Rs 639 crore for 2 duplexes: Mumbai’s Worli records India’s priciest apartment sale to date
Mumbai’s luxury real estate market has just set another record, with two sea-facing duplex apartments in Worli being sold for Rs 639 crore. India’s most expensive residential apartment sale to date was done at Naman Xana, a 40-storey building on the Worli Sea Face spanning a total area of 22,572 sq ft.
Leena Gandhi Tewari, chairman of a pharma company Ltd has purchased the two ultra-luxury units on floors from 32 to 35 at a cost of Rs 2.83 lakh per sq ft on a carpet area basis. The registration was done earlier this week.
According to documents, Tewari shelled out more than Rs 63.9 crore in stamp duty and GST alone, bringing the total payment for the transaction to just short of Rs 703 crore.
Worli, a sea-facing locality in south-central Mumbai, has become a hub of luxury housing and the deal reflects its supremacy in India’s premium residential realty. With panoramic views of the Arabian Sea and proximity to Bandra, Nariman Point, and upcoming infrastructure such as the coastal road and sea link extensions, Worli is still among India’s favourite locations for its elite class.
Mumbai’s real estate market, particularly in the luxury segment, has seen an unprecedented surge in recent months. The city recorded its highest-ever property registrations in April 2024, driven by a mix of investor sentiment, limited supply in premium zones, and growing appetite for signature homes among India’s wealthiest individuals.
