India's Most Expensive Home Deals of 2025: From Sea-Facing Duplexes to Trophy Bungalows

India’s luxury housing market capped 2025 with a series of headline-grabbing transactions. From ultra-high-value bungalows and sea-facing apartments to marquee penthouses in the country’s most coveted micro-markets, the year saw wealthy individuals, business families, and institutional buyers closing some of the most expensive residential deals on record. These transactions—spanning Mumbai, Delhi, and Gurugram—reflected a clear shift towards trophy assets, prime locations, and globally benchmarked living standards. The buyers of these trophy assets include business tycoons like Lakshmi Mittal, Leena Gandhi Tewari, top bankers like Uday Kotak, and new-age startup founders like Harsh Jain among others.

Mumbai

1) Leena Gandhi Tewari

In perhaps the most talked-about property deal in the country in 2025, Leena Gandhi Tewari, the Chairperson of pharmaceutical firm USV, purchased two sea-facing duplex apartments in Worli Sea Face, Mumbai, for Rs 703 crore. According to market analysts, this was the costliest residential transaction in 2025, located in the Naman Xana high-rise building in Worli Sea Face. Tewari had to pay over Rs 63.9 crore in stamp duty charges and GST. The two apartments, spanning from the 32nd to the 35th floors, were sold at a rate of Rs 2.83 lakh per square foot, which industry observers said is currently the highest across all residential real estate markets in India. Tewari, one of the richest Indians with a fortune exceeding $3 billion, chairs USV, which is privately held and was founded by her grandfather Vithal Gandhi. The company is present in most segments across the pharmaceutical sector, such as oral tablets, biosimilars, injectables, and APIs. Her husband, Prashant Tewari, is the current managing director of USV.

2) Uday Kotak and Family

The family of former Kotak Mahindra Bank chairman, and Asia's richest banker, Uday Kotak, bought all 22 units at the Shiv Sagar project in Worli for Rs 400 crore, according to documents accessed by Zapkey, a real estate data analytics firm. The transactions also involve Kotak’s wife Pallavi Kotak, his sons Jay and Dhawal Kotak, and his parents Suresh and Indira Kotak. The total transaction amounts to 7,418 square feet of space, at a rate of Rs 2.71 lakh per square foot. Market insiders say that the building is slated to undergo redevelopment. Uday Kotak currently serves as a non-executive director on Kotak Mahindra Bank's board, having been its managing director and CEO till September 2023, and holds a stake of around 25.70 percent of the bank.

3) Metro Brands Promoters and Family

In January, the promoter family of the premium footwear maker Metro Brands purchased five luxury flats in Lower Parel for a total of Rs 405 crore, according to data from IndexTap.com. According to market analysts, the apartments bought by promoters and co-promoters of footwear retailer Metro Brands—Farah Bhajni, Shabina Malik Hadi, Zara Malik, Alisha Rafiq Malik, and Zia Malik Lalji—are located in one of Mumbai's long-pending and tallest buildings, Palais Royal. The property purchase came after the promoters pared part of their stake in the company in September 2024, analysts said.

4) Tanya Dubash of Godrej Family

Other high-profile deals in Mumbai included a high-end apartment purchase by Tanya Dubash, daughter of Godrej Industries chairman Adi Godrej, through a firm Shaula Real Estates Private Limited, for Rs 226 crore. Shaula Real Estates Private Limited is a subsidiary of Godrej Industries. The ultra-luxury duplex apartment located in Naman Xana development in Worli Sea Face has been sold at a rate of Rs 2.45 lakh per square foot on the carpet area (9,214 sq. ft.).

5) Harsh Jain of Dream11

Besides legacy buyers, new-age promoters such as Harsh Jain, founder of fantasy gaming app Dream11, bought a luxury apartment at the Lodha (Macrotech) Group's Malabar Hill development for Rs 138 crore. Jain is also the chairman of the Internet and Mobile Association of India (IAMAI), a grouping of India’s startup and tech firms. The sea view apartment bought by Jain measures 9,546 square feet and comes with six parking spaces.

Delhi

6) Prestige Group Bungalow Sale

The Bangalore-based Prestige Group has sold its bungalow located on Kasturba Gandhi Marg in Lutyens’ Delhi to a Kolkata and Jharkhand-based businessman for around Rs 450 crore. Prestige Group had bought the bungalow two years ago for around Rs 300 crore from Delhi-based real estate firm TDI Infratech and intended to develop a boutique luxury project here but has exited the deal following delays in approvals.

7) Lakshmi Mittal

In one of the costliest deals of the year in Delhi NCR, Mumbai-based Gentex Merchants Pvt Ltd, a company linked with steel baron Lakshmi Mittal, has bought a 3,540-square yard bungalow on APJ Abdul Kalam Road (formerly Aurangzeb Road) in Lutyens’ Delhi for Rs 310 crore, people aware of the matter told Moneycontrol. The buyer paid a stamp duty of Rs 21.70 crore for the transaction. The bungalow, originally built in 1930, belonged to the erstwhile royal family of Alwar and was owned by Yashwant Singh, popularly known as Maharaj Kumar Yashwant Singh of Alwar. Singh had purchased a bungalow in Delhi's upscale Golf Links area for Rs 100 crore earlier this year. The bungalow measures 3,540 square yards, or 31,860 square feet. When computed on a per square yard basis, the deal translated to Rs 8.75 lakh per square yard.

8) Sale of Bungalow by Ansal Group

Ansal Group’s promoter Sushil Ansal's wife Kusum Ansal had sold her bungalow at Feroze Shah Road in Lutyens’ Delhi for Rs 241 crore. The property was purchased by a Gujarat-based firm Yatah Enterprise. The deal was closed at Rs 200,000 per square foot, making it one of the costliest transactions in the country. Yatah Enterprise paid a stamp duty and corporation tax of Rs 17.56 crore for the transaction. The sale of property came at a time when the Ansal Group is facing multiple legal cases.

9) Anand Auto Bungalow Deal

Anand Automotive Private Ltd, a manufacturer of automotive products and systems, has acquired a 1,550-square yard bungalow on Kautilya Marg in New Delhi for Rs 195 crore. The company paid Rs 13.65 crore in stamp duty, taking the overall transaction value to nearly Rs 210 crore.

Gurugram

10) Sale of Four Apartments at The Dahlias

In what is being seen as one of the largest residential property transactions in North India’s super-luxury housing segment, a Delhi-NCR-based businessman has purchased four luxury apartments in DLF’s latest super-luxury offering ‘The Dahlias’ in Gurugram for Rs 380 crore, people aware of the matter have said. The deal, executed in the first week of October, includes four combined apartments with each having an area of 9,600 square feet, with four apartments spanning a combined 38,400 sq ft area.