Raheja Universal Reclaims Commercial Office Building in Mumbai's Kalina from HDFC Bank
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.
Real EstateCommercial PropertyMumbaiHdfc BankRaheja UniversalReal Estate NewsSep 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, 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.
Frequently Asked Questions
What is the significance of the Bandra Kurla Complex (BKC) in Mumbai's real estate market?
The Bandra Kurla Complex (BKC) is one of the most valuable commercial business districts in Mumbai, housing several Grade A commercial offices and government institutions. Its strategic location and high demand make it a prime area for real estate investments.
Why did Raheja Universal decide to buy back the property from HDFC Bank?
Raheja Universal's decision to buy back the property reflects their confidence in the real estate market and their long-term investment strategy. The strategic location of the property near BKC makes it a valuable asset with high potential for growth.
What is the built-up area of the Raheja Centre Point?
The Raheja Centre Point has a built-up area of 49,359 square feet on a 2,464 square meter plot. It includes two basements, ground floor, first to fifth floors, and terrace space.
How much did Raheja Universal pay to buy back the property from HDFC Bank?
Raheja Universal paid ₹211 crore to buy back the property from HDFC Bank, with a stamp duty of ₹12.66 crore and registration fees of ₹30,000.
What other notable companies and institutions are located in the Bandra Kurla Complex (BKC)?
The Bandra Kurla Complex (BKC) is home to several major companies such as Jio, Apple, Netflix, Facebook, Amazon, the National Stock Exchange, Standard Chartered Bank, WeWork, CISCO, Pfizer, Spotify, and Blackstone. It also houses government institutions like GST, the Reserve Bank of India, the Income Tax Department, and the Family Court.
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