Raheja Universal Reacquires Mumbai’s Kalina Commercial Building from HDFC for ₹211 Crore
Mumbai-based real estate developer Raheja Universal Pvt Ltd has reacquired a commercial office building in Kalina, Mumbai, from HDFC Bank Ltd for ₹211 crore, marking a strategic move in the city's bustling real estate market.
MumbaiReal EstateRaheja UniversalHdfc BankCommercial PropertyReal Estate MumbaiSep 16, 2025
The property, known as Raheja Centre Point, has a built-up area of 49,359 sq ft on a 2,464 sq m plot, as indicated in the registration documents. This 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 has now 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, making it a comprehensive commercial property.
The commercial office building is located near India's costliest commercial business district (CBD), Bandra Kurla Complex (BKC). BKC is home to several Grade A commercial offices and several government offices. Notable occupants include Jio, Apple, Netflix, Facebook, Amazon, the National Stock Exchange, Standard Chartered Bank, WeWork, CISCO, Pfizer, Spotify, and Blackstone. BKC also houses government institutions like GST, the Reserve Bank of India, the Income Tax Department, and the Family Court. The US Consulate also has a sprawling campus inside BKC.
Raheja Universal’s decision to reacquire this property reflects the strategic importance of the Kalina area and its proximity to BKC, a hub of commercial activity in Mumbai. The reacquisition is likely to bolster Raheja Universal's portfolio and strengthen its position in the Mumbai real estate market.
An email query sent to Raheja Universal Private Ltd and HDFC Bank did not receive a response. The story will be updated if a response is received.
Frequently Asked Questions
What is the significance of the Kalina area for commercial real estate?
The Kalina area in Mumbai is significant for commercial real estate due to its proximity to the Bandra Kurla Complex (BKC), one of India's costliest commercial business districts. This location is home to several Grade A commercial offices and government institutions, making it a prime area for business and investment.
What was the initial sale price of Raheja Centre Point to HDFC Bank?
Raheja Centre Point was initially sold to HDFC Bank Ltd through two transactions in December 2019 and March 2020 for a total of ₹167 crore.
What is the built-up area of Raheja Centre Point?
Raheja Centre Point has a built-up area of 49,359 sq ft on a 2,464 sq m plot.
Why did Raheja Universal reacquire the property?
Raheja Universal’s decision to reacquire the property likely reflects the strategic importance of the Kalina area and its proximity to BKC, a hub of commercial activity in Mumbai. The reacquisition is expected to bolster Raheja Universal's portfolio and strengthen its position in the Mumbai real estate market.
What are the notable occupants of the Bandra Kurla Complex (BKC)?
Notable occupants of the Bandra Kurla Complex (BKC) include Jio, Apple, Netflix, Facebook, Amazon, the National Stock Exchange, Standard Chartered Bank, WeWork, CISCO, Pfizer, Spotify, and Blackstone. BKC also houses government institutions like GST, the Reserve Bank of India, the Income Tax Department, and the Family Court.
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