USV Chairperson Leena Tewari Sets Record with Rs 639 Crore Worli Duplex Purchase
Leena Gandhi Tewari, the chairperson of USV Ltd, has made headlines by acquiring two luxury sea-facing duplex apartments in Mumbai's Worli for a staggering Rs 639 crore. This transaction sets a new benchmark as the most expensive residential property sale in India.
Leena TewariLuxury ApartmentsMumbai Real EstateNaman XanaUsv LtdReal EstateMay 29, 2025
At over Rs 2.83 lakh per sq ft on a carpet basis, this deal marks the most expensive residential property sale ever recorded in India. Tewari has also paid over Rs 63.9 crore towards stamp duty and Goods & Services Tax (GST) for the registration of the transaction, bringing the total cost to nearly Rs 703 crore.
Earlier this month, billionaire banker Uday Kotak set a new national benchmark by finalizing the purchase of eight additional apartments, completing the acquisition of an entire residential building on Worli Sea Face for over Rs 400 crore. Some of the transactions concluded by Kotak were closed at a rate of Rs 2.90 lakh per sq ft, but this includes the inclusion of land rights, given that he now owns the entire building.
Mumbai, the country’s largest and most expensive real estate market, has continued its record-setting spree by scaling yet another peak, registering the highest number of property transactions ever recorded in the month of April. The city continues to dominate the country’s real estate market, maintaining its streak of record-breaking transactions backed by unwavering demand from buyers despite steady growth in property prices and the government’s recently announced hike in ready reckoner (RR) rates from April 1.
South and Central Mumbai, home to India’s costliest residences, have been at the forefront of this boom, attracting a string of high-value deals involving industrialists, senior corporate leaders, film stars, and sports icons in recent years. The robust demand and premium prices in these areas reflect the enduring appeal of Mumbai’s prime locations, where luxury and convenience are paramount.
USV Ltd, a multinational pharmaceutical and biotechnology company, has been under Tewari’s leadership, and this significant property acquisition underscores her financial acumen and strategic vision. The company has a strong presence in the global market and is known for its innovative products and commitment to healthcare solutions.
The acquisition of these luxury duplexes by Tewari not only highlights the growing trend of high-net-worth individuals investing in premium real estate but also underscores the resilience of the Mumbai property market. Despite economic challenges and regulatory changes, the city continues to attract significant investments, driven by its strategic location, infrastructure, and lifestyle attractions.
In the coming years, the real estate market in Mumbai is expected to witness more such high-value transactions, driven by the increasing demand for luxury properties and the confidence of investors in the city’s growth potential. The record-breaking deal by Leena Tewari is a testament to the enduring appeal of Mumbai as a premier real estate destination.
Frequently Asked Questions
Who is Leena Gandhi Tewari?
Leena Gandhi Tewari is the chairperson of USV Ltd, a multinational pharmaceutical and biotechnology company. She recently set a new record by acquiring two luxury sea-facing duplex apartments in Mumbai's Worli for Rs 639 crore.
What is Naman Xana?
Naman Xana is a 40-storey super-premium tower located on Worli Sea Face in Mumbai, overlooking the Arabian Sea. It is known for its luxury apartments and prime location.
What is the significance of this property deal?
This property deal is significant as it sets a new benchmark as the most expensive residential property sale in India, with a rate of over Rs 2.83 lakh per sq ft on a carpet basis.
What other notable property deals have been made in Mumbai recently?
Another notable deal was made by billionaire banker Uday Kotak, who acquired an entire residential building on Worli Sea Face for over Rs 400 crore, including land rights.
Why is Mumbai's real estate market so dominant?
Mumbai's real estate market is dominant due to its strategic location, robust infrastructure, and lifestyle attractions. It continues to attract significant investments from high-net-worth individuals and corporate leaders, driving record-breaking transactions.
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