21 November 23
Mumbai: The promoter group of Everest Food Products, known for its Everest brand of spices, has purchased a sea-view luxury apartment in a super-luxury residential tower on Dr. Annie Besant Road in Mumbai’s plush Worlilocality for more than 73.5 crore.
The apartment is located on the 37th habitable floor of the Oberoi Three Sixty West tower. It has a car- pet area of more than 6,130 sq ft and it cost over 1.16 lakh per sq ft, showed documents accessed through Zapkey.com.
The buyer struck the deal with the project developer Oberoi Realty and the apartment was registered on October 30, the documents showed. As part of the deal, the buyer will also get access to an additional 164 sq ft area adjacent to the apartment and a total of six car parking slots. The buyer has paid nearly 2.41 crore as stamp duty for registration of the apartment.
Apartment is located on the 37th habitable floor of the Oberoi Three Sixty West tower
ET’s separate email queries to Everest Food Products and Oberol Realty remained unanswered till press time. Started in 1967, Everest Food Pro- ducts is India’s lar gest manufacturer and among the major exporters of pure and blended spices.
The apartment was sold by Oberoi Realty within three years of acquiring it from its joint venture partner Sahana Group As per the set-off period rules, the state exchequer collects only stamp duty on the profit from the transaction if the property is resold within three years of its original acquisition agreement with the developer Three Sixty West is a mixed-use development comprising two towers, one of which houses The Ritz- Carlton Hotel and the other will have luxury residences managed by The Ritz-Carlton.
Source- The Economic Times