Mumbai's Real Estate Soars with ₹639 Cr Apartment Purchase: India's Most Expensive Deal Yet!
Mumbai's luxury real estate market has reached new heights with the chairperson of USV Pharma, Leena Gandhi Tewari, purchasing two sea-facing duplexes in Worli for an astounding ₹639 crore, making it the most expensive residential deal in India.
Mumbai Real EstateLuxury ApartmentsHighend PropertyUsv PharmaWorliReal EstateMay 30, 2025
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 region’s prime location and limited availability of premium properties are attracting significant investments from wealthy individuals and families.
The luxury real estate market in Mumbai has been thriving, driven by a combination of factors such as economic growth, increasing disposable income, and a preference for high-end living. Worli, with its picturesque sea views and strategic location, has become a sought-after destination for the ultra-rich, making it a key player in the city’s real estate landscape.
Frequently Asked Questions
What is the total cost of the apartment purchase in Worli, including taxes?
The total cost of the apartment purchase, including stamp duty and GST, is ₹703 crore.
Who is the buyer of the sea-facing duplexes in Worli?
The buyer of the sea-facing duplexes in Worli is Leena Gandhi Tewari, the chairperson of USV Pharma.
What is the price per square foot of the duplexes in Naman Xana tower?
The price per square foot of the duplexes in Naman Xana tower is over ₹2.83 lakh.
What other high-profile real estate deals have been made in Worli recently?
Other high-profile deals in Worli include Uday Kotak’s ₹400-crore acquisition of an entire building and Sun Pharma’s Dilip Shanghvi’s family purchasing ₹130-crore apartments.
What factors are driving the luxury real estate market in Worli?
The luxury real estate market in Worli is driven by factors such as prime location, sea views, scarcity of premium inventory, and increasing wealth from the pharmaceutical sector.
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