Woodstock Estate Director signs a big-ticket deal of Rs.97.40 crore in Mumbai

The director of a famous real estate firm Woodstock Estate LLP, Rajesh Labhubhai Lakhani, and his family has bought a sea-view apartment in a super-premium residential tower in Mumbai’s posh area Worli for about Rs.97.40 crore.

The luxury apartment is expanded across 14,911 sq ft and is located on the 44th floor of the Three Sixty West project.  According to the documents accessed by Zapkey showed that the apartment comes with an area of 884 sq ft and seven car parkings. 

According to the document, the owners of the flat are, Rajesh Labhubhai Lakhani, Saroj Rajesh Lakhani and Vimal Labhubhai Lakhani. The documents were registered on May 29, 2024, and the seller of the deal is Oasis Realty.

The document shows, Mavjibhai Shamjibhai Patel, Rasikaben Mavjibhai Patel and Munjal Mavjibhai Lakhani have bought the property located in the project, Oberoi 360 West, in Mumbai.

Lakhani is related to promoters of Kiran Gems who have also bought a 16,000 sq ft sea-facing apartment in the luxury project Oberoi 360 West in Mumbai for Rs.97.4 crore.

The report says that, Kiran Gems had posted a video on their LinkedIn platform last year showcasing their Trading Hub at the Surat Diamond Bourse.

During 2021, a bungalow in Worli was sold to a Surat-based diamond firm headed by Ghanshyambhai Dhanjibhai Dholakia for a staggering Rs.185 crore. Panhar bungalow consists of a basement and ground-plus-six storeyed structure located opposite Worli sea face, one of the sought-after locations in Mumbai. It occupies an area measuring 19,886 square feet and was purchased by Harikrishna Exports Private Limited from Arkay Holdings Limited.

A series of deal was signed in 2023, total 28 apartments were sold in Three Sixty West’s Tower B were purchased by D Mart owner Radhakishan Damani’s immediate family and close associates. The deal was signed with a sum of Rs.1,238 crore.

Three Sixty West by Oberoi Realty is a project which consists of two towers - Tower A with 66 floors and 28 apartments, while Tower B has 90 floors and 256 units including 4BHK, 5BHK, duplex configurations. It also has two penthouses of 11,036 sq ft each.

The sea-view project got its name because of its height, which is 360 metres and all apartments face the west. It is a ready-to-move-in uber luxury housing project.

As per the data provided by MahaRERA, Three Sixty West project is registered in the name of Oasis Realty as the promoter, and has four promoters including SkyLark Buildcon Pvt Ltd, and Shree Vrunda Enterprises, part of Sudhakar Shetty’s Sahana Group, and Oberoi Constructions Ltd and Astir Realty LLP which are Vikas Oberoi promoted companies.