MUMBAI: Radhi Girish Navani, wife of Girish Navani, co-founder and CEO of eClinicalWorks, has purchased a luxury sea-view apartment in Mumbai for ₹162.2 crore, approximately ₹2.5 lakh per square foot, marking it as one of the nation’s priciest residential transactions.
The apartment features a RERA carpet area of 6,458 sq ft, which includes a 645 sq ft balcony, and grants the buyer access to four exclusive car parking spaces.
The transaction benefited from a 1% stamp duty discount offered to women homebuyers under Maharashtra regulations, with the stamp duty paid totaling ₹8.11 crore for the registration.
Located on the 18th floor of Naman Xana in Worli, the apartment was purchased from Carp Estate and Shree Naman Residency, with the registration completed on July 3, per documents retrieved from Zapkey.com, a real estate analytics platform.
This acquisition adds to the growing list of luxury home transactions in Mumbai’s Worli locality, known for its prestigious market. Previously, properties in this tower have sold for nearly ₹3 lakh per square foot, indicating a strong demand for high-end residences despite high prices.
RealtyDailyNews’s email inquiry to Navani’s eClinicalWorks went unanswered, and Shree Naman opted not to comment.
Luxury home sales in Mumbai have demonstrated resilience, primarily driven by entrepreneurs, executives, and family offices seeking premium homes in sought-after locales. Aside from Worli, areas like Malabar Hill, Altamount Road, and certain parts of Bandra West also contribute to high-value residential deals due to limited availability and strong demand for ocean-facing properties.
Experts indicate that the ultra-luxury housing segment has remained relatively unaffected by interest rate fluctuations, with most purchases funded through personal savings rather than loans. Developers are increasingly targeting the premium and luxury markets, spurred by robust demand and higher profit margins.
Navani’s eClinicalWorks is a global provider of electronic health records and practice management software. This latest acquisition reflects the ongoing interest among affluent buyers for high-end residential properties in Mumbai, where demand for luxury accommodations continues to thrive despite record prices.
