Key Takeaways
- Jaipur Gems CEO Siddhartha Sacheti purchased two luxury apartments at Mumbai’s Three Sixty West tower for ₹160 crore.
- The deal highlights the booming luxury real estate market in Mumbai and Gurugram.
- The Sacheti family has deep roots in India’s jewellery industry, with connections to CaratLane.
Siddhartha Sacheti, CEO of Jaipur Gems, has acquired two ultra-luxury apartments in Mumbai’s prestigious Three Sixty West tower for a combined ₹160 crore. The purchase positions him among India’s elite property owners in one of the country’s most exclusive residential addresses.
Record-Breaking Worli Purchase
Property documents show Sacheti bought two 6,130 sq ft apartments on the 51st and 52nd floors for ₹80 crore each. The transaction was registered on October 16 and includes 10 car parking spaces. Industry sources indicate the two units will likely be merged into a luxurious duplex residence.
Three Sixty West: Mumbai’s Billionaire Enclave
Developed by Oberoi Realty, the Worli skyscraper has become Mumbai’s ultimate trophy address. The tower offers panoramic sea views, five-star hotel amenities, and a prime location in one of the city’s most affluent neighborhoods.
Real estate expert Sandeep Reddy of Zapkey called Three Sixty West a “vertical billionaire’s enclave.” He noted the building’s prestige and ultra-rich resident network continue to attract India’s wealthiest individuals.
Jewellery Dynasty Expands Portfolio
The Sacheti family has been prominent in India’s jewellery sector since 1974, when Padam Sacheti established Jaipur Gems in Mumbai. Siddhartha’s brother, Mithun Sacheti, founded CaratLane and sold it to Titan in 2023 for over ₹4,621 crore. Mithun declined to comment on his brother’s recent real estate acquisition.
Luxury Real Estate Momentum
This high-value transaction reflects the sustained surge in luxury housing demand, particularly in Mumbai and Gurugram. These markets continue to dominate India’s premium real estate sector, attracting business leaders and industrialists.
