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India Today
a day ago
- Business
- India Today
Meet Leena Gandhi Tewari, the SUV chairperson who bought India's costliest flats
Leena Gandhi Tewari is a name not many know well, but she recently caught everyone's attention after buying the most expensive flats in India. She bought two sea-facing luxury duplex apartments in Mumbai's Worli area for Rs 639 crore. This deal broke records and surprised many in the property and financial RECORD-BREAKING REAL ESTATE DEALSpanning over 22,572 sq ft, the duplex apartments are situated from the 32nd to the 35th floor in the 40-storey Naman Xana building on Worli Sea Face, overlooking the Arabian Sea. The price works out to more than Rs 2.83 lakh per sq the huge purchase amount, Leena paid over Rs 63.9 crore extra in stamp duty and taxes, making the total cost close to Rs 703 crore. This move was quiet but powerful, much like her OF USVLeena is the chairperson of USV, a Mumbai-based pharmaceutical company, which was started by her late father, Vithal Gandhi, in partnership with Revlon in 1961. Forbes estimates Leena's net worth at $3.9 billion, as of May 30, 2025, making her one of India's richest keeps her personal life as private as her business affairs. She is known to be a close friend of Nita Ambani. Her husband, Prashant Tewari, who is also involved with USV, is an IIT graduate and a mechanical engineer from Cornell. Their daughter, Aneesha Gandhi Tewari, holds a Ph.D. in molecular biology from MIT and was appointed to USV's board in August popular medicines, such as Glycomet for diabetes and Ecosprin for blood thinning, enjoy wide recognition and trust across the Leena Tewari's record property purchase and her leadership of USV demonstrate her influence both in business and beyond.
India.com
2 days ago
- Business
- India.com
Meet woman who has bought India's most expensive apartments in Mumbai for Rs..., her name is..., business is....
Meet woman who has bought India's most expensive apartments in Mumbai for Rs..., her name is..., business is.... Mumbai's luxury real estate market has once again set a new record and reports suggest that a sea-facing duplex apartment in Worli has been sold for a staggering Rs. 639 crore, making it the most expensive residential property sold in India to date. The property spans a massive 22,572 square feet in a 40-floor building. The buyer is Leena Gandhi Tewari, chairperson of USV India, a pharmaceutical company. Leena Gandhi Tewari purchased two ultra-luxury units between the 32nd and 35th floors. The cost was around Rs. 2.83 lakh per square foot based on the carpet area. The property registration was completed earlier this week. According to documents, Tiwari alone paid more than Rs. 63.9 crore in stamp duty and GST. Worli, situated along the southern-central coastline of Mumbai, has become a hotspot for luxury housing. Who is Leena Gandhi Tewari? Leena Gandhi Tewari is the chairperson of USV Private Limited, a leading Indian pharmaceutical and biotechnology company. She is the granddaughter of Vithal Balkrishna Gandhi, who founded USV in 1961 in collaboration with Revlon. What began as a pharmaceutical importing company has grown into one of the major players in India's healthcare sector. Leena Tewari is also one of the richest women in India. As of May 29, 2025, her real-time net worth is estimated at USD 3.9 billion, according to Forbes. Globally, she ranks 964th among the world's richest people. In 2023, Forbes India listed her as the 45th richest woman in India. Her wealth surpasses that of well-known entrepreneurs like Kiran Mazumdar-Shaw of Biocon and Falguni Nayar of Nykaa. In 2023, her total wealth was estimated at USD 3.7 billion. While Leena Tewari serves as the face of the company, her husband currently oversees the business operations. USV Private Limited