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Pink Villa
13-06-2025
- Business
- Pink Villa
Meet Leena Tewari who bought Rs 703 crore duplex in Mumbai's Worli: Who is this billionaire and what's her story?
Mumbai, India's financial capital, witnesses a record-breaking real estate deal worth Rs 639 crore approx. Leena Gandhi Tewari, the chairperson of pharma giant USV Pharmaceuticals, bought two luxurious, sea-facing duplex apartments in Worli, Mumbai. It is India's most exorbitant residential property transaction to date. Adding GST and stamp duty to the figure, the total cost of the apartment soared to Rs. 703 crore approximately. The luxurious duplex apartment located in the sky-high Naman Xana Tower offers stunning views of the expansive Arabian Sea and breathtaking sunsets. She purchased the high-end apartments on May 28, 2025, and since then, Leena has created a buzz. Leena Tewari's Rs. 703 Cr Luxury Duplex is from the 32nd to 35th floors with over 22,572 sq. ft The lavish twin duplexes are nestled on the 32nd to 35th floors of Naman Xana. It is a newly constructed 40-story ultra-luxurious residential tower. With over 22,572 sq. ft. of carpet area, the apartments are worth over Rs 2.83 lakh per sq. ft. In India's residential market, this represents the highest recorded price per square foot. For the property, Tewari paid Rs. 639 crore, and after adding stamp duty and GST, she invested a total amount of Rs. 703 crore. Due to its prime seafront location, the tower's sale price has established a new benchmark for luxury apartments throughout India. The project is scheduled to be completed by 28 August 2027, with a starting price of Rs. 97.50 crore for residences. It offers high-end 6500 sq. ft. apartments, whereas, the facilities include a gym, a party hall, a Pilates room, and an indoor games area. The eco-friendly architecture, prime location, and smart home automation services make it one of the most coveted addresses in Mumbai. Leena Tewari's Net Worth According to the Forbes Real-Time Billionaire 2025 List, Leena Gandhi Tewari's net worth is estimated to be around $3.9 billion, which is more than Rs. 32,500 crore. She has not only earned recognition as the Granddaughter of USV founder Vithal Balkrishna Gandhi but also as the chairperson of the prestigious Indian pharmaceutical and biotechnology firm. Leena Tewari is not the only one who signed a great real estate deal. Banker Uday Kotak, too, sparked conversations after he bought an entire Worli sea-facing building for more than Rs. 400 crore. The deal consisted of apartments ranging at about Rs 2.90 lakh per sq. ft. In April 2025, the chairperson of Godrej Properties, Pirojsha Adi Godrej, and his cousin, Freyan Crishna Bieri, purchased four apartments worth Rs 290.59 crore parallel to Peddar Road. The apartments were part of the Carmichael project on Carmichael Road, Mumbai, sold for Rs 1.78 lakh per sq. ft. In May, reportedly, Tanya Dubash, the Executive Director and Chief Brand Officer of Godrej Industries, purchased a Rs. 226 crore-worth duplex through Shaula Real Estates, where he is also listed as a director. Covering a built-up area of 11,485 sq ft, this duplex, which spans the 30th and 31st floors, also features a 1,227 sq ft balcony and includes six parking lots. All in all, the real estate industry has been experiencing unprecedented growth with properties valued at Rs. 2 crore and above. With Leena's purchase, the country has set the highest-ever property registration. It is also true that the soaring figures are largely due to the panoramic views of the sea and the extraordinary facilities. Nonetheless, Worli is emerging as the billionaire's home where ultra-high-net-worth individuals seek luxury at its best.
News18
10-06-2025
- 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
03-06-2025
- Business
- NDTV
Inside Naman Xana In Mumbai, Where Pharma Royalty Leena Gandhi Tewari Bought Ultra-Luxury Flats For Rs 703 Crore
Quick Read Summary is AI generated, newsroom reviewed. Leena Gandhi Tewari, USV Pharmaceuticals Chairperson, bought two Mumbai flats. She bought the duplexes for Rs 703 crore, in the residential tower Naman Xana. The real-estate deal is among India's highest ever. Mumbai's real estate scene is no stranger to luxury, but every now and then, a deal comes along that truly raises the bar. On May 28, Leena Gandhi Tewari, Chairperson of USV Pharmaceuticals, bought two ultra-luxury, sea-facing duplex apartments in the prestigious Naman Xana tower. The property is located in Mumbai's upscale Worli neighbourhood. As per a Hindustan Times report, the total value of the deal, including taxes, is a staggering Rs 703 crore, making it the most expensive residential property deal ever recorded in India. A Record-Breaking Deal Leena Gandhi Tewari's purchase of these two sea-facing duplexes sets a new benchmark in India's luxury real estate market. Tewari bought two duplexes, 31st to the 35th floors in Naman Xana. The deal was valued at Rs 639 crore. An additional stamp duty payment of Rs 31.95 crore was part of the deal. According to data from CRE Matrix, this transaction recorded the highest-ever price per square foot, at Rs 3,17,630. However, considering the combined RERA (Real Estate Regulatory Authority) carpet area of over 11,000 sq ft, the effective price per square foot comes down to around Rs 2.83 lakh, the report noted. What Is Naman Xana Developed by the renowned Shree Naman Group, the Naman Xana residential tower is, according to the developers, a true example of architectural brilliance and luxury. It is designed in collaboration with the famous architectural firm Talati & Partners. The 150-metre residential tower overlooks the Worli Seaface and offers stunning panoramic views of the Arabian Sea. The building features 22 residential floors and 11 dedicated parking levels. The 'bare shell' design of Naman Xana allows for 6,500 square feet of space to be designed as 3BHK, 4BHK, or 5BHK as desired. The space can also be customised to create duplex apartments with double-height spaces, says the website of Talati & Partners. Clean lines, with a hint of cascading greens make for pockets of nature within the highrise. Location Takes The Cake Situated at Flora Junction on Worli Seaface, Naman Xana enjoys a prime location with unbeatable connectivity. The building sits in a corner plot, which adds to its overall USP. Residents of this tower have easy access to the Bandra-Worli Sea Link and the Western Express Highway, making travel across Mumbai quick and hassle-free. The neighbourhood is also close to top shopping spots, fine dining restaurants and cultural landmarks. Transactions of this nature aren't exactly new in the real-estate market in Mumbai, which has seen quite a few properties sold for more than Rs 2 lakh per square foot. In most of these cases, it is the location that decides the hefty price tag of the properties. Worli, Tardeo and Malabar Hill are among the most prestigious locations, and in much demand with the ultra-rich. Add to that views of the Arabian Sea, and you have real-estate prices climbing further up. Summing Up Leena Gandhi Tiwari's acquisition of the two ultra-luxury apartments in Naman Xana marks a record deal in Indian real-estate. It is also an indicator of ultra-high net worth individuals investing in India's real-estate market. Last month, DLF's ultra-luxury Trump Tower Residences in Gurugram, Haryana, were all sold out on its launch day itself.
Time of India
30-05-2025
- 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.
