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Mumbai Real Estate Soars to New Heights with ₹639 Cr Apartment Purchase

Published: April 05, 2026 | Category: real estate news
Mumbai Real Estate Soars to New Heights with ₹639 Cr Apartment Purchase

Mumbai’s luxury real estate market has set a staggering new benchmark with USV Pharma’s chairperson, Leena Gandhi Tewari, purchasing two sea-facing duplexes in Worli for ₹639 crore. Including stamp duty and GST, the total transaction value reaches ₹703 crore, the most expensive residential deal in India.

Located in Naman Developers’ Naman Xana tower, the duplexes span 22,572 sq. ft. across the 32nd to 35th floors, priced at over ₹2.83 lakh per sq. ft., surpassing even Malabar Hill’s elite rates. The deal highlights soaring demand from pharma magnates post-COVID, with experts noting a trend of ultra-HNIs splurging on trophy homes.

This follows other high-profile buys, including Uday Kotak’s ₹400-crore acquisition of an entire Worli building and Sun Pharma’s Dilip Shanghvi’s family purchasing ₹130-crore apartments nearby.

Worli’s sea views and scarcity of premium inventory are driving record deals, said Ritesh Mehta of JLL India. However, analysts caution that while such transactions redefine luxury benchmarks, broader market sustainability remains uncertain.

With pharma wealth fuelling Mumbai’s high-end real estate boom, Worli is now the new hotspot for India’s ultra-rich. The area’s unique combination of scenic views and limited premium properties continues to attract the country’s wealthiest individuals, making it a prime location for luxury real estate investments.

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Frequently Asked Questions

1. What is the total transaction value of the duplexes purchased by Leen
Gandhi Tewari? A: The total transaction value, including stamp duty and GST, is ₹703 crore.
2. Where are the duplexes located?
The duplexes are located in Naman Developers’ Naman Xana tower in Worli, Mumbai.
3. What is the price per square foot for these duplexes?
The price per square foot for these duplexes is over ₹2.83 lakh.
4. Who are some other notable figures who have made high-value real estate purchases in Worli?
Other notable figures include Uday Kotak, who acquired a ₹400-crore building, and the family of Dilip Shanghvi from Sun Pharma, who purchased ₹130-crore apartments nearby.
5. What factors are driving the high demand for luxury real estate in Worli?
The high demand for luxury real estate in Worli is driven by the area's sea views, scarcity of premium inventory, and the increasing wealth of pharma magnates post-COVID.