generates around USD 511 million in annual revenue, according to Forbes. Tewari did her from the University of Mumbai and Master of Business Administration from Boston University. USV among India's top 5 pharma companies USV Private Limited has grown into one of India's top five pharmaceutical companies specializing in medicines for diabetes and heart-related conditions. The company also manufactures biosimilar drugs, injectables, and active pharmaceutical ingredients (APIs). Leena Gandhi Tiwari's husband, Prashant Tiwari, plays an active role in the company's operations. He is an alumnus of IIT and studied Mechanical Engineering at Cornell University. In 2019, he donated Rs. 34 crore to various social causes. For this, Leena Tiwari was ranked third among India's top female philanthropists in the Hurun India Philanthropy List. Why Worli is becoming the address of choice for India's elite Worli, located in South-Central Mumbai, is fast becoming one of the most coveted addresses for India's ultra-rich. Its panoramic view of the Arabian Sea, close proximity to business hubs like Bandra and Nariman Point, and upcoming infrastructure projects such as the Sea Link extension make it an attractive destination for luxury real estate. Earlier this month, veteran banker Uday Kotak also made headlines for buying an entire sea-facing building in Worli for over Rs. 400 crore. Some apartments in that deal reportedly sold at around Rs. 2.9 lakh per sq ft, including ownership rights to the land, making it one of the most expensive real estate transactions in India. In February 2023, Godrej Properties acquired Raj Kapoor's iconic bungalow in Chembur for approximately Rs 100 crore, and that same year, family members and associates of DMart founder Radhakrishna Damani purchased 28 housing units in Worli for Rs 1,238 crore, according to Hindustan Times .
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Business Standard
2 days ago
- Business
- Business Standard
Leena Gandhi Tewari sets new India record with Rs 703 cr Mumbai duplex deal
India's luxury real estate just got its boldest benchmark yet. Leena Gandhi Tewari, chairperson of pharma giant USV, has purchased two sea-facing duplex apartments in Mumbai's Worli for Rs 639 crore — making it the most expensive residential property transaction ever in India. Add to that Rs 63.9 crore in stamp duty and GST, and the total value of the deal soars to Rs 703 crore, as per documents accessed by industry insiders. Deal details decoded: The twin duplexes are located on the 32nd to 35th floors of Naman Xana, a newly constructed 40-storey ultra-luxury residential tower on Worli Sea Face. Together, the apartments span 22,572 sq. ft. of carpet area — valued at over Rs 2.83 lakh per sq. ft, the highest known price per sq. ft. in India's residential market to date. In total, Tewari paid: Rs 639 crore for the property Rs 63.9 crore in stamp duty and GST Totaling nearly Rs703 crore Tewari's purchase underscores a trend that real estate investors should watch closely: Mumbai's luxury housing market is resilient and appreciating, especially in prime seafront localities. This transaction sets a new pricing benchmark for high-end apartments across India. Worli continues to dominate among Mumbai's ultra-luxury destinations, thanks to infrastructure upgrades like the Coastal Road and Bandra-Worli Sea Link. Who is Leena Gandhi Tewari? Net Worth: $3.9 billion (₹32,500+ crore), per Forbes Real-Time Billionaire List (May 2025) Position: Chairperson, USV Pvt. Ltd., a leading Indian pharmaceutical and biotechnology firm Legacy: Granddaughter of USV founder Vithal Balkrishna Gandhi Family: Husband Prashant Tewari is USV's MD (IIT + Cornell alum) Daughter Aneesha Gandhi Tewari, Ph.D. from MIT, joined the board in 2022 Son Vilas Tewari also serves on the board USV is known for its focus on