Last Updated:May 30, 2025, 10:06 IST
The combined area of the apartments bought by USV’s Leena Tewari spans the 32nd to 35th floors, with the per-square-foot rate clocking in at Rs 2.83 lakh.
The Naman Xana development, a 40-storey luxury tower, is positioned in Mumbai’s super-premium market segment.
In one of the most expensive residential real estate transactions in India, USV Pharmaceuticals chairperson Leena Gandhi Tewari has purchased two duplex apartments in the ultra-luxury Naman Xana project at Worli Sea Face for a total consideration of Rs 639 crore.
The combined area of the apartments spans the 32nd to 35th floors, with the per-square-foot rate clocking in at Rs 2.83 lakh, currently probably the highest rate recorded across all residential markets in India. The transaction, including stamp duty and GST of Rs 63.90 crore, pushes the total deal value to Rs 703 crore. It was registered on May 28, according to property registration records.
Tewari, who chairs the privately held USV and is among India’s wealthiest with a net worth exceeding $3 billion, is the granddaughter of the company’s founder, Vithal Gandhi. Her husband, Prashant Tewari, is USV’s managing director, and their children, Aneesha and Vilas, are also part of the company’s board.
The Naman Xana development, a 40-storey luxury tower, is positioned in Mumbai’s super-premium market segment. Apart from sweeping views of the Arabian Sea, it benefits from enhanced connectivity via the newly opened Coastal Road.
The project has drawn other prominent buyers. Tanya Dubash, daughter of Godrej Industries chairman Adi Godrej, also acquired a duplex in the same building for around Rs 225 crore, at a rate of approximately Rs 2.20 lakh per sq ft. Her deal was registered on May 26.
These high-value transactions reflect ongoing strength in Mumbai’s luxury housing market. In recent months, the city has witnessed several mega deals, including two apartments at 360 West in Worli purchased by the Kabra family of RR Kabel for nearly Rs 200 crore, and a Rs 405 crore acquisition by Metro Brands’ promoters at Palais Royale in Lower Parel, for a property measuring over 38,000 sq ft. Similar top-tier transactions have occurred at Lodha Malabar and other luxury developments across South Mumbai.
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al…Read More
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al… Read More
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