Raheja Universal Reclaims Commercial Office Building in Mumbai's Kalina from HDFC Bank

Mumbai-based real estate developer Raheja Universal Pvt Ltd has bought back a commercial office building in Mumbai’s Kalina area from HDFC Bank Ltd for ₹211 crore, according to property registration documents reviewed by Propstack.

The property, known as Raheja Centre Point, has a built-up area of 49,359 square feet on a 2,464 square meter plot, as shown in the registration documents. The building was initially sold to HDFC Ltd (now HDFC Bank Ltd) in two transactions in December 2019 and March 2020 for a total of ₹167 crore as part of a portfolio realignment.

However, the company repurchased 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 deal.

According to the property registration documents, the asset includes two basements, ground floor, first to fifth floors, and terrace space. An email query sent to Raheja Universal Private Ltd and HDFC Bank did not receive a response, but the story will be updated if a response is received.

A source from HDFC Bank confirmed that Raheja Universal purchased the land by participating in a tender process. The commercial office building is strategically located near India's costliest commercial business district (CBD), the Bandra Kurla Complex (BKC), which is home to several Grade A commercial offices and government offices.

To name a few, BKC hosts office spaces for major companies such as 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 significant presence inside BKC.

This strategic location makes the Raheja Centre Point a valuable asset in the real estate market, reflecting the high demand and potential for commercial properties in the area. Raheja Universal's decision to buy back the property underscores the company's confidence in the market and its long-term investment strategy in Mumbai's prime commercial zones.