Mumbai's record home deal: USV's chairperson picks up duplexes for Rs 639 crore
In one of the biggest property deals India has ever seen, Leena Gandhi Tewari, chairperson of pharmaceutical giant USV Ltd, has bought two luxury duplex flats in Mumbai's posh Worli area for Rs 639 crore.These sea-facing homes are in the high-end 40-storey Naman Xana building on Worli Sea Face, offering stunning views of the Arabian Sea. The duplexes are spread across four floors – from the 32nd to the 35th, covering a total area of 22,572 sq ft and come at a massive Rs 2.83 lakh per sq ft, making it one of the costliest home deals in the country.advertisementBut that's not all. Tewari also paid more than Rs 63.9 crore in stamp duty and GST for the registration, bringing the total amount spent to nearly Rs 703 crore.So far, neither Tewari nor the builder has commented on the deal, as per reports.Also, earlier this month, billionaire banker Uday Kotak purchased an entire residential building on Worli Sea Face by acquiring eight apartments, for over Rs 400 crore. Some of the units were bought at a rate of Rs 2.90 lakh per sq ft, including land rights.
Meanwhile, Mumbai's property market shows no signs of slowing down and continues to top the charts as India's most expensive property market. Despite rising property prices and a recent hike in government-set ready reckoner (RR) rates, buyers are still eager to invest, especially in South and Central Mumbai. These areas are home to the country's priciest properties, drawing interest from top industrialists, business heads, film stars, and cricketers alike.advertisement
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