Mumbai: In Mumbai’s ultra-luxury real estate, a quiet transformation is unfolding — and it’s being led by women.
At Naman Xana, an upscale 40-storey residential tower nestled in Worli, a series of high-value transactions has caught the city’s attention; not just for their eye-popping price tags, but for the profile of the buyers. They are accomplished women entrepreneurs and corporate leaders.
As per the documents available with FPJ, on May 28, Leena Tewari, chairperson of multinational pharmaceutical giant USV Ltd, made headlines by purchasing two sprawling duplexes located on the 32nd to 35th floors in the tower. Each of the apartments span over 1,048.5 sq m and come with six separate parking spots.
Tewari paid a stamp duty of Rs15.97 crore for each unit, while the total transaction value stands at a staggering Rs 639 crore — placing it among the most expensive residential deals in the country. Before her, Tanya Dubash, executive director and chief brand officer at the Godrej Group, purchased another duplex in the same tower for around Rs225.8 crore. Their purchases mark a notable shift in a sector traditionally dominated by male buyers.
Set on a prime corner plot with two adjoining roads and offering panoramic sea views, the duplexes at Naman Xana come with all the hallmarks of opulence — double-height ceilings, expansive living spaces and grandeur. These exclusive homes are part of just 16 units in the project, most of which have already been sold.
The project is being developed by Shree Naman Group, a name well-established in Mumbai's high-end real estate market, including projects in the BKC. The developer now plans to expand its footprint across the city. The company spokesperson was not available for a comment.
