Mumbai:

The buyer, a recently incorporated firm, counts among its directors Tanya Arvind Dubash, executive director and chief brand officer of Godrej Industries Ltd, and Clement George Pinto, CFO of the company’s chemicals division. The transaction was concluded in May and promptly registered, according to property filings, according to Square Yards.

Mumbai’s high-end real estate market shows no signs of slowing down, with the upscale neighbourhood of Worli reinforcing its reputation as the city’s newest playground for the ultra-wealthy. In the latest big-ticket acquisition, Shaula Real Estates Pvt Ltd has purchased a luxurious sea-facing duplex apartment for Rs 225.76 crore in the upcoming residential tower, Naman Xana.

India’s priciest residential property deal in Mumbai

This deal comes hot on the heels of one of India’s priciest residential transactions. Leena Gandhi Tewari, chairperson of USV Pharmaceuticals, recently acquired two duplexes spanning four floors in the same tower for Rs 639 crore. Including stamp duty and taxes, the total outlay soared to Rs 703 crore,  setting a record per-square-foot rate of Rs 2.83 lakh.

The back-to-back high-value deals signal a growing demand for ultra-luxury homes among India’s wealthiest families. Market observers note that Worli is fast becoming a preferred address for high-net-worth individuals drawn to its location, prestige, and sea-facing homes.

11,485 sq. ft. apartment sold at Rs 1.97 lakh per square feet

Located on the sought-after Worli Sea Face, the plush 40-storey tower is being developed by the Shree Naman Group. The acquired apartment spans a lavish 11,485 square feet, pegging the cost at approximately Rs 1.97 lakh per square foot. The seller in this primary market transaction is a joint venture between Naman Residency Pvt Ltd and Karp Estate Pvt Ltd.

Naman Xana occupies a 0.64-acre plot and is expected to be completed by 2027. With sweeping views of the Arabian Sea and easy access to landmark infrastructure like the Bandra-Worli Sea Link and the newly operational Mumbai Coastal Road, the project has become a magnet for elite buyers seeking exclusivity and convenience.

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