Latest news with #GodrejIndustries
News18
14 hours ago
- Business
- News18
USV's Leena Tewari Buys Rs 639-Crore Duplexes In Worli; Godrej's Dubash Acquires Flat For Rs 225 Cr
Last Updated: The combined area of the apartments bought by USV's Leena Tewari spans the 32nd to 35th floors, with the per-square-foot rate clocking in at Rs 2.83 lakh. In one of the most expensive residential real estate transactions in India, USV Pharmaceuticals chairperson Leena Gandhi Tewari has purchased two duplex apartments in the ultra-luxury Naman Xana project at Worli Sea Face for a total consideration of Rs 639 crore. The combined area of the apartments spans the 32nd to 35th floors, with the per-square-foot rate clocking in at Rs 2.83 lakh, currently probably the highest rate recorded across all residential markets in India. The transaction, including stamp duty and GST of Rs 63.90 crore, pushes the total deal value to Rs 703 crore. It was registered on May 28, according to property registration records. Tewari, who chairs the privately held USV and is among India's wealthiest with a net worth exceeding $3 billion, is the granddaughter of the company's founder, Vithal Gandhi. Her husband, Prashant Tewari, is USV's managing director, and their children, Aneesha and Vilas, are also part of the company's board. The Naman Xana development, a 40-storey luxury tower, is positioned in Mumbai's super-premium market segment. Apart from sweeping views of the Arabian Sea, it benefits from enhanced connectivity via the newly opened Coastal Road. The project has drawn other prominent buyers. Tanya Dubash, daughter of Godrej Industries chairman Adi Godrej, also acquired a duplex in the same building for around Rs 225 crore, at a rate of approximately Rs 2.20 lakh per sq ft. Her deal was registered on May 26. These high-value transactions reflect ongoing strength in Mumbai's luxury housing market. In recent months, the city has witnessed several mega deals, including two apartments at 360 West in Worli purchased by the Kabra family of RR Kabel for nearly Rs 200 crore, and a Rs 405 crore acquisition by Metro Brands' promoters at Palais Royale in Lower Parel, for a property measuring over 38,000 sq ft. Similar top-tier transactions have occurred at Lodha Malabar and other luxury developments across South Mumbai. First Published: May 30, 2025, 10:06 IST
NDTV
a day ago
- Business
- NDTV
Godrej's Tanya Dubash-Promoted Realty Firm Buys Mumbai Flat For Rs 226 Crore
Shaula Real Estates, linked to Adi Godrej's daughter, bought a luxury duplex in Worli, Mumbai, for Rs 225.76 crore. The 11,485 sq ft apartment is part of an under-construction project, Naman Xana, set to finish by 2027. Mumbai: Private real estate firm Shaula Real Estates, where the daughter of Godrej Industries Chairman Adi Godrej is a director, has purchased a duplex apartment in a luxury housing project at Worli in Mumbai for nearly Rs 226 crore. Tanya Arvind Dubash, the eldest daughter of industrialist Adi Godrej, and Clement George Pinto are directors in Shaula Real Estates Pvt Ltd, according to sources. The company has been incorporated on March 26, 2025, in Mumbai. In a statement on Monday, real estate consultant Square Yards said, "Shaula Real Estates has purchased a duplex apartment in the Naman Xana project located in Worli, Mumbai, for Rs 225.76 crore". Square Yards said it has seen property registration documents. The transaction was registered in May 2025. Godrej Industries did not comment on the transaction. The purchased property is part of Naman Xana, an under-construction luxury residential project. As per RERA, the project is spread over 0.64 acres and is scheduled for completion by 2027. The transaction was a primary sale and the apartment was purchased from Naman Residency Pvt Ltd and Karp Estate Pvt Ltd. The duplex unit has a carpet area of 9,214 sq ft and a balcony of 1,227 sq ft. The total built-up area of the apartment is 11,485 sq ft. "Based on the total transaction value of Rs 225.76 crore, the per sq ft rate works out to approximately Rs 2.45 lakh on the carpet area. On the same total property value, the rate comes to around Rs 1.97 lakh per sq ft on the total built-up area," Square Yards said. Post-COVID pandemic, the Indian real estate market has seen many big-ticket deals, especially from celebrities and industrialists.
