Latest news with #LeenaGandhiTewari
Economic Times
18-07-2025
- Business
- Economic Times
Lloyds' promoter family buys luxury apartments in south Mumbai's Altamount Road for Rs 227 crore
Synopsis Ravi Agarwal and his family, part of the Lloyds Group promoters, have acquired six sea-view luxury apartments in Mumbai's Kalpataru Prive for over Rs 227 crore. The deal, valued at Rs 1.27 lakh per sq ft, includes a seven-bedroom duplex and 24 car parking slots. This transaction reaffirms Altamount Road's status as a prime residential location. Ravi Agarwal (Image courtesy: Lloyds) Ravi Agarwal, part of the Lloyds Group promoters, and his family have acquired six sea-view super-luxury apartments including a seven-bedroom duplex in a residential tower Kalpataru Prive on south Mumbai's Altamount Road, for over Rs 227 family has acquired apartments spread across nearly 18,000 sq ft spanning the 18th to 23rd floors of the under-construction premium tower and is valued at Rs 1.27 lakh per sq ft making it rank among the most expensive and the largest residential transactions in the country this buyers have paid total stamp duty worth nearly Rs 13.29 crore for the registration of these transactions that took place on July 11. The deals will also provide the family exclusive access to 24 car parking slots in the tower, shows the registration documents accessed through deal reaffirms Altamount Road's status as one of India's most expensive and exclusive residential micro-markets and a neighbourhood long associated with India's wealthiest industrialists and business Road has long served as home to industrial and corporate dynasties, top bureaucrats, elite families, and international consulates, earning its iconic nickname Billionaires' Row. In addition to being part of the Lloyds Group promoter family, Ravi Agarwal is Chairman of Lloyd Realty, the real estate arm of the diversified group, which has interests spanning steel, manufacturing, and separate email queries to the Lloyds Group and the project's developer Kalpataru remained unanswered until the time of going to this is among the largest transactions this year, Mumbai has also witnessed larger record-setting residential deals in 2025, including USV Pharmaceuticals' Leena Gandhi Tewari's Rs 639 crore Worli duplex purchase and Uday Kotak's over Rs 400 crore acquisition of sea-facing apartments recently. Mumbai continues to dominate the country's real estate market maintaining its streak of record-breaking transactions backed by unwavering demand from buyers despite steady growth in property prices and the government's recently announced hike in ready reckoner (RR) rates from April and Central Mumbai--home to India's costliest residences--have been at the forefront of this boom, attracting a string of high-value deals involving industrialists, senior corporate leaders, film stars, and sports icons in recent years.
Time of India
18-07-2025
- Business
- Time of India
Lloyds' promoter family buys luxury apartments in south Mumbai's Altamount Road for Rs 227 crore
Ravi Agarwal, part of the Lloyds Group promoters , and his family have acquired six sea-view super-luxury apartments including a seven-bedroom duplex in a residential tower Kalpataru Prive on south Mumbai's Altamount Road, for over Rs 227 crore. The family has acquired apartments spread across nearly 18,000 sq ft spanning the 18th to 23rd floors of the under-construction premium tower and is valued at Rs 1.27 lakh per sq ft making it rank among the most expensive and the largest residential transactions in the country this year. Explore courses from Top Institutes in Select a Course Category Data Analytics healthcare Technology Finance Operations Management Data Science Others Public Policy Healthcare Degree MCA Cybersecurity Data Science Artificial Intelligence Digital Marketing others Design Thinking Leadership Project Management PGDM Management Product Management MBA CXO Skills you'll gain: Data Analysis & Visualization Predictive Analytics & Machine Learning Business Intelligence & Data-Driven Decision Making Analytics Strategy & Implementation Duration: 12 Weeks Indian School of Business Applied Business Analytics Starts on Jun 13, 2024 Get Details The buyers have paid total stamp duty worth nearly Rs 13.29 crore for the registration of these transactions that took place on July 11. The deals will also provide the family exclusive access to 24 car parking slots in the tower, shows the registration documents accessed through The deal reaffirms Altamount Road's status as one of India's most expensive and exclusive residential micro-markets and a neighbourhood long associated with India's wealthiest industrialists and business leaders. Altamount Road has long served as home to industrial and corporate dynasties, top bureaucrats, elite families, and international consulates, earning its iconic nickname Billionaires' Row. Live Events In addition to being part of the Lloyds Group promoter family, Ravi Agarwal is Chairman of Lloyd Realty, the real estate arm of the diversified group, which has interests spanning steel, manufacturing, and infrastructure. ET's separate email queries to the Lloyds Group and the project's developer Kalpataru remained unanswered until the time of going to press. While this is among the largest transactions this year, Mumbai has also witnessed larger record-setting residential deals in 2025, including USV Pharmaceuticals' Leena Gandhi Tewari's Rs 639 crore Worli duplex purchase and Uday Kotak's over Rs 400 crore acquisition of sea-facing apartments recently. Mumbai continues to dominate the country's real estate market maintaining its streak of record-breaking transactions backed by unwavering demand from buyers despite steady growth in property prices and the government's recently announced hike in ready reckoner (RR) rates from April 1. South and Central Mumbai--home to India's costliest residences--have been at the forefront of this boom, attracting a string of high-value deals involving industrialists, senior corporate leaders, film stars, and sports icons in recent years.
