Top New Projects in Mumbai

For Complete Project Orientation Call Sandeep Sadh at 9820030685 or WhatsApp - Preferred Channel Sales Agent of DLF.

Mumbai's Commercial Real Estate: A Booming Market Amid High Absorption and Limited Supply

Mumbai’s commercial real estate sector continues to thrive, demonstrating remarkable resilience and strength. Despite the limited pipeline of new Grade-A constructions, the market is witnessing significant leasing and purchase activity, reflecting robust demand. Recent high-profile transactions, including Nippon Life India Asset Management’s acquisition of premium office space in One Lodha Place and notable leases in Raheja Altimus, paint a compelling picture of the city’s thriving commercial real estate landscape.

Nippon Life's Strategic Move to One Lodha Place

Nippon Life India Asset Management has recently acquired 52,162 sq. ft. of prime office space across two floors in One Lodha Place, Lower Parel, for ?486 crore. This LEED-Platinum certified tower, located in the bustling Lower Parel business district, symbolizes the city's growing appetite for sustainable, state-of-the-art commercial developments.

The acquisition marks a significant milestone for Nippon Life, as it transitions its headquarters from Peninsula Business Park to this landmark property. Designed by Pei Cobb Freed & Partners, One Lodha Place is recognized for its cutting-edge amenities, renewable energy-powered infrastructure, and exceptional connectivity, making it a magnet for top-tier organizations.

Raheja Altimus: A Hub of High-Value Leasing

While Lower Parel has emerged as a hotbed for commercial activity, other key locations like Worli are also witnessing heightened demand for premium office spaces. Raheja Altimus, a prestigious development in Worli, has become a preferred choice for global corporations.

In October 2022, Morgan Stanley leased 86,200 sq. ft. across the 39th and 40th floors of Raheja Altimus for a 10-year term, underscoring the building's appeal. Following this, Barclays Bank secured 64,000 sq. ft. on the 32nd and 33rd floors, and BlackRock Services India leased 42,700 sq. ft. earlier this year. These transactions highlight the sustained interest from leading financial institutions in Grade-A office spaces in Mumbai.

Worli-Lower Parel: The Rising Star in Mumbai's Commercial Landscape

While the Bandra-Kurla Complex (BKC) has long been Mumbai's premier commercial hub, the Worli-Lower Parel corridor is steadily emerging as a strong alternative. This zone offers a strategic mix of accessibility, cost efficiency, and modern infrastructure, making it highly attractive to businesses.

• Connectivity: The area boasts excellent accessibility to Western and Central suburbs through infrastructure like the Bandra-Worli Sea Link and upcoming metro lines.
• Cost-Effectiveness: With competitive rentals compared to BKC, the region provides unmatched value for businesses.
• Prestige: Developments like One Lodha Place and Raheja Altimus offer world-class amenities and a premium business environment.

A Thriving Market with Limited Supply

Mumbai’s commercial real estate market remains robust, with a high absorption rate and significant demand for premium-grade office spaces. However, the limited supply of new Grade-A developments has made properties like One Lodha Place and Raheja Altimus even more coveted.

As Mumbai’s business ecosystem evolves, areas like Worli and Lower Parel are poised to become focal points for corporate expansion. With landmark transactions and strong demand driving the market, the city’s commercial real estate sector is set to scale new heights, offering exciting opportunities for businesses and investors alike.

Deepika Padukone and Ranveer Singh Lease an Apartment in Beaumonde, Prabhadevi

Bollywood’s power couple, Deepika Padukone and Ranveer Singh, have leased a spacious luxury apartment in Beau Monde Towers, Prabhadevi, for ?7 lakh per month. This decision reflects their need for more space and convenience as they prepare to welcome their new baby, while also awaiting the completion of their Bandra home.

Inside the Apartment

The apartment spans a built-up area of 3,245 sq. ft. with a carpet area of 2,319.50 sq. ft., providing ample living space for their growing family. It also comes with three dedicated car parking spaces, perfectly catering to their high-profile lifestyle.

The lease, registered in November 2024, is valid for 36 months, with the rent starting at ?7 lakh per month for the first 18 months and increasing to ?7.35 lakh for the next 18 months. A security deposit of ?21 lakh underscores the exclusivity of this premium property.

Why a Bigger Home?

