Leena Gandhi Tewari Sets Real Estate Record, Buys Worli Duplex for ₹639 Crore
India's real estate market is witnessing a significant boom, highlighted by a record-breaking deal where Leena Gandhi Tewari, Chairperson of USV Pvt Ltd, purchased two luxurious sea-facing duplex apartments in Mumbai's Worli area for ₹639 crore. This makes it the most expensive residential property sale in India's history.
Real EstateLuxury PropertyLeena Gandhi TewariUsv Pvt LtdMumbaiReal EstateMay 30, 2025
These duplex apartments span the 32nd to 35th floors of Naman Xana, a 44-storey luxury high-rise by Shree Naman Group, located just 150 meters above Worli Seaface. Designed by Talaty & Partners LLP, the building offers 22 exclusive residences with column-free 6,500 sq. ft. layouts that provide unique views of the sea and city. Tewari’s two units collectively cover 22,572 sq. ft., valuing the deal at ₹2.83 lakh per sq. ft., making it a rarity even in Mumbai's elite property market.
Apart from the scale of the transaction, Leena Gandhi Tewari's name has also drawn attention. With a net worth exceeding $3 billion, she is one of India’s wealthiest women and heads the privately held pharmaceutical and biotechnology giant USV Pvt Ltd. The company, founded in 1961 by her grandfather Vithal Balkrishna Gandhi, is a market leader in India's oral anti-diabetic and cardiovascular drugs segment. Tewari holds a B.Com. degree from the University of Bombay and an MBA from Boston University.
Her husband, Prashant Tewari, currently serves as the Managing Director of USV, while their daughter Aneesha (Ph.D. in molecular biology from MIT) and son Vilas (a computer science graduate from Boston University) serve on the company's board. Moreover, Tewari joins a list of elite buyers at Naman Xana. According to Moneycontrol, Tanya Dubash, the daughter of Godrej Industries Chairman Adi Godrej, also bought a ₹225-crore duplex in the same tower.
Mumbai continues to dominate the luxury real estate segment in India. Earlier this year, billionaire banker Uday Kotak and family reportedly purchased a Worli property for over ₹400 crore. In 2024, industrialist Yohan Poonawalla and his wife Michelle made headlines with a reported ₹500 crore mansion purchase. In March 2025, SR Menon Properties LLP acquired a ₹187.47 crore apartment in Lodha Sea Face, another luxury project by Macrotech Developers Ltd. in Worli. These high-value transactions highlight the consistent demand for premium real estate in India's prime urban locales.
As India sees exponential growth in the real estate sector, Worli has emerged as a powerhouse in Mumbai's high-end residential market. In 2024 alone, the locality recorded 683 residential registrations across both primary and secondary markets, totaling a transaction value of ₹7,326 crore. As of December 2024, the average property price stood at ₹84,754 per sq. ft. Known for its sea-facing towers, premium retail, and superior connectivity via the Bandra-Worli Sea Link and Eastern Express Highway, Worli continues to attract high-net-worth individuals (HNIs), celebrities, expatriates, and senior corporate professionals seeking luxury, convenience, and long-term value.
Frequently Asked Questions
What is the most expensive residential property sale in India's history?
The most expensive residential property sale in India's history is the purchase of two ultra-luxurious sea-facing duplex apartments in Mumbai's Worli area by Leena Gandhi Tewari for ₹639 crore.
Who is Leena Gandhi Tewari?
Leena Gandhi Tewari is the Chairperson of USV Pvt Ltd, a privately held pharmaceutical and biotechnology giant. She has a net worth exceeding $3 billion and is one of India’s wealthiest women.
Where is Naman Xana located?
Naman Xana is a 44-storey luxury high-rise located in Mumbai's upscale Worli area, just 150 meters above Worli Seaface.
What other high-profile buyers have purchased properties in Naman Xana?
Tanya Dubash, the daughter of Godrej Industries Chairman Adi Godrej, also bought a ₹225-crore duplex in Naman Xana.
Why is Worli a popular area for luxury real estate?
Worli is popular for luxury real estate due to its sea-facing towers, premium retail, and superior connectivity via the Bandra-Worli Sea Link and Eastern Express Highway. It attracts high-net-worth individuals, celebrities, expatriates, and senior corporate professionals seeking luxury and convenience.
Related News Articles
Sustainable Housing: Invest in Rain Water Harvesting to Meet Environmental Challenges
Additional Secretary of MOHUA urges real estate sector to invest in rainwater harvesting to tackle sustainability challenges in housing projects
Indian Real Estate Sector: Expectations from Union Budget 2024
The Indian real estate sector anticipates significant reforms in the upcoming budget, including GST reduction, lower interest rates, and industry status
WSB Real Estate secures ₹7 billion for mid-income housing projects
WSB Real Estate has raised ₹7 billion to fund mid-income and affordable housing projects, marking a significant investment in India's real estate sector.
The Great Divide: Luxury Housing Booms as Middle Class Struggles with Affordability Crisis
As luxury housing sales soar, middle-class homebuyers are finding it increasingly difficult to own a home. What's driving this divide and can it be bridged?
Top Landlords Owning Over 10% of Mumbai's Land
Mumbai, known for its premium real estate, is home to some of the largest landowners in the country. A survey by the Slum Rehabilitation Authority (SRA) reveals that these top landlords own around 20% of the total land in the city. Here's a closer look at
How a Rs 1500 Monthly Cash Transfer to Women Won the Maharashtra Elections
In a strategic move, the Bharatiya Janata Party (BJP) in Maharashtra introduced a monthly cash transfer of Rs 1500 to underprivileged women, which seems to have played a crucial role in their recent electoral victory. This initiative, along with the state