Rs 639 Crore for 2 Duplexes: Mumbai’s Worli Sets New Benchmark in Luxury Real Estate
Mumbai’s luxury real estate market has witnessed a new milestone with the sale of two sea-facing duplex apartments in Worli for Rs 639 crore, marking India’s most expensive residential apartment sale to date.
Luxury Real EstateMumbaiWorliNaman XanaHighend ApartmentsReal Estate NewsMay 29, 2025
Leena Gandhi Tewari, chairman of a pharma company Ltd, has purchased the two ultra-luxury units on floors from 32 to 35 at a cost of Rs 2.83 lakh per sq ft on a carpet area basis. The registration was done earlier this week.
According to documents, Tewari shelled out more than Rs 63.9 crore in stamp duty and GST alone, bringing the total payment for the transaction to just short of Rs 703 crore.
Worli, a sea-facing locality in south-central Mumbai, has become a hub of luxury housing and the deal reflects its supremacy in India’s premium residential realty. With panoramic views of the Arabian Sea and proximity to Bandra, Nariman Point, and upcoming infrastructure such as the coastal road and sea link extensions, Worli is still among India’s favourite locations for its elite class.
Earlier this month, banker Uday Kotak hit the headlines after he purchased a whole sea-facing building on Worli Sea Face for more than Rs 400 crore. Some of the apartments in the deal are said to have closed at about Rs 2.90 lakh per sqft, inclusive of land rights.
Mumbai’s real estate market, particularly in the luxury segment, has seen an unprecedented surge in recent months. The city recorded its highest-ever property registrations in April 2024, driven by a mix of investor sentiment, limited supply in premium zones, and growing appetite for signature homes among India’s wealthiest individuals.
Frequently Asked Questions
What is the significance of the Rs 639 crore sale in Worli?
The Rs 639 crore sale of two sea-facing duplex apartments in Worli marks India’s most expensive residential apartment sale to date, highlighting the growing demand for luxury real estate in Mumbai.
Who purchased the duplex apartments in Naman Xana?
Leena Gandhi Tewari, chairman of a pharma company Ltd, purchased the two ultra-luxury units on floors from 32 to 35 of Naman Xana.
What is the cost per sq ft of the duplex apartments?
The duplex apartments were sold at a cost of Rs 2.83 lakh per sq ft on a carpet area basis.
What makes Worli a desirable location for luxury real estate?
Worli is a sea-facing locality in south-central Mumbai, offering panoramic views of the Arabian Sea and proximity to key business and residential areas like Bandra and Nariman Point. It also benefits from upcoming infrastructure projects such as the coastal road and sea link extensions.
How has the luxury real estate market in Mumbai performed recently?
Mumbai’s luxury real estate market has seen an unprecedented surge in recent months, with the city recording its highest-ever property registrations in April 2024. This growth is driven by investor sentiment, limited supply in premium zones, and a growing appetite for signature homes among India’s wealthiest individuals.
Related News Articles
Affordable Housing Sales Dip 4% in Top Indian Cities
Sales of affordable homes in top Indian cities like Delhi-NCR, Mumbai, Bengaluru, and Hyderabad declined 4% due to lower supply and higher demand for luxury apartments.
Maharashtra Cabinet Renames Pune Airport After Sant Tukaram Maharaj
The Maharashtra Cabinet has approved a proposal to rename Pune airport after the 17th-century Warkari saint and poet, Sant Tukaram Maharaj.
Godrej Properties Bags Three Plots for New Housing Project in MMR
Godrej Properties has secured three adjacent plots totaling 6.5 acres in the Mumbai Metropolitan Region (MMR) for a housing project with a revenue potential of Rs 3,500 crore.
Aurum PropTech to Host 'India PropTech Summit - 2024' in Mumbai
Aurum PropTech is set to organize the 'India PropTech Summit - 2024' on December 2, 2024, in Mumbai. The summit will focus on the latest advancements and opportunities in Property Technology across the Real Estate sector, including Rentals, Distribution,
RBI Reviews and Rationalizes Prudential Norms for UCBs: Key Changes and Implications
The Reserve Bank of India (RBI) has recently reviewed and rationalized the prudential norms for Urban Cooperative Banks (UCBs). The key changes include revised real estate exposure norms and enhanced risk management practices, aiming to strengthen the fin
Tragic End: Cashier Takes Own Life in Sangareddy After Alleged Theft
In a shocking incident, a cashier accused of theft in Telangana's Sangareddy took his own life by touching a live electric wire. The incident has left the community in disbelief and has raised questions about the handling of the case.