Shaula Real Estates Acquires Rs 226 Crore Duplex in Mumbai's Luxury Worli Project
Shaula Real Estates, a firm co-founded by Tanya Arvind Dubash, the eldest daughter of industrialist Adi Godrej, has made a significant real estate investment by purchasing a luxury duplex apartment in Mumbai's Worli for Rs 226 crore.
Real EstateLuxury ApartmentShaula Real EstatesMumbaiWorliReal EstateJun 09, 2025
The purchased property is part of the Naman Xana project, developed by Shree Naman Group. This luxury residential project spans 0.64 acres and is scheduled for completion by 2027. According to IGR documents reviewed by property consultant Square Yards, the transaction was a primary sale, and the apartment was purchased from Naman Residency Private Limited and Karp Estate Private Limited.
The duplex unit boasts a carpet area of 856 sq. m. (9,214 sq. ft.) and a balcony of 114 sq. m. (1,227 sq. ft.). The total built-up area of the apartment is 1,067 sq. m. (11,485 sq. ft.), including six car parking spaces. The deal incurred a stamp duty of Rs. 13.55 crore and registration charges of Rs. 30,000, as per data shared by Square Yards.
Based on the total transaction value of Rs. 225.76 crore, the per sq. ft. rate works out to approximately Rs. 2.45 lakh on the carpet area of 856 sq. m. (9,214 sq. ft.). On the total built-up area of 1,067 sq. m. (11,485 sq. ft.), the rate comes to around Rs. 1.97 lakh per sq. ft. This makes it one of the most expensive residential real estate transactions in the country.
Shaula Real Estates Private Limited is an Indian private company incorporated on 26 March 2025 and is based in Mumbai. The firm's directors include Tanya Arvind Dubash and Clement George Pinto.
Last month, Naman Xana gained significant attention when Leena Gandhi Tewari, the chairperson of pharmaceuticals firm USV, purchased two duplex apartments for Rs 639 crore. This deal marked India’s most expensive apartment purchase ever. Market experts attribute the high-value transactions in the area to limited land supply, consistently high capital values, and sustained interest from high-net-worth individuals (HNIs) and corporate buyers.
Billionaire and banking tycoon Uday Kotak and his family also made a notable investment in the area, purchasing 12 luxury apartments for Rs 202 crore in Worli Sea Face between May 2024 and January 2025. Infrastructure projects such as the Mumbai Coastal Road and the metro network expansion are expected to improve Worli’s accessibility and support long-term demand.
The location, upcoming infrastructure, and availability of premium sea-view residences continue to reinforce Worli’s position as a high-value real estate micro-market. This trend underscores the enduring appeal of Worli as a prime location for luxury real estate investments.
Frequently Asked Questions
Who are the directors of Shaula Real Estates?
The directors of Shaula Real Estates Pvt Ltd are Tanya Arvind Dubash and Clement George Pinto.
What is the total transaction value of the duplex apartment in Worli?
The total transaction value of the duplex apartment is Rs 225.76 crore.
What is the per sq. ft. rate of the duplex apartment based on the carpet area?
The per sq. ft. rate of the duplex apartment based on the carpet area is approximately Rs. 2.45 lakh.
What are the upcoming infrastructure projects that will improve Worli's accessibility?
The upcoming infrastructure projects that will improve Worli's accessibility include the Mumbai Coastal Road and the metro network expansion.
How does the Naman Xana project contribute to the luxury real estate market in Worli?
The Naman Xana project contributes to the luxury real estate market in Worli by offering premium sea-view residences and attracting high-net-worth individuals and corporate buyers, reinforcing Worli’s position as a high-value real estate micro-market.
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