Godrej family scion Tanya Dubash buys Mumbai apartments for Rs 294 crore

Godrej family scion Tanya Dubash has purchased two sea-facing luxury apartments in Mumbai's Worli for over Rs 294 crore, making it one of the country's most expensive residential deals. The ultra-luxury tower Naman Xana has attracted other high-profile buyers, highlighting continued demand for premium Mumbai residences as legacy assets.

The Godrej family scion Tanya Dubash and executive director at Godrej Industries Group, has purchased two sea-facing luxury apartments at an under-construction premium residential tower on Mumbai’s Worli Sea Face for over Rs 294 crore, showed the property registration documents accessed by ET.

The transactions value the apartments at over Rs 2.5 lakh per sq ft, ranking them among the country’s most expensive residential deals based on the per sq ft rate.

The two apartments are located on the 19th and 20th floors of the ultra-luxury tower Naman Xana and each has a carpet area of around 5,812 sq ft along with a 645 square feet balcony, documents showed. The combined area of the residences exceeds 11,500 sq ft excluding balconies.

The apartment on the 19th floor has been bought by Dubhash from the project’s developer Shree Naman Residency, while the other apartment on the 20th floor has been acquired by Shaula Real Estates from Karp Estate, a company related to Godrej Industries.

Both the apartments will come with exclusive access to 8 car parking slots in the tower.

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The latest purchases add to the Godrej family’s growing footprint in the tower. Last year, a company linked to Tanya Dubash had acquired a duplex apartment spanning the 30th and 31st floors in the same project for Rs 225.76 crore. That apartment had a carpet area of 9,214 sq ft and a 1,227 sq ft balcony.

The ultra-luxury residential tower has emerged as one of the country’s most expensive residential addresses, attracting billionaire promoters, industrialists and top corporate executives.

The tower has also seen record-setting transactions from pharmaceutical billionaire Leena Gandhi Tewari, who purchased two duplex apartments for Rs 639 crore at a record-setting price of around Rs 2.83 lakh per sq ft.

Tanya Dubash is the elder daughter of Adi Godrej and serves on the boards of several listed Godrej group companies including Godrej Consumer Products and Godrej Agrovet.

Godrej Industries declined to comment for the story and ET’s email query to the developer remained unanswered.

The Worli micro-market has witnessed a sharp rise in ultra-luxury transactions over the past few years, aided by infrastructure upgrades such as the Mumbai Coastal Road and strong demand for large-format sea-facing homes in south and central Mumbai.

The stretch has emerged as Mumbai’s “billionaires’ row”, with buyers including members of the Godrej family, pharmaceutical promoters and leading banking and business families.

The latest acquisition underscores continued demand for trophy homes despite moderation in broader housing markets. Industry experts said promoter families and ultra-high-net-worth individuals continue to view marquee Mumbai residences as long-term legacy assets and stores of value.

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