India's Most Expensive Property Deal: Leena Tewari Acquires Rs 639 Crore Duplex in Mumbai
Leena Gandhi Tewari, chairperson of USV Ltd, sets a new national record by purchasing a 22,572 sq ft duplex in Mumbai's Worli area for Rs 639 crore, making it the costliest real estate deal in India.
Luxury Real EstateMumbai Real EstateHighnetworth IndividualsNaman XanaLeena TewariReal Estate NewsMay 30, 2025
The record-breaking real estate deal covers a total area of 22,572 sq ft, spanning the 32nd to 35th floors of the 40-storey ultra-luxury tower Naman Xana. This exclusive property offers breathtaking views of the Arabian Sea from the Worli Sea Face. With a price tag of over Rs 2.83 lakh per sq ft on a carpet area basis, this transaction has set a new benchmark as the most expensive residential property sale ever in India.
Earlier this month, billionaire banker Uday Kotak also made headlines by purchasing eight additional apartments to complete his acquisition of an entire residential building on Worli Sea Face for over Rs 400 crore. Some of those deals were concluded at a rate of Rs 2.90 lakh per sq ft. However, the valuation includes land ownership rights, as Kotak now holds the title to the entire building.
Mumbai, India’s largest and priciest real estate market, has set a new record for property transactions in April. This surge was driven by strong buyer demand despite rising prices and a hike in ready reckoner rates. South and Central Mumbai led the surge, attracting high-value deals from industrialists, corporate leaders, film stars, and sports icons. The luxury real estate market in Mumbai continues to thrive, with these high-profile transactions setting new standards and expectations for future deals.
The purchase by Leena Tewari not only highlights the robust demand for luxury properties in Mumbai but also underscores the city's status as a hub for high-net-worth individuals. The Naman Xana tower, known for its premium amenities and prime location, has become a symbol of exclusivity and opulence in the Indian real estate market. This deal is expected to further fuel the growth of the luxury segment in Mumbai, attracting more investors and high-profile buyers in the coming years.
USV Ltd, the company chaired by Leena Tewari, is a leading player in the pharmaceutical and biotechnology sector. The company's strong financial performance and market presence have likely contributed to Tewari's ability to make such a significant investment in the luxury real estate market. This acquisition is not just a personal milestone for Tewari but also a testament to the company's financial strength and strategic vision.
As the luxury real estate market in Mumbai continues to evolve, it is clear that high-net-worth individuals are willing to pay premium prices for properties that offer unparalleled luxury and convenience. The Naman Xana duplex, with its expansive views and prime location, represents the pinnacle of luxury living in Mumbai. This deal is likely to set a new standard for future transactions in the luxury segment, driving further growth and innovation in the real estate market.
Frequently Asked Questions
Who is Leena Tewari?
Leena Gandhi Tewari is the chairperson of USV Ltd, a leading multinational pharmaceutical and biotechnology company. She recently made headlines by purchasing a luxury duplex in Mumbai for Rs 639 crore.
What is the Naman Xana tower?
Naman Xana is a 40-storey ultra-luxury tower located in Mumbai's Worli area. It offers premium amenities and breathtaking views of the Arabian Sea, making it a sought-after location for high-net-worth individuals.
How much did Leena Tewari pay for the duplex?
Leena Tewari paid Rs 639 crore for the duplex, plus a stamp duty of Rs 63.9 crore, bringing the total cost to nearly Rs 703 crore.
What is the price per sq ft for the Naman Xana duplex?
The price tag for the Naman Xana duplex is over Rs 2.83 lakh per sq ft on a carpet area basis, making it the most expensive residential property sale in India.
What other high-profile real estate deals have been made in Mumbai recently?
Billionaire banker Uday Kotak recently purchased eight additional apartments to complete his acquisition of an entire residential building on Worli Sea Face for over Rs 400 crore. Some of these deals were concluded at a rate of Rs 2.90 lakh per sq ft.
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