Everest Food Promoters Spice Up Mumbai's Real Estate with Rs. 213 Crore Luxury Apartment Deal
Everest Food Promoters spice up Mumbai's elite living with a real estate investment of Rs. 213 by acquiring luxury apartments in Worli's iconic Three Sixty West tower.
The Everest Food Products promoter group, renowned for the Everest spice brand, has seasoned Mumbai's Worli locality by acquiring two sea-view apartments in a luxurious tower on Dr. Annie Besant Road. This spice tycoon family recently purchased a 53rd-floor apartment spanning 6,921 sq. ft. for Rs. 73.50 crore.
The Everest promoter family expanded their property portfolio by acquiring an adjacent apartment on the same floor and another on the 50th floor of the tower, making the total deal worth more than Rs. 213 crore. The 53rd-floor apartment purchased directly from Oberoi Realty, and the 50th-floor apartment, bought from SKS Infrabuild, added exclusive access to eight car parking slots, bringing their total parking tally in the tower to 14.
Documents accessed through IndexTap(dot)com revealed that these transactions occurred on November 7 and November 29. This move marks the Everest Food Promoter's significant investment in Mumbai's real estate landscape.
Everest Food Products, a spice giant established in 1967, is India's largest manufacturer and a major exporter of pure and blended spices. The 53rd-floor apartment, previously owned by Oberoi Realty, changed hands within three years of its acquisition from the joint venture partner Sahana Group.
This property acquisition by Everest's promoters is part of over 60 apartments acquired by Oberoi Realty in collaboration with Sahana Group.
Highlighting the financial backdrop, Oberoi Realty had invested Rs. 4,000 crore to acquire Sahana Group's inventory in the project. The developer had previously sealed one of India's largest single-apartment deals by purchasing a luxury penthouse for Rs. 230.55 crore from Sahana Group. The spice of success in Mumbai's real estate market seems to be spreading, with other notable figures like BK Goenka from Welspun Group also investing in similar penthouse acquisitions at Oberoi Three Sixty West.
