Costliest Flat In India: 639 Crore, But Where!

The Indian real estate market has been on a consistent rise in India with metro cities like Hyderabad, Mumbai, and Bengaluru continuing to record growth rate in terms of market capitalisation.

Coming to the topic, now, the biggest ever residential real estate deal in India has been completed and it happened in the financial capital of the country, Mumbai.

Leena Gandhi Tewari, the chairperson of USV Private, a multinational pharmaceutical company based out of India, has acquired a super costly duplex apartment in Worli of Mumbai. This property is a part of the Shri Naman Residency project, Naman Xana which is a sea facing project that is under construction in Worli of Mumbai.

Leena has reportedly acquired two plots in the property(duplex) for an earth shattering price of Rs 639 crore. This is a 22,572 sq foot property, which brings up the price point breakdown to Rs 2.83 lakh per sq foot.

This duplex property comes with a sea facing view, and the project is expected to be one of the most luxurious not in Mumbai, but also across the country.

This is the costliest ever apartment in the history of Indian real estate market. While we generally see ₹10,000 per square feet being considered average in Metro city like Hyderabad, this property in Mumbai has sold for a shocking 2.83 lakh.

Leena is a billionaire and is valued at Rs 3.9 billion. So this mega real estate deal in Mumbai must not have been a big deal for her, considering the vast financial resources.