Yatin Shah Buys Sea-Facing Duplex in Ceejay Residency

Yatin Shah Buys Sea-Facing Duplex in Mumbai’s Prime Ceejay Residency for Rs 158.5 Crore

Aditi Singh November 11, 2024

In a landmark real estate deal, Yatin Shah, co-founder and Joint CEO of 360 ONE Wealth, has acquired a luxurious sea-facing duplex apartment in Mumbai’s elite Prime Ceejay Residency for a remarkable Rs 158.5 crore. This high-profile transaction, priced at Rs 1.53 lakh per square foot, stands among the top real estate deals in Mumbai’s history.

A Record-Breaking Purchase in Prime Ceejay Residency

The duplex spans an impressive 10,312 square feet in carpet area, making it one of the costliest residential transactions in Mumbai. Located in the upscale Worli neighborhood, Prime Ceejay Residency is an under-construction development that promises to redefine luxury living. The 33-story tower will feature just 19 ultra-premium units, offering expansive 4 and 5 BHK apartments designed for Mumbai’s most affluent residents. Scheduled for completion by June 2025, the project is set to cater to high-net-worth individuals seeking exclusivity and exceptional luxury.

Mumbai’s Luxury Real Estate Market Shows No Signs of Slowing

This acquisition by Yatin Shah adds to a string of high-value transactions in Mumbai’s South and Central areas, signaling the continuing demand for luxury real estate. In May 2024, Karan Bhagat, founder and CEO of 360 ONE Wealth, also made waves in Mumbai’s real estate market by purchasing two apartments in the Oberoi 360 West for a total of Rs 170 crore.

These transactions reflect the sustained demand for elite residential properties in Mumbai, particularly in neighborhoods like Worli and South Mumbai. Despite the high price points, the city’s luxury property market remains robust, driven by interest from industrialists, corporate leaders, celebrities, and high-net-worth individuals.

About 360 ONE Wealth

Founded by Karan Bhagat and Yatin Shah, 360 ONE Wealth has become one of India’s leading wealth management firms. With assets under management exceeding $68 billion, the firm serves over 7,500 high-net-worth and ultra-high-net-worth families, providing personalized wealth management and financial advisory services.

Mumbai Continues to Lead India’s Luxury Real Estate Boom

Mumbai, India’s most expensive real estate market, continues to dominate the luxury property sector. The city consistently leads the country in high-value transactions, with interest spanning from mid-income to ultra-luxury segments. In 2023, residential sales across India’s top eight cities reached record highs, and this momentum is expected to continue into 2024. Areas like Worli and South Mumbai remain highly sought after, solidifying Mumbai’s position as India’s premier real estate market.

With property demand remaining strong across Mumbai’s elite neighborhoods, transactions like Yatin Shah’s duplex purchase underscore the city’s enduring appeal to the wealthy and influential.

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