diabetes, cardiovascular drugs, biosimilars, injectables, and active pharmaceutical ingredients (APIs). It posted revenues of $511 million, and expanded internationally with the acquisition of Germany's Juta Pharma in 2018. Naman Xana and Mumbai's super-luxury boom Tewari isn't the only billionaire eyeing premium real estate in Mumbai. Earlier this month, banker Uday Kotak made headlines after he purchased a whole sea-facing building on Worli Sea Face for more than Rs 400 crore. Some of the apartments in the deal are said to have closed at about Rs 2.90 lakh per sqft, inclusive of land rights. In April 2025, Pirojsha Adi Godrej, chairperson of Godrej Properties and his cousin Freyan Crishna Bieri have bought four apartments just off Peddar Road in Mumbai for a total of Rs 290.59 crore, showed documents accessed by IndexTap, a real estate data driven four luxury apartments are in the Godrej Carmichael project on Carmichael Road, Mumbai, and have been purchased at a record price of Rs 1.78 lakh per square foot. Tanya Dubash, daughter of Adi Godrej, reportedly also purchased a Rs 225 crore duplex in Naman Xana at Rs 2.2 lakh/sq. ft earlier this year. In December 2024, Barnsley Football Club's chairman, Neerav Parekh, and his mother, Kalpana Parekh, purchased two apartments worth Rs170 crore in Naman Xana, according to property registration documents accessed by Indextap. Metro Brands promoters bought a Rs 405 crore flat in Palais Royale, Lower Parel. The Kabra family of RR Kabel closed a Rs 200 crore deal in 360 West, Worli. Realty firm Macrotech Developers in March 2024 sold a luxury apartment of nearly 15,000 square feet area to S R Menon Properties for Rs 187.47 crore, according to Square Yards. The property is located in Worli, in Lodha Sea Face, a luxury residential project developed by Macrotech Developers Ltd. According to RERA, the project is spread across 1.5 acre and comprises 29 residential units featuring 5 BHK and 6 BHK configurations. These headline-making transactions highlight growing confidence in Mumbai's premium residential segment — driven by scarcity of seafront property, improving infrastructure, and rising wealth among India's business elite. For high-net-worth individuals, real estate continues to serve as a status symbol, asset class, and inflation hedge — but for the average investor, it's a cue to watch location, infrastructure plans, and pricing trends very carefully. This is a landmark deal for Mumbai real estate. It sets a new benchmark not just in Worli, but across the city. The sea-facing, unobstructed views and nearing completion status make these units highly desirable. However, whether this price is sustainable remains to be seen," said Ritesh Mehta, senior director and head (North and West), Residential Services and Developer Initiatives at JLL India. Everything you need to know about Naman Xana: Naman Xana is located at Worli Sea Face, Mumbai, Maharashtra – 400018. The project is expected to be completed by 28-08-2027 The starting price for residences at Naman Xana is Rs 97.50 Cr. Naman Xana is registered under the Maharashtra Real Estate Regulatory Authority (MahaRERA) and adheres to all RERA compliance standards. Naman Xana offers ultra-luxurious 6500 sq. ft. apartments Naman Xana provides a range of premium amenities, including: Gym. Party hall. Pilates Room. Indoor Games Area. Naman Xana features an iconic design with panoramic views of the Arabian Sea, eco-friendly architecture, smart home automation, and a prime location at Worli Sea Face, making it one of Mumbai's most coveted addresses. Residences: Each floor offers a bare-shell space of approximately 6,500 sq. ft., allowing for customizable configurations ranging from 3 BHK to 5 BHK. The design facilitates the creation of duplex apartments with double-height spaces, enhancing the sense of luxury and openness.
