en.Wedoany.com Reported - Tanya Dubash, a member of the Godrej Group, has acquired two sea-facing apartments at Worli Sea Face in Mumbai for a total transaction value exceeding INR 2.94 billion (approximately INR 294 crore), with a per-square-foot rate of INR 253,000, making it one of the highest per-square-foot rates recorded in the Indian residential market in 2026.
This transaction once again focuses market attention on luxury home pricing at Worli Sea Face. Real estate consultants note that the area has no fixed price benchmark, with prices varying significantly based on factors such as the project, apartment size, floor, view, and location. Older standalone buildings may be worth several hundred million rupees, while top-tier residences in branded luxury towers can easily exceed INR 20 billion.
Ritesh Mehta, Senior Director at JLL India, stated that high-end luxury apartments at Worli Sea Face are typically priced between INR 80,000 and INR 100,000 per square foot, with the most premium residences reaching up to INR 280,000 per square foot. He pointed out that apartment prices in the area generally fall within the INR 150,000 to INR 250,000 per square foot range, with most residences having a carpet area exceeding 3,500 square feet, setting a very high entry barrier. At the relatively affordable end, residences start at around INR 1 billion; at the ultra-luxury end, iconic projects can reach approximately INR 14 billion, while duplex residences range between INR 12.5 billion and INR 25 billion. Monthly maintenance fees typically range from INR 30,000 to nearly INR 300,000, depending on the project and amenities.
Worli Sea Face derives its name from its seaside location in Mumbai's Worli area, renowned for its unobstructed sea views and proximity to South Mumbai and the Bandra-Worli Sea Link, attracting many affluent families associated with the textile, shipping, and finance industries. Since the opening of the Bandra-Worli Sea Link in 2009 and the emergence of the Bandra-Kurla Complex as a major business hub, the area's skyline has undergone significant transformation, with luxury high-rises gradually replacing older buildings.
According to property registration documents accessed by Zapkey, the apartments purchased by Tanya Dubash and her company, Shaula Real Estates Private Limited, are located in the Naman Xana building at Worli Sea Face. Previously, Dubash had purchased a luxury duplex apartment in the same building in May 2025 for over INR 2.26 billion (approximately INR 226 crore). The per-square-foot rate for this transaction is INR 253,000, placing it among the highest per-square-foot rates in the Mumbai real estate market.
The Naman Xana building also garnered significant attention in May 2025. USV Chairman Leena Gandhi Tewari purchased two duplex apartments for a total of INR 6.39 billion (approximately INR 639 crore), making it one of the most expensive transactions in the country that year, at a rate of approximately INR 280,000 per square foot. Additionally, Uday Kotak and his family purchased an entire building with 22 apartments in Worli for over INR 4 billion (approximately INR 400 crore), with one transaction recording a peak price of INR 289,000 per square foot.
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