Luxury Home Decor Brand CEO Vratika Gupta Acquired Opulent Home in Mumbai

Vratika Gupta, the person who is behind the upscale home decor brand Maison Sia, bought a fancy luxury apartment in the 'Three Sixty West' tower of Mumbai for over Rs. 116.42 crore. This luxurious residence, situated in a super-luxury tower in Lower Parel, offers a stunning view of the sea. Notably, this transaction stands out as the first single residential deal this year to surpass the Rs 100 crore mark, according to IndexTap.com, a real estate data analytics firm. Vratika Gupta's purchase marks a significant real estate investment, showcasing a growing trend of high-value transactions in the housing market.

The official registration of the property was completed on January 7, 2024. Her apartment cost Rs 5.82 crore in stamp duty. In 2023, the twin-tower complex known as "Three Sixty West" made headlines when it recorded the largest real estate transaction in India. At that time, family members and friends of Radhakrishna Damani, the founder of D'Mart, paid Rs. 1,238 crore for 28 units in Mumbai. The dates of the transactions were February 3, 2023. 

Reportedly,Vratika Gupta embarked on her fashion journey at Anjuman Fashions Ltd and holds degrees from the Pearl Academy of Fashion and NIFT. Between 2009 and 2011, she contributed as a designer for Anju Modi. Currently she is the founder & CEO of luxury home décor brand Maison Sia. Despite these details, Gupta has chosen not to provide any comments on the recent developments.She is also the first female owners of Rolls-Royce Cullinan Black Badge SUV, which is around Rs. 12.25 crore.

As per the real estate data analytics firm IndexTap.com, Gupta’s deal marks 2024's first single residential deal surpassing the Rs.100 crore mark.The property comes with 12,138 square feet and eight parking spots, the Lower Parel apartment owned by Vratika Gupta offers substantial living space.

According to the recent report of Anarock, about 58 ultra-luxury homes priced above Rs.40 crore were sold across seven major cities last year of which 53 were in Mumbai. The city's real estate market reported a total of 1,14,652 registrations between January and November 2023, a 2 percent year-on-year (YoY) increase compared to 1,12,668 registrations in 2022.