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Business Standard
a day ago
- Business
- Business Standard
Godrej's Tanya Dubash-promoted firm buys apartment in Mumbai for 226 cr
Private real estate firm Shaula Real Estates, where the daughter of Godrej Industries Chairman Adi Godrej is a director, has purchased a duplex apartment in a luxury housing project at Worli in Mumbai for nearly Rs 226 crore. Tanya Arvind Dubash, the eldest daughter of industrialist Adi Godrej, and Clement George Pinto are directors in Shaula Real Estates Pvt Ltd, according to sources. The company has been incorporated on March 26, 2025, in Mumbai. In a statement on Monday, real estate consultant Square Yards said, "Shaula Real Estates has purchased a duplex apartment in the Naman Xana project located in Worli, Mumbai, for Rs 225.76 crore". Square Yards said it has seen property registration documents. The transaction was registered in May 2025. Godrej Industries did not comment on the transaction. The purchased property is part of Naman Xana, an under-construction luxury residential project. As per RERA, the project is spread over 0.64 acres and is scheduled for completion by 2027. The transaction was a primary sale and the apartment was purchased from Naman Residency Pvt Ltd and Karp Estate Pvt Ltd. The duplex unit has a carpet area of 9,214 sq ft and a balcony of 1,227 sq ft. The total built-up area of the apartment is 11,485 sq ft. "Based on the total transaction value of Rs 225.76 crore, the per sq ft rate works out to approximately Rs 2.45 lakh on the carpet area. On the same total property value, the rate comes to around Rs 1.97 lakh per sq ft on the total built-up area," Square Yards said. Post-COVID pandemic, the Indian real estate market has seen many big-ticket deals, especially from celebrities and industrialists.
Hindustan Times
a day ago
- Business
- Hindustan Times
Godrej's Tanya Dubash buys ₹226 crore duplex in Mumbai's Worli
Tanya Dubash, daughter of Godrej Industries Chairman Adi Godrej, has purchased a luxury duplex apartment for over ₹226 crore in the premium Naman Xana development at Worli Sea Face. The sea-facing property was acquired through Shaula Real Estates Pvt Ltd, a subsidiary of Godrej Industries, according to documents accessed by Zapkey. The same luxury complex also houses two duplex apartments purchased by Leena Gandhi Tewari, chairperson of USV, for a total of ₹639 crore last month. On May 28, pharmaceutical firm USV's chairperson, Leena Gandhi Tewari, had bought two luxury sea-facing duplex apartments in the same complex for ₹639 crore. She spent almost ₹63.9 crore in stamp duty and GST, bringing the total value of the transaction to about ₹703 crore, making it the most expensive residential property deal recorded in the country. Tanya Dubash, chief brand officer at Godrej Group, has purchased the duplex apartment for ₹225.7 crore, translating to approximately ₹2.16 lakh per sq ft, as per property documents. The unit spans the 30th and 31st floors of the sea-facing Naman Xana project and includes five car parking spaces, the documents accessed by Zapkey showed. According to the IGR documents reviewed by Square Yards, the transaction was a primary sale, and the apartment was purchased from Naman Residency Private Limited and Karp Estate Private Limited. The duplex unit has a carpet area of 856 sq. m. (~9,214 sq. ft.) and a balcony of 114 sq. m. (1,227 sq. ft.). The total built-up area of the apartment is 1,067 sq. m. (~11,485 sq. ft.). The apartment includes six car parking spaces. The deal incurred a stamp duty of Rs. 13.55 crore and registration charges of Rs. 30,000. The transaction was registered on May 26. Also Read: Leena Gandhi Tewari buys Mumbai's costliest flats for ₹639 cr: Why are pharma tycoons investing in luxury real estate? A query has been sent to Godrej and Shree Naman Group. The story will be updated if a response is received. Square Yards said that Worli is a centrally located area in Mumbai, positioned between major commercial zones such as Lower Parel, Nariman Point, and Bandra-Kurla Complex (BKC). The locality is characterised by limited land supply, consistently high capital values, and sustained interest from HNIs and corporate buyers. Infrastructure projects like the Mumbai Coastal Road and the metro network expansion are expected to improve accessibility and support long-term demand. Worli's location, upcoming infrastructure, and availability of premium sea-view residences continue to reinforce its position as a high-value real estate micro market. Also Read: Uday Kotak and family buy entire building of 22 flats in Mumbai's Worli for over ₹400 crore Square Yards said that the property is part of Naman Xana, an under-construction luxury residential project by Shree Naman Group. As per RERA, the project is spread over 0.64 acres and is scheduled for completion by 2027. Also Read: Shahid Kapoor and wife Mira Kapoor rent out ₹60 crore luxury apartment in Mumbai's Worli for 20 lakh per month In May, billionaire Uday Kotak set a national benchmark by purchasing eight additional flats, thereby acquiring the entire building on Worli Sea Face, Mumbai, for more than ₹400 crore.
