Godrej scion Tanya Dubash's firm buys ₹226 cr duplex in Worli's super luxury tower Naman Xana

Godrej Heir Makes Landmark Purchase in South Mumbai

In one of the most high-profile real estate transactions of 2025, Tanya Dubash — Executive Director and Chief Brand Officer of Godrej Industries and part of the storied Godrej family — has made headlines with her firm acquiring a lavish sea-facing duplex apartment worth ₹226 crore in the prestigious Naman Xana tower in Worli, Mumbai.

The acquisition, executed through a company controlled by Dubash, marks one of the largest residential property deals in South Mumbai’s prime luxury belt this year, cementing the Naman Xana project’s position among India’s most elite residential addresses.

Inside the Deal: 12,000+ sq ft of Luxury

According to documents accessed via property registration filings, the duplex spans over 12,500 sq. ft. of carpet area across the top floors of Naman Xana, a newly completed tower developed by Shree Naman Group. The purchase includes six car parking slots and is located in one of the most coveted areas of Worli, offering uninterrupted views of the Arabian Sea and the Bandra-Worli Sea Link.

The transaction is believed to have been concluded at a rate of over ₹1.8 lakh per sq. ft., placing it among the highest in the ultra-luxury residential segment. The buyer firm is reportedly linked to Tanya Dubash and her immediate family through corporate shareholdings.

A Growing Trend Among India Inc. Families

Tanya Dubash’s acquisition follows a recent wave of luxury real estate purchases by high-net-worth individuals (HNIs) and business families. Prominent industrialists, including members of the Jindal, Piramal, and Lodha families, have been active in acquiring marquee properties in Mumbai's luxury market.

“Post-pandemic, the appetite for large, expansive, and ultra-premium residences has surged, particularly in Mumbai,” said Arvind Nandan, managing director of Research and Consulting at Savills India. “HNIs are consolidating wealth into tangible assets, especially in premium locations like Worli, Altamount Road, and Juhu. Such purchases also act as status symbols for business families.”

Market Context: South Mumbai’s Property Boom

Mumbai’s luxury real estate sector has been on an upswing over the past 18 months. According to a recent report by Knight Frank India, luxury home sales in Mumbai rose 22% year-on-year in Q1 2025. Worli, with its blend of coastal access and proximity to business districts like Lower Parel and BKC, remains a top destination.

Naman Xana, with just 32 units and an exclusive residents’ club, is built for the elite. The tower includes amenities like an infinity pool, private elevators, a spa, and bespoke concierge services.

“The project appeals to those seeking exclusivity with a touch of heritage and modern design,” said Sneha Mehta, a senior partner at Luxe Realty Advisors. “It reflects the current demand — minimal inventory, expansive living spaces, and absolute privacy.”

Investor Outlook: Sign of Strength in the High-End Segment

Tanya Dubash’s strategic property investment is also seen as a signal of confidence in Mumbai’s high-end residential market. Analysts believe such purchases are not only lifestyle-driven but also informed investment decisions.

“Properties in super-luxury towers like Naman Xana tend to appreciate steadily, given the limited supply and location premium,” said Rohan Shah, a private wealth consultant. “For family offices, these are often hybrid assets — part luxury lifestyle investment, part asset class diversification.”

With India's HNI population expected to grow by over 75% by 2030, according to Bain & Company, demand for ultra-luxury real estate is projected to outpace supply in key urban centres.

About Tanya Dubash

Tanya Dubash, the eldest daughter of industrialist Adi Godrej, is known for her leadership in brand strategy at Godrej Group. She played a pivotal role in reshaping the conglomerate’s brand identity with the “Brighter Living” positioning. Outside her corporate engagements, Dubash is also known for her involvement in philanthropy and art.

Her recent real estate acquisition further cements the Godrej family’s visible presence in India’s premium residential segment, even as their business empire continues to evolve across sectors like FMCG, real estate, chemicals, and agribusiness.

This ₹226 crore purchase not only represents one of the most expensive real estate transactions in recent memory but also underscores the ongoing confidence of India’s business elites in tangible, luxury assets. As Mumbai’s skyline continues to evolve, such headline-grabbing acquisitions are shaping new benchmarks for opulence and exclusivity.