Leena Gandhi Tewari Acquires India’s Priciest Home with Rs 703 Crore Mumbai Duplex Deal

By: Sakshi Prakash

Date:

May 30, 2025

India’s real estate market witnessed a landmark transaction as Leena Gandhi Tewari, chairperson of USV Pvt. Ltd., acquired two sea-facing duplex apartments in Worli’s Naman Xana tower for ₹639 crore. Including ₹63.9 crore in stamp duty and GST, the deal’s total value surged to ₹703 crore, establishing a new record for India’s priciest residential sale. The twin duplexes occupy floors 32–35 of the 40-storey development, offering a combined carpet area of 22,572 sq ft (₹2.83 lakh per sq ft), the highest per-sq-ft rate recorded in India’s residential sector.

Naman Xana, scheduled for completion by August 28, 2027, features ultra-luxury amenities including a gym, party hall, pilates room, and smart home automation. This transaction underscores the resilience and escalating valuations in Mumbai’s premium housing segment, particularly in prime sea-face locations like Worli, buoyed by infrastructure upgrades such as the Bandra-Worli Sea Link and Coastal Road. Leena Gandhi Tewari, with a net worth of $3.9 billion according to Forbes, follows a growing trend of high-net-worth individuals deploying capital into trophy properties as both status symbols and inflation hedges. Recent marquee deals by Uday Kotak and Adi Godrej’s family further highlight Mumbai’s super-luxury boom.

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