Everest Food Products Promoters Acquire Luxury Apartments in Mumbai Valued at Over ₹143 Crore

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The promoters behind the renowned spices brand, Everest Food Products, have made significant acquisitions in Mumbai’s upscale real estate sector. Recent documents accessed by sources revealed that they’ve purchased two lavish apartments at Three Sixty West by Oberoi Realty, amounting to a staggering total of more than ₹143 crore.

The promoters behind the renowned spices brand, Everest Food Products, have made significant acquisitions in Mumbai’s upscale real estate sector. Recent documents accessed by sources revealed that they’ve purchased two lavish apartments at Three Sixty West by Oberoi Realty, amounting to a staggering total of more than ₹143 crore.

One of the transactions, valued at ₹70 crore, was officially registered on November 29, encompassing a sprawling 6921 square feet unit. The seller in this instance was SKS Infrabuild Pvt Ltd, with a stamp duty payment of ₹2.22 crore accompanying the deal. Another luxurious apartment, priced at ₹73.50 crore, was registered earlier on November 7, purchased directly from Oberoi Realty. The stamp duty for this acquisition amounted to ₹2.42 crore.

In a separate transaction on October 30, one of the promoters secured an apartment worth ₹73.50 crore, spanning 6130 square feet of carpet area with an additional 164 square feet. This deal, inclusive of six parking spaces, was sealed with a stamp duty payment of ₹2.40 crore.

The opulent project, Three Sixty West by Oberoi Realty, features exclusively designed 4BHK and 5BHK residential units, boasting stunning sea views. Consisting of two towering structures, this ready-to-move-in development stands tall at a height of 360 meters, offering an aura of luxury to its occupants with every apartment facing the west.

Developed by Oasis Realty, a collaboration between Sudhakar Shetty’s Sahana Realty and Vicky Oberoi of Oberoi Realty, the project has attracted considerable attention from high-profile buyers. Earlier this year, family members and associates of Radhakrishna Damani, the visionary behind D’Mart, purchased 28 housing units valued at ₹1,238 crore within the same project.

Notably, Oberoi Realty had disclosed in a regulatory filing back in February that its shareholders had sanctioned the acquisition of residential premises in the Oasis Realty project for up to ₹4,000 crore in December 2022. This transaction was classified as a materially related party engagement, as stated in the filing.

Despite attempts, Oberoi Realty could not be reached for comment, while Everest Food Products Private Limited remained inaccessible for clarification regarding these high-value acquisitions.

Sources By Agencies

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