eClinicalWorks founder's family buys Worli luxury apartment at Rs 2.5 lakh per sq ft

MUMBAI: Radhi Girish Navani, wife of Girish Navani, co-founder and chief executive of healthcare technology company eClinicalWorks, has acquired a luxury sea-facing apartment in Mumbai for Rs 162.2 crore at around Rs 2.5 lakh sq ft making it one of the country’s costliest residential property transactions.

The residence has a RERA carpet area of 6,458 sq ft including a balcony spread over 645 sq ft. The buyer will also get exclusive access to four car parking spaces.

The transaction benefited from a 1% concession in stamp duty available to women homebuyers under Maharashtra government regulations. The buyer has paid stamp duty of Rs 8.11 crore for the registration of the deal.


The apartment is located on the 18th floor of Naman Xana in Worli and was acquired from Carp Estate and Shree Naman Residency. The transaction was registered on July 3, showed the documents accessed through Zapkey. com, a realty data analytics platform.

The transaction adds to a growing list of marquee luxury home deals in Mumbai’s Worli locality, one of the country’s most expensive residential markets. The micro-market has previously witnessed transactions at close to Rs 3 lakh per sq ft in this residential tower, underlining sustained demand for trophy homes despite elevated prices.

ET’s email query to Navani’s eClinicalWorks remained unanswered, while Shree Naman declined to comment for the story.

Luxury home sales in Mumbai have remained resilient, led by entrepreneurs, promoters, senior executives and family offices seeking premium residences in prime locations. Worli, along with Malabar Hill, Altamount Road, Carmichael Road and parts of Bandra West, continues to account for several of the city’s highest-value residential transactions due to limited supply and strong demand for sea-facing homes.

According to industry experts, the ultra-luxury housing segment has remained relatively insulated from interest rate movements, with most acquisitions funded through internal accruals rather than home loans. Developers, too, have increasingly sharpened their focus on the premium and luxury segments, encouraged by robust demand and stronger profitability.

Navani’s eClinicalWorks is a healthcare technology company that develops electronic health records and practice management software for healthcare providers globally. The latest acquisition underscores the continued appetite among affluent buyers for high-end residential assets in Mumbai, where luxury housing demand has remained buoyant despite record property prices.