Hospitality Net
28-05-2025
- Business
- Hospitality Net
GBTA Establishes New Advisory Boards in India and China to Strengthen its Expanding Presence in Asia Pacific
SINGAPORE - The Global Business Travel Association (GBTA), the world's premier business travel and meetings trade organization, is expanding its engagement with the business travel industry community in the Asia Pacific (APAC) region with the creation of two new GBTA advisory boards in India and China. Announced yesterday during the GBTA APAC Conference 2025 — held in partnership with the WERC® Regional Summit at the Raffles City Convention Centre — these new advisory boards bring together regional professionals from leading organizations to provide strategic advisement, industry knowledge, and local market insights as GBTA continues to expand its footprint across APAC. For GBTA India, Ajay Bhatt, Group Head, Corporate Services for Godrej Industries Group, will serve as Chairperson of the country's 15-member Advisory Board which includes: Siva Sankar Ala, Director- Travel & Hospitality, Dr. Reddy's Laboratories Ltd . . Sri Arardhi, Co-Founder, Fast Collab Systems Pvt Ltd. Rajan Bahadur, CEO, Tourism & Hospitality Skill Council of India THSC Monica Bhatnagar, Assistant Project Officer, World Bank Rajan Dua, Founder & Managing Director, Udaan India Private Limited Dev Karvat, Founder & CEO, Asego Amarnath Lal Das, India Travel Lead and Global Crisis and Compliance, Accenture Solutions PVT. LTD Manian SGS, Associate Director, Mindsprint Gaurav Shekhar Nagwekar, Head Travel Logistics & Corporate Service Administration, Reliance Industries Jehangir Press, VP - Strategic Accounts Management Group & Commercial Director Qmin, Indian Hotel Company Limited Sudha Prasad, Sr Manager - Compliance (Travel Industry), Mphasis Limited Prasad Shriyan, Vice President - Corporate Travel, Thomas Cook Santosh Sharma, Co-founder & CEO, Foresee Aviation Sakshi Vij, Managing Director, Carzonrent India Pvt Ltd. The 10-member Advisory Board for GBTA China includes: Jonathan Kao, Managing Director, North Asia, BCD Travel Becky Cao, Vice President - Sales and Marketing, China, Langham Hospitality Group Michael Du, Managing Director, CIBT Lingyun Fan, APAC Travel Manager, General Motors Anja Jia, General Manager of Client Success, Ibrahim Orhanli, General Manager, Eastern China, Turkish Airlines Liping Si, Travel Operations Lead - APJ, ExxonMobil Samuel Wang, Travel Manager, APAC, Adient Yoyo Wang, Regional Senior Sourcing Manager of General Service, MGS Commercial APMEA, Mars Sophie Xu, Global Procurement-Procurement Manager, BeiGene The addition of these boards follows the successful formation of a GBTA Advisory Board in Australia earlier this year. GBTA has also added local staff based in Singapore, Australia and India to better support members and partners, reinforcing its long-term commitment to the APAC region. Our mission in APAC is to empower the business travel community through meaningful connections and tailored support and offerings. By leveraging the insights of our advisory board members and fostering collaboration, we're able to address the unique needs of the region, ensuring that APAC remains a dynamic hub for business travel. Catherine Logan, GBTA Regional Senior Vice President for EMEA and APAC India and China represent essential and growing markets for business travel with immense potential for innovation,. Our regional initiatives such as our APAC Conference exemplify our commitment to dialogue and partnership in a region that plays a pivotal role in shaping the future of the industry. Elle Ng-Darmawan, GBTA Regional Director for APAC The GBTA APAC Conference 2025, taking place 27-28 May, is a platform for business travel professionals in APAC and beyond to network, gain insights from industry leaders and participate in peer-to-peer learning. For more information about the GBTA APAC Conference 2025, go to To learn more about GBTA APAC, visit the regional website here. About GBTA The Global Business Travel Association (GBTA) is the world's premiere business travel and meetings trade organization headquartered in the Washington, D.C. area and serving stakeholders across six continents. GBTA and its 8,000+ members represent and advocate for the $1.48 trillion global travel business and meetings industry. GBTA and the GBTA Foundation deliver world-class education, events, research, advocacy and media to a growing global network of more than 28,000 travel professionals and 125,000 active contacts. For more information visit About the GBTA Foundation The mission of the GBTA Foundation, the US 501c3 charitable arm of the Global Business Travel Association, is to help the global business travel industry create a positive impact and better future for people and the planet. The GBTA Foundation focuses on the strategy and execution of GBTA's global sustainability programs, supporting initiatives related to climate action; diversity, equity and inclusion; and other talent-related topics via education, research and advocacy. For more information visit Debbie Iannaci GBTA Global Communications, PR & Research +1 305 301 7057 GBTA