With their growing family, the couple’s current apartment in Beau Monde Towers might feel too compact, especially with the additional paraphernalia that comes with a newborn. Opting for a larger rental is a practical choice, ensuring they have adequate space to comfortably manage their daily lives and childcare.

This trend isn’t new among Bollywood stars. When Alia Bhatt and Ranbir Kapoor welcomed their daughter Raha, they bought another apartment in Vastu Bandra, prioritizing more space for their family. Similarly, Deepika and Ranveer’s move is a thoughtful decision to accommodate their evolving needs.

Why Prabhadevi and Beau Monde Towers?

Beau Monde Towers, located in Prabhadevi, is renowned for its luxurious amenities and excellent connectivity. The newly constructed Mumbai Coastal Road Project, along with the Worli-Bandra Sea Link and Western Express Highway, makes traveling across the city seamless.

The area is also close to iconic landmarks like the Siddhivinayak Temple, Dadar Beach, and high-end shopping destinations such as High Street Phoenix. Additionally, proximity to five-star hotels in Worli, including the St. Regis Mumbai and the Four Seasons, adds convenience and luxury to their lifestyle.

Mumbai’s Growing High-End Lease Market

This move highlights the rising trend of high-value leases in Mumbai, especially among HNI (High Net-Worth Individuals) and celebrities. Premium rentals provide the flexibility to upsize quickly without the long-term commitment of buying, making them an ideal choice for stars like Deepika and Ranveer.

Luxury Meets Practicality

This spacious rental not only meets the couple’s immediate needs for more space but also ensures they maintain a luxurious, well-connected lifestyle. As Mumbai’s premium rental market continues to thrive, this move underscores the city’s evolving real estate dynamics, catering to the ever-changing aspirations of its elite residents.

For Deepika and Ranveer, this isn’t just a new address—it’s a strategic and thoughtful choice to support their growing family while maintaining their luxurious standard of living.

Managing a CHS involves understanding the roles of key office bearers, adhering to statutory compliances, conducting meetings, and handling property transactions. Here's a comprehensive guide to assist you:

Roles and Responsibilities of Office Bearers:

1. Chairman:

   • Leadership: Oversees the overall management and functioning of the society.
   • Supervision: Ensures that the society operates within the framework of the Maharashtra Co-operative Societies Act, 1960, and the society's bye-laws.
   • Decision Authority: Holds the final decision-making power in the committee meetings.

2. Secretary:

   • Administration: Manages day-to-day operations, including maintaining records, correspondence, and documentation.
   • Meetings: Calls and records minutes of committee and general body meetings.
   • Compliance: Ensures adherence to statutory requirements and timely submission of necessary documents to authorities.

3. Treasurer:

   • Financial Management: Handles the society's finances, including budgeting, accounting, and financial reporting.
   • Fund Management: Oversees the collection of maintenance charges and other dues, and manages the society's bank accounts.
   • Audit Coordination: Coordinates with auditors for the annual audit of the society's accounts.

4. Managing Committee Members:

   • Support: Assist office bearers in their duties and participate in decision-making processes.
   • Sub-Committees: May be part of various sub-committees formed for specific functions like maintenance, cultural activities, etc.

Statutory Compliances:

• Registration: Ensure the society is registered under the Maharashtra Co-operative Societies Act, 1960.
• Bye-Laws: Adopt and adhere to the Model Bye-Laws as prescribed by the Maharashtra government.
• Audits: Conduct annual audits and submit audit reports to the Registrar within the stipulated time.
• Annual Returns: File annual returns and other required documents with the Registrar.

Meetings:

• Managing Committee Meetings:

  • Frequency: Typically held monthly to discuss and manage the society's affairs.
  • Notice: The Secretary should provide at least 3 days' notice to committee members.

• Annual General Body Meeting (AGM):

  • Timing: Must be held before September 30th each year.
  • Notice: Members should receive a minimum of 14 days' notice prior to the AGM.
  • Agenda: Includes approval of accounts, budget discussions, election of committee members (if due), and other significant matters.

Property Transactions:

• Transfer of Flats (Sale):

  • Application: The seller must submit a transfer application to the society along with the necessary documents, including the sale agreement, NOC from the society, and transfer fees.
  • Approval: The managing committee reviews and approves the transfer as per the society's bye-laws.
  • Documentation: Update the share certificate and membership register to reflect the new member's details.

