Utpal Sheth is also the Founder and Mentor of TRUST Group. He is a Director on the board of TRUST Asset Management Private Limited (TRUST Mutual Fund).
Mumbai: India’s financial capital Mumbai, known for its bustling real estate market, has again grabbed the headlines. Businessman Utpal Sheth has made an impressive purchase of a luxurious sea-facing apartment at a price that created a buzz in the market. Sheth splurged a whopping 123 crores in the property. The lavish property is located in Worli’s prestigious Oberoi Three Sixty West. In this article, we will delve into the details of Sheth’s super-expensive property and discover his inspiring success story.
Three Sixty West has been home to several high-profile residents, including prominent business figures and celebrities. Notable names include Radhakishan Damani, founder and CEO of Avenue Supermarts (DMart), BK Goenka, Chairman of the Welspun Group, and Mavjibhai Patel, Managing Director of Kiran Gems.
All you need to know about property
- Utpal Sheth’s new apartment is situated on the 54th floor
- It covers a vast area of 15,735 square feet.
- The lavish property is located in Worli’s prestigious Oberoi Three-Sixty West
- It features a spacious balcony measuring 884 square feet and includes seven dedicated parking spaces for added convenience.
- The transaction, registered on September 15, included a stamp duty payment of Rs 7.39 crore.
- Reports suggest that the deal was made with the developers Sahana Group’s Skylark Buildcon and Moon Rays Realty, both part of the Oasis Realty joint venture.
- The luxury complex consists of two towers, with Tower A having 66 floors and Tower B boasting 90 floors
- The properties have duplexes and penthouses.
Utpal Sheth is the Senior Partner and CEO at RARE Enterprises, a multi-billion dollar proprietary asset management firm based in India. Sheth, who regularly engages with investee companies to enhance shareholder value by emphasizing on sustainable value drivers, focuses on long-term investing in public and private markets, portfolio construction and risk management. In a career of over 30 years in the capital markets across various reputed Indian financial firms, he has extensive experience in investment management, fundraising, M&A, buybacks and corporate advisory.
Sheth is also the Founder and Mentor of TRUST Group. He is a Director on the board of TRUST Asset Management Private Limited (TRUST Mutual Fund).