USV Chairperson Leena Gandhi Tewari Acquires Two Ultra-Luxury Duplexes in Mumbai for Rs 639 Crore
Leena Gandhi Tewari, the chairperson of USV Ltd, has made a significant real estate purchase by acquiring two ultra-luxury sea-facing duplex apartments in Mumbai's upscale Worli area for Rs 639 crore.
Mumbai Real EstateLuxury ApartmentsUsv LtdLeena Gandhi TewariNaman XanaReal Estate MumbaiMay 29, 2025
Leena Gandhi Tewari, the chairperson of pharma giant USV Ltd, has bought two ultra-luxury sea-facing duplex apartments in Mumbai's upscale Worli area for Rs 639 crore, as reported by Economic Times. This transaction is one of the costliest residential deals ever recorded in India. The apartments are located on the 32nd to 35th floors of Naman Xana, a newly constructed 40-storey premium tower overlooking the Arabian Sea. They spread across 22,572 square feet, with the price working out to more than Rs 2.83 lakh per square foot, setting a new benchmark in the Indian property market.
Tewari also paid over Rs 63.9 crore in stamp duty and GST for the registration, bringing the total transaction value to over Rs 700 crore. Leena Gandhi Tewari is the chairperson of USV Private Limited, a Mumbai-based multinational pharmaceutical and biotechnology company. USV, founded in 1961 by her grandfather Vithal Balkrishna Gandhi, specializes in diabetic and cardiovascular medications, biosimilars, and active pharmaceutical ingredients. Under her leadership, the company has expanded its global presence, operating in over 75 countries and acquiring the German generics firm Juta Pharma in 2018.
Tewari completed her Bachelor of Commerce from the University of Mumbai before pursuing an MBA from Boston University. Her educational background and leadership skills have been instrumental in driving USV's growth and success.
Mumbai has witnessed several multi-crore real estate deals in recent years. In 2025, Uday Kotak, founder of Kotak Mahindra Bank, and his family acquired an entire building of 22 flats in Mumbai’s Worli for over Rs 400 crore, as reported by Mint. In 2024, billionaire industrialist Yohan Poonawalla and his wife Michelle purchased a 30,000 square feet standalone mansion in South Mumbai's Cuffe Parade for over Rs 500 crore, according to NDTV. In February 2023, Godrej Properties acquired Raj Kapoor's iconic bungalow in Chembur for approximately Rs 100 crore, and that same year, family members and associates of DMart founder Radhakrishna Damani purchased 28 housing units in Worli for Rs 1,238 crore, as reported by Hindustan Times.
These high-profile transactions highlight the continued interest and investment in Mumbai's real estate market, particularly in the luxury segment. The city's prime locations, such as Worli and Cuffe Parade, remain highly sought after for their scenic views and prestigious addresses.
Frequently Asked Questions
Who is Leena Gandhi Tewari?
Leena Gandhi Tewari is the chairperson of USV Ltd, a multinational pharmaceutical and biotechnology company. She is known for her leadership in expanding the company's global presence and acquiring the German generics firm Juta Pharma in 2018.
What is the value of the duplexes Leena Gandhi Tewari bought in Mumbai?
Leena Gandhi Tewari bought two ultra-luxury sea-facing duplex apartments in Mumbai's Worli area for Rs 639 crore. The total transaction value, including stamp duty and GST, is over Rs 700 crore.
Where are the duplexes located?
The duplexes are located on the 32nd to 35th floors of Naman Xana, a newly constructed 40-storey premium tower in Mumbai's upscale Worli area, overlooking the Arabian Sea.
What is the significance of this real estate deal?
This deal is one of the costliest residential transactions ever recorded in India, with the price working out to more than Rs 2.83 lakh per square foot, setting a new benchmark in the Indian property market.
What other notable real estate deals have been made in Mumbai recently?
Notable recent deals include Uday Kotak's acquisition of a sea-facing residential building in Worli for over Rs 400 crore, Yohan Poonawalla's purchase of a mansion in Cuffe Parade for over Rs 500 crore, and the purchase of 28 housing units in Worli by family members and associates of DMart founder Radhakrishna Damani for Rs 1,238 crore.
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