• Society NOC for Lease:

  • Application: Members intending to lease their flats must apply to the society for a No Objection Certificate (NOC).
  • Documentation: Provide details of the tenant, lease agreement, and police verification.
  • Approval: The managing committee grants the NOC after verifying compliance with the society's rules and regulations.

Additional Considerations:

• Maintenance Charges: Ensure timely collection and proper utilization of maintenance funds for the upkeep of the society.
• Dispute Resolution: Establish a grievance redressal mechanism to address member concerns amicably.
• Insurance: Consider insuring the society's building and assets against potential risks.

Adhering to these guidelines will facilitate the smooth functioning of your Co-operative Housing Society in Mumbai. Regular communication, transparency, and compliance with statutory requirements are key to fostering a harmonious living environment.

Selling a flat or any immovable property can lead to significant financial gains, but it also comes with tax implications. Understanding capital gains, the associated tax deducted at source (TDS), reinvestment rules, and the impact of incomplete projects is crucial for making informed decisions.

What are Capital Gains?

Capital gains are the profits earned from the sale of a capital asset, such as real estate. These are classified into two types:

1. Short-Term Capital Gains (STCG):

   • If the property is held for less than 24 months before selling, the profit is considered a short-term capital gain and taxed as per the seller's income tax slab.

2. Long-Term Capital Gains (LTCG):

   • If the property is held for more than 24 months, the profit qualifies as a long-term capital gain. LTCG is taxed at 20% with the benefit of indexation, which adjusts the purchase price for inflation.

What is TDS on Property Sale?

When selling a property worth ?50 lakh or more, the buyer is required to deduct 1% TDS (Tax Deducted at Source) on the sale price. This TDS is deposited with the government and can be claimed by the seller when filing income tax returns.

Key Points About TDS:

• The seller must provide their PAN details; otherwise, TDS may be deducted at 20%.
• The buyer is responsible for depositing the TDS and issuing Form 16B to the seller.

Reinvestment to Save Tax on Capital Gains

Section 54 of the Income Tax Act allows you to save tax on LTCG if you reinvest the gains in specified assets. Here’s how it works:

Eligible Reinvestment Options:

1. Purchase of a New Residential Property:

   • You must purchase a new house within 2 years from the date of sale or construct a house within 3 years.
   • The property must be located in India.

2. Capital Gains Account Scheme (CGAS):

   • If you're unable to reinvest within the specified time frame, you can deposit the capital gains in a CGAS account before the due date of filing your income tax return. The funds must be utilized within the prescribed period.

Is it Mandatory to Invest Only in Residential Property?

Yes, under Section 54, the tax exemption is available only if the reinvestment is in a residential property. Investments in other types of properties, such as commercial real estate, do not qualify for the exemption.

What if I Invest in a Project That Does Not Complete in 3 Years?

If you invest in an under-construction property and it is not completed within the 3-year timeline, the tax exemption claimed under Section 54 may be reversed. Here's what happens:

1. The exemption is treated as invalid, and the LTCG becomes taxable in the year the 3-year period lapses.
2. You may face penalties or interest for non-compliance.

Tips to Avoid Issues:

• Opt for ready-to-move properties or those with a strong track record of timely completion.
• Consider investing in a completed property if you’re nearing the 3-year deadline.

Other Key Considerations:

1. Can I Invest in Multiple Residential Properties?

   • Yes, but tax exemption under Section 54 is limited to one property. However, under certain conditions (e.g., if the LTCG does not exceed ?2 crores), you can claim exemption for up to two properties.

2. What Happens if I Miss the Reinvestment Deadline?

   • If you fail to reinvest within the prescribed period or deposit the gains in a CGAS account, the LTCG becomes taxable at 20%.

Conclusion

Navigating the complexities of capital gains tax, TDS, and reinvestment rules requires careful planning. Reinvesting your gains within the stipulated timelines in a residential property can help you save significantly on taxes. However, investing in under-construction projects carries risks if they fail to meet the completion deadlines.

When selling or reinvesting in property, consulting a tax expert or financial advisor can ensure compliance with tax laws and maximize your benefits.

Note: Picture for representation purpose only

Adani Realty's Bold Plans to Transform Mumbai's Real Estate Landscape

Adani Realty, the real estate arm of the Adani Group, is taking a significant leap in reshaping Mumbai’s urban development, with plans to deliver 6-8 million square feet of residential, commercial, and retail spaces. Among its flagship initiatives is a 25,000-seat convention centre near the upcoming Navi Mumbai Airport, poised to rival Mukesh Ambani’s Jio World Convention Centre in Bandra Kurla Complex (BKC). These plans highlight Adani's growing seriousness about the real estate sector, which is becoming a key pillar of its diversified portfolio.

