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Shaula Real Estates Private Limited has purchased a duplex apartment in the Naman Xana project located in Worli, Mumbai, for Rs. 225.76 crore, as per property registration documents reviewed by Square Yards on the website of the Inspector General of Registration (IGR) Maharashtra (https://igrmaharashtra.gov.in). The transaction was registered in May 2025.

Worli is a centrally located area in Mumbai, positioned between major commercial zones such as Lower Parel, Nariman Point, and Bandra-Kurla Complex (BKC). The locality is characterised by limited land supply, consistently high capital values, and sustained interest from HNIs and corporate buyers. Infrastructure projects like the Mumbai Coastal Road and the metro network expansion are expected to improve accessibility and support long-term demand. Its location, upcoming infrastructure, and availability of premium sea-view residences continue to reinforce Worli’s position as a high-value real estate micro-market.

The purchased property is part of Naman Xana, an under-construction luxury residential project by Shree Naman Group. As per RERA, the project is spread over 0.64 acres and is scheduled for completion by 2027.

According to the IGR documents reviewed by Square Yards, the transaction was a primary sale and the apartment was purchased from Naman Residency Private Limited and Karp Estate Private Limited. The duplex unit has a carpet area of 856 sq. m. (~9,214 sq. ft.) and a balcony of 114 sq. m. (1,227 sq. ft.). The total built-up area of the apartment is 1,067 sq. m. (~11,485 sq. ft.). The apartment includes six car parking spaces. The deal incurred a stamp duty of Rs. 13.55 crore and registration charges of Rs. 30,000.

Based on the total transaction value of Rs. 225.76 crore, the per sq. ft. rate works out to approximately Rs. 2.45 lakh on the carpet area of 856 sq. m. (~9,214 sq. ft.). On the same total property value, the rate comes to around Rs. 1.97 lakh per sq. ft. on the total built-up area of 1,067 sq. m. (~11,485 sq. ft.).

Shaula Real Estates Private Limited is an Indian non-government private company incorporated on 26 March 2025 and is based in Mumbai. The company is involved in real estate activities.

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