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
News18
10-06-2025
- Business
- News18
Godrej Heiress Tanya Dubash's Firm Buys Rs 226-Crore Duplex In Mumbai's Ultra-Luxury Naman Xana
Last Updated: Shaula Real Estates, directed by Tanya Arvind Dubash, bought a sea-facing duplex in Worli's Naman Xana for Rs 225.76 crore, following Leena Gandhi Tewari's Rs 639 crore purchase. Mumbai's luxury real estate market continues to soar with another marquee transaction in Worli. Shaula Real Estates Pvt Ltd, which lists Tanya Arvind Dubash, executive director and chief brand officer of Godrej Industries Ltd, as one of its directors, has purchased a sea-facing duplex apartment for Rs 225.76 crore in the ultra-luxury project Naman Xana. Located in the upcoming 40-storey tower being developed by Shree Naman Group at Worli Sea Face, the apartment spans 11,485 square feet, translating to a rate of about Rs 1.97 lakh per sq ft. The primary sale transaction was registered in May, according to documents accessed via Square Yards. The seller was Naman Residency Pvt Ltd and Karp Estate Pvt Ltd. The Naman Xana project sits on a 0.64-acre parcel and is set to be completed by 2027. With panoramic views of the Arabian Sea and proximity to key infrastructure like the Bandra-Worli Sea Link and the newly inaugurated Mumbai Coastal Road, the development has quickly emerged as one of the most desirable addresses in the country's most expensive real estate market. Dubash's acquisition comes just days after one of India's most expensive residential real estate transactions was recorded in the same tower. Leena Gandhi Tewari, chairperson of USV Pharmaceuticals, purchased two duplex apartments for a staggering Rs 639 crore. The deal, which includes floors 32 to 35 of the tower, was registered on May 28. Factoring in taxes and stamp duty, the total deal value reached Rs 703 crore. Tewari paid an eye-watering Rs 2.83 lakh per sq ft — among the highest ever recorded in India's residential property market. The move underlines the growing appetite for high-end homes among India's billionaire families. Billionaire Street in the Making Other notable ultra-luxury transactions in Mumbai have also made headlines this year. Seema Singh of Alkem Laboratories bought an apartment in Lodha Seaface for Rs 185 crore, while promoters of Metro Brands acquired a 38,000 sq ft space in Palais Royale for Rs 405 crore. 'Sea-facing, luxury residential projects such as Naman Xana, 'The Legacy', and 'Lodha Seaface' are creating a new billionaire's street in the heart of Worli," said Fatima Saidi, head of luxury residential (Mumbai) at Anarock Property Consultants. According to Anarock, 10 homes in Worli have sold for over Rs 100 crore each so far in 2024 — up from four such deals in 2023. In total, 30 homes priced above Rs 40 crore have been sold in Worli over the past two years, with total transaction value exceeding Rs 4,862 crore. 'Premium projects with sea views, expansive layouts, and limited supply are driving up values. Developers are capitalising on this demand with confidence," said a Square Yards spokesperson. As Mumbai's skyline continues to evolve, Naman Xana and its high-profile residents are setting new benchmarks in India's real estate story.