Key Highlights

1. Adani’s Strategic Focus on Real Estate
   The Adani Group is increasingly prioritizing real estate as a core growth area, recognizing its potential to complement the group’s expansive infrastructure and energy portfolio. The group's active involvement in landmark projects such as Dharavi redevelopment, large-scale mixed-use developments, and its foray into luxury residential and commercial segments underline its commitment to becoming a significant player in the real estate market.

2. Navi Mumbai Airport’s Transformative Impact
   The Navi Mumbai Airport is set to redefine connectivity and urban planning in the region. Adani Realty’s developments strategically leverage this location, which offers improved access through the Atal Setu bridge and southern connectivity to Pune. This move not only positions Navi Mumbai as a hub for growth but also reflects the group's forward-looking approach to creating high-value urban zones.

3. Convention Centre with a Strategic Advantage
   Adani Realty’s planned 25,000-seat convention centre, located near the Navi Mumbai Airport, is designed to address connectivity challenges faced by existing venues like the Jio World Convention Centre in BKC. Spanning 3-3.5 million square feet, it will integrate five-star hotels, high-street retail, and corporate meeting spaces, creating a comprehensive ecosystem for events, commerce, and hospitality.

4. Integrated Ecosystems and Urban Renewal
   Adani Realty is focused on creating integrated urban ecosystems that blend residential, commercial, and retail spaces. Projects like the Navi Mumbai Airport development and the Bandra-Worli Sealink redevelopment demonstrate the group’s commitment to holistic urban renewal, offering modern infrastructure and sustainable planning to meet the city’s evolving needs.

5. Bandra-Worli Sealink Redevelopment
   Adani Realty’s 24-acre reclamation redevelopment project near the Bandra-Worli Sealink is another milestone in its real estate journey. This mixed-use development will feature 4.5 million square feet, with 3.5 million square feet allocated for residential spaces, reflecting Adani’s balanced approach to meeting both housing and commercial demands.

6. Expanding Horizons in Thane and Dharavi

   • In Thane, the group is transforming the former ACC campus into a premium residential project featuring six towers on an 18-acre site.
   • Adani Realty is also leading the redevelopment of Dharavi, Asia’s largest slum cluster, in a joint venture with the Maharashtra government. This high-impact project underscores the group’s commitment to large-scale, transformative urban renewal.

Adani Realty: A Growing Force in Indian Real Estate

Over the past 12 years, Adani Realty has rapidly expanded its footprint, developing 24 million square feet of projects and undertaking an additional 61 million square feet of developments across major cities like Mumbai, Ahmedabad, Gurugram, Pune, and Odisha. With a clear focus on luxury, sustainability, and integrated spaces, the company is emerging as a key player in India’s real estate landscape.

Meeting Mumbai’s Urban Challenges

Mumbai, grappling with overcrowding and limited space, urgently needs new zones for development. Navi Mumbai, with its open spaces, planned infrastructure, and connectivity through the Atal Setu bridge and southern links to Pune, offers a solution to these challenges. Adani Realty’s initiatives in the area reflect a clear understanding of the city’s future needs and an ability to deliver world-class projects.

A Serious Real Estate Player with a Vision for the Future

The Adani Group’s foray into real estate is no longer a side initiative but a central focus of its growth strategy. Its bold ventures, like the Navi Mumbai Airport development, Bandra-Worli reclamation, and Dharavi redevelopment, signal its intent to become a leading force in India’s real estate market. By combining its expertise in infrastructure with a sharp eye for urban development, Adani Realty is set to redefine Mumbai’s landscape and cement its reputation as a serious, long-term player in th

Suraj Estate Developers, a name synonymous with luxury and quality, continues to make strides in Mumbai’s real estate market. With a robust portfolio of premium residential and commercial projects, the group recently announced an 88% increase in its consolidated net profit for Q2 FY25, marking another milestone in its illustrious journey. Let’s explore how Suraj Estate is reshaping Mumbai with its ongoing projects and financial achievements.

