Mumbai’s upscale real estate market has once again captured attention with a record-setting transaction at the coveted Worli Sea Face, where a premium duplex apartment has been sold for a staggering ₹225.76 crore. The high-rise residence, part of the under-construction luxury project Naman Xana, marks one of the most significant residential deals in the city’s recent history.
The deal was finalised through a private real estate entity and involves a duplex spanning the 30th and 31st floors of the tower, scheduled for completion in 2027. With a total built-up area of 11,485 square feet—including a 1,227 sq ft sea-facing balcony—the apartment boasts a carpet area of 9,214 sq ft and comes with six dedicated car parking slots. The effective price works out to ₹2.45 lakh per sq ft on carpet area and ₹1.97 lakh per sq ft on built-up area, establishing a new benchmark for luxury homes in South Mumbai.
Stamp duty amounting to ₹13.55 crore was paid, and the transaction was registered on 26 May. The buyer, operating through Shaula Real Estates Pvt Ltd, joins a rising wave of ultra-high-net-worth individuals securing exclusive residences in prime coastal locations.This transaction, while exceptional in value, is part of a broader trend reshaping Mumbai’s luxury property segment. Just days after this deal, another major sale occurred in the same project, where a business leader acquired two duplex units for a cumulative ₹639 crore—at an unprecedented ₹2.83 lakh per sq ft, based on RERA carpet area.
Real estate analysts view these acquisitions as a signal of enduring confidence among the financial elite in Mumbai’s long-term property appreciation. Demand for expansive, high-specification homes has surged post-pandemic, with affluent buyers prioritising space, privacy, natural views, and wellness-oriented living. Sea-facing balconies, exclusive access points, and modern amenities have become defining factors in these transactions.Worli, with its strategic coastal location and proximity to the city’s commercial and cultural hubs, has emerged as a key micro-market for such luxury developments. Projects like Naman Xana offer not only architectural sophistication but also align with emerging expectations of urban luxury—balancing aesthetics, privacy, and lifestyle convenience.
Industry insiders suggest that this appetite for high-value housing could steer future developments toward more environmentally conscious and sustainable models. With public focus intensifying on equitable access and green urban design, there is a growing call for premium projects to integrate eco-sensitive features while maintaining exclusivity.
As Mumbai continues to evolve into a city of vertical growth and polarising real estate stories, deals like this shine a light on the widening gulf between aspiration and accessibility. Yet they also reflect a dynamic and maturing market where real estate is both a financial asset and a lifestyle statement.
Also Read : Navi Mumbai Enforces Audits for Ageing Buildings
