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The Kabra family, promoters of the USD 1.25 billion RR Global conglomerate, recently purchased two luxury apartments in Mumbai's Oberoi Three Sixty West for a combined INR 198.17 crore. These sea-view residences on the 62nd floor include a 6,642 sq. ft. unit bought by Kritidevi and Shreegopal Kabra and a 7,167 sq. ft. apartment purchased by Rajesh and Monal Kabra. Other notable buyers in the same tower include leaders from the corporate world such as B K Goenka and Radhakishan Damani, adding to the project's prestige.
The Kabra family, promoters of the USD 1.25 billion electrical conglomerate RR Global, acquired two ultra-luxury apartments for INR 198.17 crore during Diwali week at the Oberoi Three Sixty West project in Worli, Mumbai. Kritidevi Kabra, a director of RR Global, and Shreegopal Kabra, who serves as managing director of RR Kabel and group president of RR Global, jointly purchased a 6,642 sq. ft. apartment for INR 95.41 crore. Meanwhile, Shreegopal's son, Rajesh Kabra, a director in RR Global, along with his wife Monal Kabra, secured a larger unit of 7,167 sq. ft., priced at INR 102.76 crore. Advertisement
The deal documentation reveals a stamp duty payment of INR 7.30 crore was made at the end of October, as reported by PropTech platform IndexTap.com. The two apartments, located on the 62nd floor of Tower B in the high-rise, offer a luxurious west-facing sea view, each accompanied by five parking spaces. This upscale tower, reaching a height of 260 metres with 66 floors, is part of a dual-tower structure featuring 4BHK and 5BHK units as well as duplex apartments.
RR Global, known for its manufacturing of wires, cables, and electrical equipment for both indoor and outdoor use, has a significant history. The family business story traces back to Shreegopal's father, Rameshwarlal Kabra, who was displaced to Nepal during the Partition before finally settling in India. There, he began trading magnetic wire, eventually founding RR Kabel in 1994. Since then, the company has expanded globally, now operating in over 90 countries.
Just six days before this acquisition by RR Global's promoters, GreatWhite Global, affiliated with the renowned Anchor Group and engaged in producing electrical accessories and circuit protection systems, purchased two larger apartments in the same tower for INR 225.11 crore. Their units are situated on the 52nd and 56th floors, adding to the roster of high-profile buyers in this project.
Other corporate figures who have also invested in Oberoi Three Sixty West include B K Goenka, chairman of the Welspun Group; Madhav Prasad Agarwal, promoter of Sajjan India; Sumir Chadha, co-founder of WestBridge Capital; Radhakishan Damani, founder of D-Mart; and Vadilal Shah, promoter of Everest Masala Group.
The Kabra family's recent investment in Oberoi Three Sixty West signifies the increasing demand for ultra-luxury residences among India's top corporate executives. Their purchase, along with acquisitions by prominent figures like GreatWhite Global's promoters, highlights the appeal of high-end properties in Mumbai's real estate market. The Oberoi Three Sixty West project, with its premier sea views, modern amenities, and prestigious location, continues to attract a distinguished clientele, cementing its status as a symbol of elite living in the city.
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