Godrej Group’s Tanya Dubash Acquires ₹226 Crore Sea-Facing Duplex in Worli

Tanya Dubash, daughter of Godrej Industries Chairman Adi Godrej and Chief Brand officer at the Godrej Group, has purchased a premium duplex apartment in Mumbai’s Worli area for over ₹226 crore. The transaction further highlights the growing demand for luxury sea-facing properties in the city’s most expensive residential pockets.

The sea-facing property, located in the Naman Xana project at Worli Sea Face, was acquired through Shaula Real Estates Pvt Ltd, a wholly-owned subsidiary of Godrej Industries. According to property documents accessed by Zapkey, Dubash paid ₹225.7 crore for the luxury unit, translating to roughly ₹2.16 lakh per square foot.

The luxury duplex spans the 30th and 31st floors of the under-construction Naman Xana development. The unit features a carpet area of approximately 856 square metres (around 9,214 square feet), complemented by a 114 square metre (1,227 square feet) balcony. The total built-up area of the apartment stands at approximately 1,067 square metres (around 11,485 square feet). The transaction also includes six car parking spaces, which are highly valued in Mumbai’s congested urban landscape.

As per official records reviewed by Square Yards, this was a primary sale transaction. The apartment was purchased from Naman Residency Private Limited and Karp Estate Private Limited, the project’s developers. The deal incurred a stamp duty of ₹13.55 crore, and registration charges amounted to ₹30,000. The transaction was officially registered on May 26, 2025.

Tanya Dubash’s acquisition follows another high-profile purchase in the same complex. Last month, Leena Gandhi Tewari, chairperson of pharmaceutical major USV, acquired two luxury sea-facing duplex apartments in the Naman Xana development for a total of ₹639 crore. Including stamp duty and GST, the total value of Tewari’s transaction exceeded ₹703 crore — the highest value ever recorded for a residential property deal in India to date.

According to the developers and property analysts, Naman Xana is an under-construction luxury residential project by Shree Naman Group. Spread over approximately 0.64 acres, the project is scheduled for completion by 2027, as per Real Estate Regulatory Authority (RERA) filings. With limited land availability and high capital values, Worli remains a preferred destination for ultra-high-net-worth individuals (UHNWIs) and corporate buyers seeking large-format sea-facing residences in South Mumbai.

Recent infrastructure developments are further enhancing the area’s appeal. Projects like the Mumbai Coastal Road and the ongoing metro network expansion are expected to improve connectivity and accessibility to key business districts such as Nariman Point, Lower Parel, and the Bandra-Kurla Complex (BKC). Real estate consultants have observed sustained interest from buyers seeking properties in this micro-market, despite premium pricing.

Industry observers note that Mumbai’s luxury real estate market has seen a series of record-setting deals in recent months. In May 2025 alone, billionaire Uday Kotak made headlines by purchasing eight additional flats in the Worli Sea Face area, thereby acquiring an entire residential building for more than ₹400 crore.

In another instance, Bollywood actor Shahid Kapoor and his wife Mira Kapoor recently leased out their ₹60 crore luxury apartment in Worli for ₹20 lakh per month, reflecting the rental potential of such premium properties.

Tanya Dubash’s purchase aligns with this growing trend of marquee buyers investing in prime Mumbai real estate, particularly in South and Central Mumbai’s limited sea-facing inventory. Market analysts say that wealthy Indian families, senior corporate executives, and entrepreneurs continue to prioritise acquiring large-format residences in these well-connected, high-value micro-markets.

The recent surge in luxury housing demand is also attributed to generational wealth transitions and portfolio diversification among India’s UHNWIs. Many buyers see premium Mumbai real estate as a relatively secure long-term investment, with strong capital appreciation potential and lifestyle value.

According to property consultancy Square Yards, Worli’s location offers a unique mix of proximity to commercial hubs and lifestyle amenities. The limited supply of sea-facing apartments ensures that demand consistently exceeds supply, keeping prices elevated.

The Godrej Group, one of India’s oldest and most diversified business conglomerates, has long maintained significant real estate investments in Mumbai. Tanya Dubash’s acquisition of a personal residence through a group subsidiary further underscores the group’s commitment to strategic property investments in the city.