Time of India
2 days ago
- Business
- Time of India
Who is Leena Tewari? Owner of India's costliest flats worth over Rs 700 crore, spanning 22,572 sq ft in Worli
Leena Tewari , the chairperson of Mumbai-based USV Pharmaceuticals , recently captured public attention for buying India's most expensive residential property—a pair of sea-facing luxury duplex apartments in Worli, Mumbai, for a staggering Rs 639 crore. She also paid Rs 63.9 crore stamp duty and GST. That's nearly Rs 703 crore in total. The landmark deal This landmark deal, reported by The Economic Times on May 28, set a new record in the Indian real estate market with a price exceeding Rs 2.83 lakh per sq ft on a carpet basis, covering 22,572 sq ft across the 32nd to 35th floors of a premium 40-storey tower overlooking the Arabian Sea. She paid over Rs 63.9 crore towards stamp duty and the Goods & Services Tax alone for the registration of the transaction. After accounting for these charges, she has paid a total of nearly Rs 703 crore for the deals. Though widely known among patients for USV's flagship medicines such as Glycomet (for diabetes), Ecosprin (a blood thinner), and Roseday (for cholesterol), Leena Tewari herself maintains a notably low profile. Leena Tewari's net worth Forbes estimates her net worth at $3.9 billion, placing her among India's richest women. Despite her immense wealth, she has kept a discreet presence in business and social circles. Live Events Tewari is also a close friend of Nita Ambani , a prominent figure in Indian business and philanthropy. USV: Leena Tewari's family-run company Under Tewari's leadership, USV remains a family-run company, steadfastly resisting pressures to sell out, bring in private equity, or go public. USV reported revenues of Rs 4,840 crore in FY24, driven by its stronghold on the Indian pharmaceutical market, especially in the diabetes segment. Glycomet ranks as the second-leading anti-diabetes drug in India, just behind GSK's Augmentin. The company's other brands like Ecosprin and Roseday also command significant market shares. Looking ahead, USV faces growing competition from new generation diabetes drugs. To maintain its edge, the company is focusing on expanding its insulin portfolio in India and developing generic versions of blockbuster weight-loss drugs such as Ozempic and Wegovy.
Economic Times
2 days ago
- Business
- Economic Times
Leena Tiwari: Meet the reclusive billionaire owner of India's costliest flats
Mumbai: Glycomet, Ecosprin and Roseday are medicine brands familiar to millions of patients of diabetes or heart condition in India. But not much is known about Leena Tewari, the reclusive chairperson of USV, the Mumbai-based drugmaker that sells those drugs, among many name bounced into news and social circles after she purchased two sea-facing luxury duplex apartments in Mumbai's upscale Worli area for a whopping Rs 639 crore, making it the country's costliest residential property. ET broke the news online on the evening of May transaction shook the property market observers, financial circles, and public at large as it set a record for the most expensive deal concluded in India ever. At over Rs 2.83 lakh per sq ft on carpet basis, the record-breaking deal involves a total area of 22,572 sq ft, spanning the 32nd to 35th floors of a 40-storey super-premium tower overlooking the Arabian Sea on Worli Sea Face. That's not all. Tewari paid over Rs 63.9 crore towards stamp duty and the Goods & Services Tax alone for the registration of the transaction. After accounting for these charges, she has paid a total of nearly Rs 703 crore for the stealth move to buy the plush property resonates remarkably with her demeanour. Few may even know that Leena Tewari is among the closest friends of Nita Ambani. Her husband Prashant Tewari, MD at USV, has a similar temperament and is mostly seen as a quiet and long-term strategic thinker. She is among India's richest women, with Forbes estimating her current net worth at $3.9 decades, the family-run company has braved fierce competition while many of its peers sold out or took on board private equity players to grow their business, or even went for a public listing to raise USV has remained owner-driven and grown its revenues to Rs 4,840 crore in FY24, according to data from Tracxn. Industry executives say Leena Tewari shows no rush and prefers a step-wise approach than stray into risky zones. "She has a core team of 10-12 loyal USV executives to oversee the operations. She has a good sense of timing and does not follow hype," a veteran executive told ET. Her singular focus can be seen from the value of USV's top brands. The anti-diabetes drug Glycomet, for instance, is the second leading product in the Indian pharmaceutical market with sales of Rs 806 crore, ranking next to antibiotic drug Augmentin of GSK, which grossed sales of Rs 820 crore over the last twelve-month period. In blood thinners, USV's Ecosprin and its variants commands a dominant position while Roseday is another popular brand to lower cholesterol in heart patients. But, challenges loom for the future. Glycomet is seeing increasing rivalry from new generation anti-diabetes drugs. USV is looking at a strong position in the insulin business in India. Sources say the company is also keen to develop copies of semaglutide, the material that goes into blockbuster weight-loss brands Ozempic and Wegovy. ( Originally published on May 29, 2025 )
