Mumbai ultra luxury apartments: Two Worli duplexes sold for Rs 639 cr; tax pushes deal to Rs 703 cr

Credit: @IndianTechGuide / X

Mumbai’s luxury property market has broken another record, with two sea-facing duplex apartments in Worli being sold for Rs 639 crore. The transaction, considered the costliest residential apartment deal in India so far, took place at Naman Xana, a 40-storey premium tower located along the scenic Worli Sea Face. Together, the two units cover a carpet area of 22,572 square feet.

According to a report by The Indian Express, the buyer of the duplex apartments is Leena Gandhi Tewari, chairperson of a leading pharmaceutical company. She purchased the high-end duplexes spread across the 32nd to 35th floors of the tower.

The price works out to approximately Rs 2.83 lakh per square foot on a carpet area basis, one of the highest rates ever recorded in the country’s real estate market. According to official documents, she also paid more than Rs 63.9 crore in stamp duty and GST, taking the total cost of the transaction close to Rs 703 crore. The deal was registered earlier this week, the report said.

Worli, located in south-central Mumbai, continues to dominate the ultra-luxury residential segment. The locality, known for its views of the Arabian Sea, also benefits from excellent connectivity to commercial hubs like Bandra and Nariman Point. Upcoming infrastructure projects like the coastal road and extended sea links have further raised its appeal among the country’s elite homebuyers.

This high-profile purchase follows another recent mega deal in the same area. Earlier this month, well-known banker Uday Kotak allegedly bought an entire sea-facing building in Worli for over Rs 400 crore, with some units priced at nearly Rs 2.90 lakh per square foot, including land rights.