Financial Milestone: Q2 FY25 Performance

Suraj Estate Developers reported an impressive 88% growth in consolidated net profit, reaching ?31.8 crore for Q2 FY25, compared to ?16.96 crore in the same quarter last year. The company's total income also rose to ?109.63 crore, up from ?103.7 crore year-on-year. This growth highlights their consistent delivery of high-quality developments and strategic investments in Mumbai’s prime locations.

Ongoing Projects: Crafting Luxury Across Mumbai

Suraj Estate’s ongoing projects cater to a range of clientele, from luxury homebuyers to first-time homeowners. Here’s an overview of their prominent developments:

Key Features of Suraj Projects

• Prime Locations: Strategically placed in South-Central Mumbai, these projects enjoy excellent connectivity and proximity to iconic landmarks such as the Bandra-Worli Sea Link and Siddhivinayak Temple.
• Luxurious Amenities: From modern gymnasiums to landscaped gardens, each project offers unparalleled amenities to enhance lifestyle experiences.
• Focus on Sustainability: Suraj is committed to environmentally responsible construction practices, ensuring a sustainable future for its residents.

Why South-Central Mumbai is Ideal for Suraj Estate

South-Central Mumbai, encompassing areas like Worli, Dadar, Prabhadevi, and Mahim, serves as the perfect canvas for Suraj Estate Developers. This region is renowned for its:

• Elite Residential Appeal: A hub for luxury homes sought by HNIs and corporate professionals.
• Redevelopment Potential: Numerous redevelopment opportunities align with Suraj's expertise in transforming old structures into modern masterpieces.
• Seamless Connectivity: Proximity to major business districts, transportation hubs, and premium lifestyle amenities makes it a coveted location.

Conclusion

Suraj Estate Developers exemplifies how thoughtful design, strategic planning, and a focus on customer satisfaction can create a legacy in the real estate sector. With a strong financial performance in Q2 FY25 and a stellar lineup of ongoing projects, Suraj is not just constructing buildings but also nurturing dreams and redefining lifestyles in Mumbai.

Here is an updated list of under-construction residential projects in Bandra East, Mumbai. These are the best investment options in entire Mumbai - Both Capital appreciation and lease rent due to its proximity to BKC.

Here's a comparison of South Mumbai, Bandra, Juhu, and Worli as premium property hotspots in Mumbai based on key factors such as real estate prices, lifestyle offerings, connectivity, and target demographics:

1. South Mumbai (Colaba, Marine Drive, Malabar Hill, etc.)

• Average Property Prices: Among the highest in India, often exceeding ?1.5-?2 lakh per sq. ft.
• Lifestyle: Known for its classic charm, colonial architecture, and luxury brands. South Mumbai is home to some of the most prestigious clubs, restaurants, and educational institutions.
• Connectivity: Strong connectivity to commercial hubs like Nariman Point and Lower Parel. However, commute times can be high due to traffic congestion.
• Demographics: Preferred by old-money families, corporate executives, and expatriates. South Mumbai often attracts individuals looking for a more traditional luxury lifestyle.
• Amenities: High-end hotels, restaurants, hospitals, and educational institutions. Properties here often come with heritage value.

2. Bandra (West)

• Average Property Prices: Ranges from ?1-?1.5 lakh per sq. ft, especially in upscale areas like Pali Hill and Carter Road.
• Lifestyle: Known as the “Queen of Suburbs,” Bandra blends contemporary and cultural vibes with a bustling nightlife and trendy cafes, making it a hotspot for younger, affluent individuals.
• Connectivity: Excellent connectivity to the western suburbs and business districts like BKC (Bandra-Kurla Complex). Proximity to the sea link allows quick access to South Mumbai.
• Demographics: Popular among celebrities, young entrepreneurs, and expatriates, Bandra is favored for its vibrant lifestyle and cosmopolitan culture.
• Amenities: High-end gyms, salons, and boutiques, along with renowned schools and hospitals. Also home to popular sea-facing promenades and shopping streets.

3. Juhu

• Average Property Prices: Approximately ?80,000-?1.2 lakh per sq. ft., particularly along Juhu Beach and prime locations like JVPD Scheme.
• Lifestyle: Known for its beachside appeal, Juhu offers a more laid-back, residential feel, which is balanced with luxury. It has a mix of celebrity residents, given its peaceful yet upscale atmosphere.
• Connectivity: Well-connected to the western suburbs, although road traffic can be challenging during peak hours.
• Demographics: Preferred by film industry professionals, media executives, and business families who seek proximity to both work and beachside living.
• Amenities: Famous for its beach, luxury hotels, high-end eateries, and prestigious schools. Many properties offer sea views and private beach access.

