Raheja Universal Reacquires Commercial Office Building in Mumbai's Kalina for ₹211 Crore
Mumbai-based real estate developer Raheja Universal Pvt Ltd has reacquired a commercial office building in Kalina, Mumbai, from HDFC Bank for ₹211 crore. The property, known as Raheja Centre Point, was initially sold to HDFC in 2019-2020 for ₹167 crore.
Real EstateCommercial PropertyMumbaiRaheja UniversalHdfc BankReal EstateSep 16, 2025
The property, known as Raheja Centre Point, has a built-up area of 49,359 square feet on a 2,464 square meter plot, the registration documents showed. The building was initially sold to HDFC Ltd (now HDFC Bank Ltd) through two transactions in December 2019 and March 2020 for a total of ₹167 crore as part of a portfolio realignment.
However, the company purchased back the same property for ₹211 crore, with the transaction registered on September 9, 2025. A stamp duty of ₹12.66 crore and registration fees of ₹30,000 were paid for the transaction.
The asset includes two basements, ground floor, first to fifth floors, and terrace space, according to the property registration documents. An email query sent to Raheja Universal Private Ltd and HDFC Bank did not elicit any response, and the story will be updated if a response is received.
The commercial office building is located near India's costliest commercial business district (CBD), the Bandra Kurla Complex (BKC). BKC is home to several Grade A commercial offices and government offices. Notable tenants include Jio, Apple, Netflix, Facebook, Amazon, the National Stock Exchange, Standard Chartered Bank, WeWork, CISCO, Pfizer, Spotify, and Blackstone. The complex also houses government institutions such as GST, the Reserve Bank of India, the Income Tax Department, and the Family Court. The US Consulate also has a sprawling campus inside BKC.
This strategic location in Kalina, close to BKC, makes the property a valuable asset in the Mumbai real estate market. The reacquisition by Raheja Universal underscores the company's commitment to strengthening its portfolio in key commercial areas of the city.
Frequently Asked Questions
What is the name of the commercial office building reacquired by Raheja Universal?
The commercial office building reacquired by Raheja Universal is known as Raheja Centre Point.
How much did Raheja Universal pay to reacquire the property?
Raheja Universal paid ₹211 crore to reacquire the property.
When was the property initially sold to HDFC Bank?
The property was initially sold to HDFC Bank through two transactions in December 2019 and March 2020 for a total of ₹167 crore.
What is the built-up area of the Raheja Centre Point?
The built-up area of Raheja Centre Point is 49,359 square feet on a 2,464 square meter plot.
What significant location is the property near?
The property is located near the Bandra Kurla Complex (BKC), which is one of India's costliest commercial business districts.
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