Tanya Dubash of Godrej Group Acquires Rs 226 Crore Sea-Facing Duplex in Mumbai's Worli

 

Mumbai’s upscale Worli area continues to cement its position as one of India’s most coveted luxury real estate markets with yet another record-setting transaction. Tanya Dubash, Chief Brand Officer of Godrej Group and daughter of Adi Godrej, Chairman of Godrej Industries, has purchased a lavish duplex apartment in the under-construction Naman Xana development for Rs 225.7 crore.

 

The transaction was carried out by Shaula Real Estates Pvt Ltd, a subsidiary of Godrej Industries. Located on the 30th and 31st floors of the sea-facing tower, the duplex spans a carpet area of approximately 9,214 sq. ft. and includes an additional 1,227 sq. ft. of balcony space. With a total built-up area of 11,485 sq. ft., the home offers sweeping views of the Arabian Sea and comes with six car parking spaces.

 

As per property registration documents accessed by Zapkey, the deal was registered on May 26 and involved a stamp duty payment of Rs 13.55 crore, along with Rs 30,000 in registration charges. The per square foot rate works out to approximately Rs 2.16 lakh, further highlighting Worli’s position as one of the most expensive micro-markets in the country.

 

The seller of the apartment is Naman Residency Private Limited and Karp Estate Private Limited, the developers behind the Naman Xana project, which is being undertaken by the Shree Naman Group. According to the Real Estate Regulatory Authority (RERA), the luxury residential development is spread across 0.64 acres and is expected to be completed by 2027.

 

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This high-profile acquisition follows another major real estate transaction in the same complex just last month. Leena Gandhi Tewari, Chairperson of pharmaceutical major USV, bought two sea-facing duplex apartments in Naman Xana for a staggering Rs 639 crore. Including stamp duty and GST, the total transaction value soared to approximately Rs 703 crore, making it the most expensive residential deal ever recorded in India.

 

Worli has long been favored by India’s ultra-high-net-worth individuals (UHNWIs) and corporate elite, owing to its central location and proximity to key commercial hubs like Lower Parel, Nariman Point, and the Bandra-Kurla Complex (BKC). Despite limited land availability, the area continues to attract sustained demand, bolstered by ongoing infrastructure developments such as the Mumbai Coastal Road and metro expansions, which are expected to further enhance connectivity and livability.

 

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In a separate landmark deal this May, billionaire banker Uday Kotak made headlines by acquiring the entire building on Worli Sea Face, comprising eight additional flats, for over Rs 400 crore.

 

As Mumbai’s luxury property market heats up, Worli continues to set new benchmarks, attracting India’s wealthiest with its promise of exclusivity, location, and unmatched sea views.