Rare Enterprises CEO Utpal Sheth buys sea-view Mumbai luxury apartment for Rs 123 cr
Rakesh Jhunjhunwala’s Rare Enterprises senior partner and chief executive Utpal Sheth purchased a sea-view luxury apartment in a super-premium residential tower in Mumbai’s plush Worli locality for more than Rs 123 crore.
Sheth was considered the late billionaire investor Jhunjhunwala's right hand man for almost two decades and is also a cofounder of multi-line and multi-asset financial services platform Trust Group.
The apartment, spread over 15,795 sq ft of usable area in Oberoi Three Sixty West on Dr Annie Besant Road, is on the 54th floor of one of the wings of the tower. Sheth purchased the apartment jointly with two more family members.
The buyers have paid nearly Rs 7.40 crore as stamp duty for the registration of the deal that took place on September 15, showed documents accessed through IndexTap.com.
Sheth bought the apartment from Sahana Group’s Skylark Buildcon and Moon Rays Realty — part of the joint venture Oasis Realty which has developed the project along with Oberoi Realty.
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