Published by: Business desk
Latest version: November 21, 2023, 5:26 PM IST
Vadilal Bhai Shah started Everest Food Products Farm in 1967. (Representative photo)
Everest Group promoters paid Rs 73.50 crore for a 6,294-sq ft sea-facing property in Oberoi Realty’s upscale project Three Sixty West in Worli.
Everest Food Products Promoter Group, best known for its Everest brand of spices, recently paid Rs 73.50 crore for a sea-view luxury apartment in a super-luxury residential building on Dr. Annie Besant Road in Mumbai’s affluent Worli area.
According to reports, the apartment bought by Everest Group promoter Sanjeev Vadilal Shah and wife Malti has a carpet area of 6,130 sq ft and is located on the 37th habitable floor of the Oberoi Three Sixty West skyscraper.
According to a report Economic Times, the deal is over Rs 1.16 lakh per sq ft. The buyer reached an agreement with Oberoi Realty, the developer of the project, and the flat was registered on October 30 this year.
According to documents accessed by Zapkey.com, the buyer will have access to an additional 164 square feet of space adjacent to the property as well as a total of six parking spots as part of the purchase.
The buyer has paid stamp duty of around Rs 2.41 crore for the registration of the flat. Oberoi Realty sold the flat three years after buying it from joint venture partner Sahana Group.
Everest Food Products
Vadilal Bhai Shah founded Everest Food Products Farm in 1967 and Shah’s son Sanjeev joined the group in 1981 and expanded its manufacturing and distribution presence.
According to the company’s website, the firm manufactures 45 distinct spice items and exports to more than 80 countries.
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