Luxury Real Estate Deal: Godrej's Daughter's Firm Buys Rs 226 Crore Mumbai Duplex
In a significant post-pandemic real estate deal, Shaula Real Estates, a firm directed by Tanya Dubash, daughter of Adi Godrej, has purchased a luxury duplex apartment in Mumbai for Rs 226 crore.
Real EstateLuxury ApartmentGodrejMumbaiNaman XanaReal Estate NewsJun 09, 2025
The transaction, which was registered in May 2025, has garnered attention due to its high value and the involvement of a prominent industrialist family. Tanya Arvind Dubash, the eldest daughter of Adi Godrej, who is the Chairman of Godrej Industries, and Clement George Pinto are directors in Shaula Real Estates Pvt Ltd. The company was incorporated on March 26, 2025, in Mumbai, and this is one of its first major acquisitions.
According to real estate consultant Square Yards, the duplex apartment has a carpet area of 9,214 square feet and a balcony of 1,227 square feet, bringing the total built-up area to 11,485 square feet. The per sq ft rate based on the total transaction value of Rs 225.76 crore works out to approximately Rs 2.45 lakh on the carpet area. On the total built-up area, the rate comes to around Rs 1.97 lakh per sq ft.
The Naman Xana project, an under-construction luxury residential development, is spread over 0.64 acres and is scheduled for completion by 2027. The project is being developed by Naman Residency Pvt Ltd and Karp Estate Pvt Ltd. The transaction was a primary sale, and the apartment was purchased directly from these developers.
This deal reflects the growing trend of high-value real estate transactions in the post-COVID era, particularly in the luxury segment. The Indian real estate market has seen a resurgence of interest from both celebrities and industrialists, who are increasingly looking to invest in prime properties in major cities like Mumbai. The pandemic has accelerated the demand for spacious and luxurious homes, as people prioritize comfort and quality of life.
Despite the economic challenges posed by the pandemic, the resilience of the Indian real estate market has been evident in the number of high-profile deals. The purchase by Shaula Real Estates is a testament to the confidence in the market and the appeal of luxury properties in key locations like Worli. The Godrej family's involvement in such a significant transaction further underscores the family's continued influence in the business and real estate sectors.
While Godrej Industries did not comment on the transaction, the deal is likely to have a positive impact on the perception of the Naman Xana project and the broader real estate market in Mumbai. It also highlights the potential for further investments in luxury real estate, driven by the growing wealth and changing lifestyle preferences of high-net-worth individuals in India.
Frequently Asked Questions
Who is Tanya Dubash?
Tanya Arvind Dubash is the eldest daughter of Adi Godrej, the Chairman of Godrej Industries. She is a director in Shaula Real Estates Pvt Ltd, the firm that purchased the luxury duplex apartment in Mumbai.
What is the Naman Xana project?
Naman Xana is a luxury residential project located in Worli, Mumbai. It is an under-construction development spread over 0.64 acres and is scheduled for completion by 2027.
How much did the duplex apartment cost?
The duplex apartment was purchased for Rs 225.76 crore, making it a significant high-value deal in the Indian real estate market.
What is the size of the duplex apartment?
The duplex apartment has a carpet area of 9,214 square feet and a balcony of 1,227 square feet, with a total built-up area of 11,485 square feet.
When was the transaction registered?
The transaction was registered in May 2025, according to property registration documents.
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