press.Residential property sales The top eight cities have witnessed an upward trend over the past three years, driven by strong demand in the mid-income, premium and luxury segments. Mumbai, as the largest and most expensive real estate market in the country, led this trend, breaking new records in property transactions and achieving exceptional performance almost every month.
The country’s financial capital continued its upward trajectory and record-breaking streak by posting its best-ever performance in August, led by strong sales and stamp duty collections despite higher mortgage rates and steadily rising property prices.
The city’s steady sales momentum has been driven by sustained buyer confidence, surpassing 10,000 units in monthly registrations for the first eight months of 2024. This marks eleven consecutive months of annual growth since August 2023.
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