Shaula Real Estates Pvt Ltd, a recently incorporated private real estate firm co-directed by Tanya Arvind Dubash, eldest daughter of Godrej Industries Chairman Adi Godrej, has purchased a luxury duplex apartment in Mumbai’s prestigious Naman Xana project for Rs 225.76 crore. The transaction, completed in May 2025, marks one of the highest-value residential sales in the city, reflecting a robust resurgence of high-end real estate activity post-pandemic. The expansive duplex spans over 11,400 square feet, underscoring continued demand for premium housing among India’s industrial elite.
Shaula Real Estates’ Landmark Purchase in Worli
Shaula Real Estates Pvt Ltd, established in Mumbai on March 26, 2025, has made headlines with its acquisition of an opulent duplex apartment at the Naman Xana luxury residential development in Worli. The company is co-directed by Tanya Arvind Dubash, the eldest daughter of veteran industrialist Adi Godrej, alongside Clement George Pinto.
According to real estate consultancy Square Yards, which has reviewed the property registration documents, the deal was finalized in May 2025 for a staggering Rs 225.76 crore. The firm purchased the unit directly from developers Naman Residency Pvt Ltd and Karp Estate Pvt Ltd in a primary sale.
Details of the Duplex and Project Specifications
The acquired apartment boasts a carpet area of 9,214 square feet, complemented by a balcony measuring 1,227 square feet. The total built-up area is approximately 11,485 square feet, underscoring the property’s vast scale and luxury.
Square Yards’ analysis places the effective rate at around Rs 2.45 lakh per square foot based on carpet area, while the rate on the built-up area is approximately Rs 1.97 lakh per square foot. These figures position the property among Mumbai’s most expensive residential real estate transactions.
The Naman Xana project itself spans 0.64 acres and remains under construction, with a scheduled completion date in 2027, as per RERA guidelines. The development is touted as one of the city’s premier luxury housing projects, catering to a discerning clientele seeking exclusivity and modern amenities.
Real Estate Market Context: Post-Pandemic Resurgence
The purchase exemplifies the continuing momentum in India’s luxury real estate segment following the COVID-19 pandemic. High-net-worth individuals, including industrialists and celebrities, have increasingly pursued marquee residential properties, signaling confidence in the long-term growth prospects of the market.
While Godrej Industries has not publicly commented on this specific transaction, the deal highlights the strategic investments by prominent business families into prime real estate assets as part of portfolio diversification.
Conclusion: Strategic Acquisition Reflecting Luxury Market Strength
Shaula Real Estates’ acquisition of the Rs 226 crore duplex at Naman Xana is emblematic of a broader trend of high-value real estate investments by India’s elite. The deal underscores Mumbai’s status as a hub for premium housing and reflects the increasing appetite for expansive, well-located luxury residences.
As the city’s luxury property market continues to recover and evolve, such landmark transactions will remain pivotal in shaping the landscape of urban residential real estate in India.
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