4. Worli

• Average Property Prices: Ranges from ?1-?1.5 lakh per sq. ft, with iconic luxury towers commanding even higher prices.
• Lifestyle: Known for its new-age luxury appeal with skyscrapers offering panoramic sea views. Worli is a blend of high-end residential and commercial spaces.
• Connectivity: Excellent connectivity to South Mumbai via the sea link, and to Central Mumbai via major roads. It is strategically located between business hubs in BKC and Lower Parel.
• Demographics: Popular among business executives, corporate families, and high-net-worth individuals who desire a blend of urban luxury and connectivity.
• Amenities: Ultra-modern amenities in high-rises, including gyms, pools, private theatres, and helipads in some cases. Additionally, it offers proximity to retail complexes and luxury dining.

Summary Comparison Table

Each of these locations caters to slightly different lifestyle preferences and target demographics, but they all share the distinction of being among Mumbai's most premium real estate hotspots.

The prestigious Prestige Group, a name synonymous with high-quality real estate in Bangalore, is making a notable entry into Mumbai’s luxury market with an upcoming residential launch in Worli—Prestige Nautilus. Set to be a landmark in one of Mumbai’s most coveted neighborhoods, Prestige Nautilus aims to redefine luxury living by offering residents unparalleled views, exquisite architecture, and top-notch amenities.

Why Worli Is the Heartbeat of Mumbai’s Luxury Market

Worli has transformed into a prime address for Mumbai’s elite, becoming a hotspot for luxury developments. The area’s scenic sea views, close proximity to business districts, and access to high-end social infrastructure make it one of the city’s most desirable residential neighborhoods. This surge in demand for luxury properties is evident from the recent success of Birla Niyaara, which sold nearly 80 units within just six months. With prices starting from a remarkable INR 35 crore, this project underscored the strong appetite for premium real estate in Worli.

Adding to this vibrant luxury market are iconic developments such as Oberoi Three Sixty West, Raheja Modern Vivarea, and Artesia. These prestigious addresses continue to attract high-end buyers with recent transactions averaging between INR 60 to 100 crore, affirming Worli’s position as a hub for luxury real estate in Mumbai.

Prestige Nautilus: Redefining Luxury with Exclusive Offerings

Prestige Nautilus is expected to capture the essence of opulence that Prestige Group has cultivated in Bangalore over the years. Known for its commitment to quality construction, innovative designs, and luxurious finishes, Prestige Group is poised to bring the same excellence to Mumbai. Prestige Nautilus promises to be a masterpiece, with thoughtfully designed residences that offer breathtaking views of the Arabian Sea and the city skyline. This project is tailored for discerning buyers who prioritize elegance, comfort, and exclusivity.

Each unit at Prestige Nautilus is anticipated to offer spacious layouts, premium finishes, and smart home technology, aligning with the expectations of today’s luxury buyers. In addition to the high-quality interiors, residents will benefit from world-class amenities, including a luxurious swimming pool, state-of-the-art fitness center, spa facilities, and landscaped gardens.

The Prestige Group’s Legacy in Bangalore

Prestige Group’s track record in Bangalore’s real estate sector speaks volumes. With landmark projects such as Prestige Kingfisher Towers, Prestige Golfshire, and Prestige White Meadows, the company has consistently delivered on its promise of luxury, sophistication, and top-notch quality. Their expertise and successful projects in Bangalore have positioned them as a trusted name in high-end residential developments, making them a welcome addition to Mumbai’s property landscape.

Key Highlights of Prestige Nautilus

• Prime Location in Worli: With easy access to South Mumbai, the Bandra-Worli Sea Link, and Mumbai’s central business districts, Prestige Nautilus offers a highly sought-after address for luxury buyers.
• Breathtaking Views: Residences are designed to maximize views of the Arabian Sea and the cityscape, providing a serene and scenic backdrop for everyday living.
• Luxury Amenities: From a modern fitness center to a lavish clubhouse, Prestige Nautilus will feature amenities that ensure a holistic, luxurious lifestyle.
• World-Class Interiors: Designed with precision, every unit will come with premium finishes, contemporary design, and advanced technology, ideal for those who appreciate refined living spaces.

