Hindustan Times reported that 2025 was one of the strongest years on record for ultra-luxury homes in India: more than ₹7,100 crore across 51 marquee purchases. Of that, about ₹1,530 crore in Mumbai was tied to buyers from the pharmaceutical sector, according to Zapkey.
The largest single deal in the roundup was USV chairperson Leena Gandhi Tewari’s purchase of two sea-facing duplexes in Naman Xana, Worli, for nearly ₹739 crore. Other pharma-linked purchases the paper listed include the Zydus Family Trust at Oberoi Three Sixty West, Sarvesh Singh of Alkem Laboratories at Supreme ArtHouse on Carter Road, and Satish Kumar Singh and Premlata Singh’s ₹62.81 crore apartment in S Raheja’s Evergreen on Perry Road. A few further transactions in the same tally were flagged as not independently verified.
The pattern AJ Collective sees on the ground matches the piece: promoters in a strong sector are buying finished or near-finished homes in Worli and Bandra for their own use, not only as a trade.
