Godrej's Tanya Dubash-promoted Firm Acquires Luxury Duplex in Mumbai for Rs 226 Crore
Shaula Real Estates, a private real estate firm where Tanya Arvind Dubash, daughter of Godrej Industries Chairman Adi Godrej, is a director, has purchased a luxury duplex apartment in Mumbai for nearly Rs 226 crore. The property is part of the under-construction Naman Xana project in Worli.
Real EstateLuxury ApartmentGodrejMumbaiNaman XanaReal Estate MumbaiJun 09, 2025
Tanya Arvind Dubash and Clement George Pinto are both directors in Shaula Real Estates Pvt Ltd, according to sources. The company was incorporated on March 26, 2025, in Mumbai.
In a statement on Monday, real estate consultant Square Yards confirmed, “Shaula Real Estates has purchased a duplex apartment in the Naman Xana project located in Worli, Mumbai, for Rs 225.76 crore.” Square Yards stated that they have seen the property registration documents, and the transaction was registered in May 2025.
Godrej Industries did not provide any comments on the transaction. The purchased property is part of Naman Xana, an under-construction luxury residential project. According to the Real Estate (Regulation and Development) Act (RERA), the project spans 0.64 acres and is scheduled for completion by 2027.
The transaction was a primary sale, and the apartment was purchased from Naman Residency Pvt Ltd and Karp Estate Pvt Ltd. The duplex unit boasts a carpet area of 9,214 sq ft and a balcony of 1,227 sq ft. The total built-up area of the apartment is 11,485 sq ft.
“Based on the total transaction value of Rs 225.76 crore, the per sq ft rate works out to approximately Rs 2.45 lakh on the carpet area. On the same total property value, the rate comes to around Rs 1.97 lakh per sq ft on the total built-up area,” Square Yards explained.
Post-COVID pandemic, the Indian real estate market has witnessed several high-value transactions, particularly from celebrities and industrialists. This acquisition by Shaula Real Estates underscores the ongoing confidence and investment in luxury real estate in Mumbai.
Frequently Asked Questions
Who are the directors of Shaula Real Estates Pvt Ltd?
The directors of Shaula Real Estates Pvt Ltd are Tanya Arvind Dubash and Clement George Pinto.
What is the total transaction value of the duplex apartment?
The total transaction value of the duplex apartment is Rs 225.76 crore.
Where is the Naman Xana project located?
The Naman Xana project is located in Worli, Mumbai.
What is the total built-up area of the duplex apartment?
The total built-up area of the duplex apartment is 11,485 sq ft.
When is the Naman Xana project scheduled for completion?
The Naman Xana project is scheduled for completion by 2027.
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