360 ONE founder Karan Bhagat buys luxury apartments in Mumbai’s Worli for Rs 170 crore
Karan Bhagat, founder, managing director and chief executive officer of wealth and alternatives-focused asset firm 360 ONE, bought two sea-view luxury apartments in a super-premium residential tower in Mumbai’s plush Worli locality for a total Rs 170 crore.
The apartments cover 12,900 sq ft built up area on the 45th and 46th floors of Three Sixty West project on Dr. Annie Besant Road. Bhagat will also get exclusive access to eight car parking slots.
The deal was struck at about Rs 1.31 lakh per sq ft, pushing it higher in the tally of most expensive deals on per sq ft basis anywhere in the country.
Bhagat founded 360 ONE, formerly known as IIFL Wealth & Asset Management, along with his colleagues in 2008. The firm is currently among India's largest asset and wealth management firms with more than $56.3 billion assets under management. Bhagat’s team works with and for around 7,200 top families in India including industrialists; new age technology founders and professionals including leading CEOs, lawyers as well as sportspersons and artistes. It also manages money for some of the largest sovereign institutions and university endowments across US, Canada and the Middle East.
The buyer paid over Rs 6.44 crore as stamp duty to register the deals that took place on Wednesday, showed documents accessed by ET.
Bhagat purchased the apartments directly from Oberoi Realty that is part of joint venture Oasis Realty, the developer of the project. Both the apartments have been sold by Oberoi Realty within three years of
