Who Is Leena Tewari, the Woman Behind the Rs 700 Crore Flat Purchase?

Mumbai, 30th May 2025: Leena Tewari, Chairperson of USV Pharmaceuticals, has made headlines with a jaw-dropping property deal in Mumbai. She recently purchased two luxurious sea-facing duplex apartments in Mumbai’s upscale Worli area for a staggering ₹639 crore. What’s more remarkable is that she also paid ₹63.9 crore in stamp duty and GST, bringing the total transaction value to approximately ₹703 crore.

According to media reports, this property deal has set a new benchmark in India’s real estate market. The flats were purchased at a rate exceeding ₹2.83 lakh per square foot (based on carpet area), making it one of the most expensive flat purchases in the country’s history. To put it into perspective, the combined cost of these two apartments surpasses the value of an entire housing society in many Indian cities.

One of India’s Wealthiest Women

Leena Tewari is sixth among India’s richest women on Forbes’ list with an estimated net worth of $3.9 billion (around ₹33,000 crore). Despite her immense wealth, Tewari maintains a low profile and avoids the spotlight of the corporate world. She is also recognized as one of the country’s top philanthropists. In 2021 alone, she donated ₹24 crore to the healthcare sector.

Leena leads USV, a pharmaceutical company originally founded in 1961 by her late father, Vithal Gandhi, in partnership with Revlon. USV has a deep footprint in India’s pharma industry and registered revenue of ₹4,840 crore in FY24. The company is known for widely-used medications such as Glycomet (for diabetes), Ecosprin (a blood thinner), and Rozavel (for cholesterol management).