Raheja Altimus: The New Epicenter of Commercial Real Estate in Worli

Complementing Worli’s luxury residential developments is the rise of premium commercial spaces, with Raheja Altimus emerging as the new epicenter. This state-of-the-art commercial building by Raheja has drawn significant interest from multinational companies and high-profile brands, marking Worli as a top choice for those seeking both prestige and convenience in their business locations. Recent transactions in Raheja Altimus indicate a robust demand, with office spaces being leased and purchased at impressive price points, further solidifying Worli’s status as a premier destination for high-value real estate.

Mumbai’s High Demand for Luxury Properties

Worli’s real estate landscape is flourishing, with an increasing number of buyers showing strong interest in ultra-luxury properties. The remarkable sales success at Birla Niyaara and premium developments like Oberoi Three Sixty West, Raheja Modern Vivarea, and Artesia underscore the growth of Mumbai’s luxury segment, which is attracting both local and global investors. With the introduction of Prestige Nautilus, prospective buyers in Worli have yet another exceptional option to consider.

For More infomation on the project, please call Sandeep Sadh 9820030685

Shahid Kapoor Leases Out his Investment Flat for Over ?20 Lakh per Month in Oberoi Three Sixty West in Worli

Bollywood actor Shahid Kapoor has leased his luxury apartment in the prestigious Three Sixty West tower in Mumbai's Worli district. The apartment, jointly acquired by Shahid and Mira Kapoor in May 2024 for ?58.6 crore, offers a spacious 5,395 sq ft carpet area and includes three dedicated car parking spaces.

Key Details

• Lease Structure and Terms
  The lease agreement, registered in November 2024, spans 60 months with an initial security deposit of ?1.23 crore. The rental structure is tiered, starting at ?20.5 lakh per month and gradually increasing to ?23.98 lakh over the five-year period. Notably, the lease includes a rent-free period for the first 10 months.

• Effective Monthly Rent Calculation
  Considering the 10-month rent-free period, the total rent payable over the 60-month lease is for 50 months. Assuming an average rent of ?22 lakh per month over the lease term, the total rent for 50 months amounts to Rs.11 crore. When spread over the full 60 months, the effective monthly rent is approximately 18.33 lakhs.

• Property Specifications
  Located in Oberoi Realty’s Three Sixty West, one of Mumbai’s premier residential towers, the apartment provides a luxurious living space, exemplifying the growing trend of Bollywood stars investing in prime real estate for both residence and rental income.

Worli: Mumbai's Emerging City Centre

Worli has rapidly evolved into a central hub in Mumbai, attracting corporate offices, high-net-worth individuals (HNIs), non-resident Indians (NRIs), and affluent residents. Its strategic location, connecting South Mumbai to the suburbs via the Bandra-Worli Sea Link, has enhanced its accessibility and appeal. The area boasts a blend of commercial spaces, luxury residences, and upscale amenities, making it a preferred destination for businesses and the elite.

Oberoi Three Sixty West: A Coveted Address

Oberoi Three Sixty West has garnered significant demand due to its prime location, architectural excellence, and premium offerings. The development features luxury residences managed by The Ritz-Carlton, providing residents with world-class amenities and services. Its panoramic sea views, state-of-the-art facilities, and proximity to key business districts have made it a sought-after address among Mumbai's elite.

Recent Transactions in Oberoi Three Sixty West

Here is a table of notable transactions in Oberoi Three Sixty West post-COVID:

Understanding the High Lease Rent

The substantial lease rent is justified by several factors:

• Prime Location: Worli's status as a central business district with excellent connectivity enhances the property's value.

• Luxury Amenities: Residences in Three Sixty West offer premium facilities and services, contributing to higher rental rates.

• Capital Efficiency: Leasing allows occupants to enjoy luxury living without the significant capital outlay required for purchase.

• Owner-Borne Outgoings: Maintenance and other outgoings are typically covered by the owner, reducing the tenant's financial responsibilities.

• Tax Benefits for Company Leases: For corporate leases, rental expenses can be tax-deductible, providing financial advantages to both the occupant and the leasing company.

This leasing arrangement reflects the robust demand for luxury rentals in Mumbai's prime localities, particularly in South and Central Mumbai, where high-end apartments are sought after by high-net-worth individuals and corporate executives.