Mumbai Seaface Deal Breaks Record as USV Chairperson Buys Duplexes for ₹639 Cr

In a record-breaking residential property transaction, Leena Gandhi Tewari, chairperson of pharmaceutical giant USV, has reportedly acquired two luxurious duplex apartments in Mumbai’s high-end Worli neighbourhood for ₹639 crore. The transaction has set a new benchmark as the most expensive residential deal in India on a per square foot basis.

Worli Sea Face Commands Unmatched Price

The duplexes span the 32nd to 35th floors of a 40-storey ultra-luxury tower facing the Arabian Sea. Together, they cover a carpet area of 22,572 sq ft. The deal was reportedly struck at an astronomical rate of ₹2.83 lakh per sq ft, making it one of the priciest real estate sales in the country's history.

Total Outlay Crosses ₹700 Cr with Taxes

In addition to the property value, Tewari is said to have paid over ₹63.9 crore in stamp duty and GST. The total outlay for the acquisition thus comes close to ₹703 crore.

Recent Activity Highlights Rising Demand Among Billionaires

This transaction follows another notable deal in the same area. Earlier this month, Uday Kotak, one of India's most prominent bankers, reportedly purchased an entire residential building on Worli Sea Face for over ₹400 crore. That transaction, too, included per sq ft rates of up to ₹2.9 lakh, though these were influenced by the acquisition of land rights as part of owning the entire structure.

Experts say that such mega-deals are a testament to the growing appetite among India’s ultra-high-net-worth individuals for exclusive sea-facing residences in Mumbai’s prime locations.

Disclaimer: This article is based on media reports and publicly available information. Property prices, transaction details, and associated figures are subject to verification and may change without prior notice.