Investor Jagdish Master Buys This Sea-Facing Mumbai Property For Rs 106 Crore - Deal Details | Report

Zapkey recently announced on X that Jagdish Naresh Master, a prominent stock market investor has purchased a property worth Rs 106 cr.

Jagdish Naresh Master Buys Property: Details

Taking to X, Zepkey wrote, “Jagdish Naresh Master, prominent stock market investor and director of financial services firm Deep Financial Consultants has purchased a luxury sea-facing property in Oberoi 360 West on the 60th floor for Rs 106 cr. Last month, his wife Urja Master too had purchased an apartment in the same project on the 59th floor for Rs 105 cr.”

Jagish Naresh Master is a prominent stock market investor and director of the financial services firm Deep Financial Consultants. His investment portfolio includes Everest Industries Ltd., Camlin Fine Sciences Repro India Ltd., Sat Industries Ltd, Gufic BioSciences Ltd., Aeroflex Industries Ltd. 

The building is also home to Bollywood actor Shahid Kapoor and his wife Mira Kapoor, who bought a 5,395 sq ft apartment earlier this year for Rs 60 crore. Other notable residents include D'Mart’s Radhakrishna Damani,  Shreegopal Kabra , who is RR Kabel's promoter, and various high-net-worth individuals (HNIs) from across industries.

Oberoi 360 West, Mumbai, South is a 284-unit luxury residential project by Oberoi Hotels and Resorts Ltd. It is spread across an area of 1.58 acres, and offers a choice of 4 BH and-5 BHK apartments with a size rangin from from 5500 sqft to 6550 sqft.

Luxury Homes: Rising Demands

The year 2024 has been a landmark year for the luxury residential segment, marked by a significant transformation in buyer preferences and market dynamics. "We have seen that major metro and mini metro markets are increasingly moving towards bigger homes with luxury specifications that enhance the lifestyle of a family," said Manoj Gaur, CMD of Gaurs Group and Chairman of CREDAI National.

Gaur's belief is not unfounded, as per the report published by JLL, the annual sale of the residential units increased by 26 per cent in 2023 and crossed the record number of the units sold in a calendar year. One of the major contributors towards this growth in real estate is the luxury segment. According to Mordor Intelligence, luxury housing constituted 7 per cent of the overall market share in 2019, which reached 21 per cent in 2024, as reported by the Indian Brand Equity Foundation (IBEF).

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