Leena Gandhi Tewari, USV Chairperson, Acquires Two Luxurious Duplexes in Mumbai for Rs 639 Crore
Mumbai's real estate market is buzzing with another multi-crore deal as Leena Gandhi Tewari, the chairperson of USV Ltd, purchases two ultra-luxury duplexes in the city's prestigious Worli area.
Leena Gandhi TewariUsv LtdReal EstateLuxury ApartmentsMumbaiReal EstateMay 29, 2025
Leena Gandhi Tewari, the chairperson of pharma giant USV Ltd, has bought two ultra-luxury sea-facing duplex apartments in Mumbai's upscale Worli area for Rs 639 crore, reports Economic Times. This is one of the costliest residential transactions ever recorded in India.
The apartments are located on the 32nd to 35th floors of Naman Xana, a newly constructed 40-storey premium tower overlooking the Arabian Sea. Spreading across 22,572 square feet, the price works out to more than Rs 2.83 lakh per square foot – an all-time high in the Indian property market.
Tewari also paid over Rs 63.9 crore in stamp duty and GST for the registration, which takes her total transaction over Rs 700 crore.
Leena Gandhi Tewari is the chairperson of USV Private Limited, a Mumbai-based multinational pharmaceutical and biotechnology company. USV, founded in 1961 by her grandfather Vithal Balkrishna Gandhi, specialises in diabetic and cardiovascular medications, biosimilars, and active pharmaceutical ingredients. Under her leadership, the company has expanded its global presence, operating in over 75 countries and acquiring the German generics firm Juta Pharma in 2018. Tewari completed her Bachelor of Commerce from the University of Mumbai before pursuing an MBA from Boston University.
Meanwhile, Mumbai has witnessed several multi-crore real estate deals in recent years. In 2025, Uday Kotak, founder of Kotak Mahindra Bank, and his family acquired an entire building of 22 flats in Mumbai’s Worli for over Rs 400 crore, per Mint. In 2024, billionaire industrialist Yohan Poonawalla and his wife Michelle purchased a 30,000 square feet standalone mansion in South Mumbai's Cuffe Parade for over Rs 500 crore, according to NDTV. In February 2023, Godrej Properties acquired Raj Kapoor's iconic bungalow in Chembur for approximately Rs 100 crore, and that same year, family members and associates of DMart founder Radhakrishna Damani purchased 28 housing units in Worli for Rs 1,238 crore, according to Hindustan Times.
Frequently Asked Questions
Who is Leena Gandhi Tewari?
Leena Gandhi Tewari is the chairperson of USV Private Limited, a multinational pharmaceutical and biotechnology company based in Mumbai. She completed her Bachelor of Commerce from the University of Mumbai and holds an MBA from Boston University.
What did Leena Gandhi Tewari buy in Mumbai?
Leena Gandhi Tewari purchased two ultra-luxury sea-facing duplex apartments in Mumbai's upscale Worli area. The apartments are located on the 32nd to 35th floors of Naman Xana, a newly constructed 40-storey premium tower overlooking the Arabian Sea.
How much did Leena Gandhi Tewari pay for the duplexes?
Leena Gandhi Tewari paid Rs 639 crore for the duplexes. Additionally, she paid over Rs 63.9 crore in stamp duty and GST, bringing the total transaction to over Rs 700 crore.
What is the significance of this purchase in the Indian property market?
This purchase is one of the costliest residential transactions ever recorded in India. The price of over Rs 2.83 lakh per square foot is an all-time high in the Indian property market.
What are some other notable real estate transactions in Mumbai?
Notable real estate transactions in Mumbai include Uday Kotak acquiring a sea-facing residential building in Worli for over Rs 400 crore, Yohan Poonawalla and his wife Michelle purchasing a mansion in Cuffe Parade for over Rs 500 crore, and family members of DMart founder Radhakrishna Damani purchasing 28 housing units in Worli for Rs 1,238 crore.
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