Billionaire Leena Gandhi Tewari Buys ₹639 Crore Duplex Flats in Mumbai’s Ultra-Luxury Market
Leena Gandhi Tewari, Chairperson of USV Private Limited, has made the most expensive residential real estate deal in India, purchasing two duplex flats in Shree Naman Residency’s ‘Naman Xana’ project in Mumbai for ₹639 crores.
Real EstateLuxury PropertyMumbaiUsv Private LimitedLeena Gandhi TewariReal Estate NewsJun 02, 2025
The deal involves a combined area of 22,572 square feet, spanning the 32nd to 35th floors of the luxurious building. Including stamp duty and GST, the total transaction amount rises to around ₹703 crores, with a rate of roughly ₹2.83 lakh per square foot. This price point surpasses recent high-value purchases by other industrialists in the area, reflecting the robust demand for ultra-luxury properties in Mumbai.
Tewari, a reclusive billionaire with a Forbes-estimated net worth of $3.9 billion, is well-known in the pharmaceutical industry for her leadership of USV Private Limited. The company, which is renowned for drugs like Glycomet and Roseday, has solidified its position in the global market. Tewari's purchase underscores the growing interest in premium residential properties among India's ultra-wealthy.
Kanga & Co, a leading law firm, advised Leena Gandhi Tewari on this transaction. The firm's team, led by Kunal Vaidya (Partner) and Bhoomika Shah (Associate), played a crucial role in navigating the complex legal aspects of the deal. Their expertise in real estate transactions ensured a smooth and successful completion of the purchase.
On the other side of the deal, Khaitan & Co provided legal counsel to Shree Naman Residency. The transaction team from Khaitan & Co included Harsh Parikh (Partner), Abhiraj Gandhi (Partner), and Anirudh Jakhotia (Principal Associate). Their comprehensive understanding of the real estate market and legal frameworks was instrumental in facilitating the transaction.
The “Naman Xana” project at Worli Sea Face is a prime example of the ultra-luxury property market in Mumbai. The project offers residents unparalleled views of the Arabian Sea and the city skyline, along with world-class amenities and services. The successful completion of this deal not only highlights the strength of the Mumbai property market but also sets a new benchmark for high-value residential transactions in the country.
As the ultra-luxury property market continues to grow, deals like Tewari's purchase are expected to become more common. The involvement of top-tier law firms like Kanga & Co and Khaitan & Co further underscores the importance of legal expertise in navigating the complexities of such high-stakes transactions. For Tewari, this acquisition represents a significant investment in a prime location, aligning with her vision for premium real estate assets.
Frequently Asked Questions
Who is Leena Gandhi Tewari?
Leena Gandhi Tewari is a reclusive billionaire and the Chairperson of USV Private Limited, a multinational pharmaceutical and biotechnology company. She has a Forbes-estimated net worth of $3.9 billion.
What is the most expensive residential real estate deal in India?
The most expensive residential real estate deal in India is the purchase of two duplex flats in the ‘Naman Xana’ project at Worli Sea Face, Mumbai, by Leena Gandhi Tewari for ₹639 crores.
Which law firms advised on this transaction?
Kanga & Co advised Leena Gandhi Tewari, and Khaitan & Co advised Shree Naman Residency on this transaction.
What is the total area of the purchased flats?
The combined area of the two duplex flats spans 22,572 square feet, spanning the 32nd to 35th floors of the ‘Naman Xana’ project.
What is the significance of this deal for the Mumbai property market?
This deal sets a new benchmark for high-value residential transactions in Mumbai and underscores the growing interest in ultra-luxury properties among India's ultra-wealthy.
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