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Raheja Universal Reclaims Corporate Headquarters for Rs 211 Crore

Published: September 15, 2025 | Category: Real Estate Mumbai
Raheja Universal Reclaims Corporate Headquarters for Rs 211 Crore

Realty developer Raheja Universal has re-acquired its corporate headquarters, Raheja Centre-Point, located on CST Road near Mumbai's business district, the Bandra-Kurla Complex, for Rs 211 crore. The five-storey commercial building, originally developed by Raheja Universal in 2004, housed the company’s headquarters for 16 years before being sold to HDFC, which has since merged with HDFC Bank, in 2020. The sale at that time was part of a wider portfolio realignment strategy.

The asset has now returned to Raheja Universal through a successful bid in a sale process initiated by HDFC Bank. The latest agreement was registered on 9th September 2025, with stamp duty of Rs 12.66 crore paid, as stated by the developer.

This move aligns with a broader trend in the real estate market, where developers are increasingly focusing on increasing their exposure to income-generating office assets. Despite the residential sector continuing to dominate new launches, the commercial real estate market is showing signs of robust growth and stability. For Raheja Universal, the buyback not only consolidates its portfolio but also re-establishes a key corporate address in a prime location.

The Bandra-Kurla Complex (BKC) is a significant commercial hub in Mumbai, known for its high concentration of corporate offices, financial institutions, and business centers. CST Road, being a major arterial road, further enhances the strategic value of the property. The re-acquisition of Raheja Centre-Point underscores the company's commitment to maintaining a strong presence in one of Mumbai's most vibrant business districts.

Raheja Universal's decision to buy back its former headquarters is a strategic move that reflects the company's confidence in the commercial real estate market. This move is expected to boost the company's financial performance by generating steady rental income and enhancing its corporate image. The property's prime location and well-established infrastructure make it an attractive asset for both current and potential tenants.

In the current real estate landscape, developers are increasingly focusing on assets that offer long-term financial stability and growth potential. The re-acquisition of Raheja Centre-Point by Raheja Universal is a testament to this trend and highlights the company's proactive approach to portfolio management and strategic investment.

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Frequently Asked Questions

1. Why did Rahej
Universal sell its headquarters in 2020? A: Raheja Universal sold its headquarters in 2020 as part of a wider portfolio realignment strategy, which aimed to optimize its asset base and focus on other strategic investments.
2. What is the significance of the Bandra-Kurl
Complex for commercial real estate? A: The Bandra-Kurla Complex (BKC) is a significant commercial hub in Mumbai, known for its high concentration of corporate offices, financial institutions, and business centers, making it a prime location for commercial real estate.
3. How much was the stamp duty paid for the re-acquisition of Rahej
Centre-Point? A: The stamp duty paid for the re-acquisition of Raheja Centre-Point was Rs 12.66 crore.
4. What is the current trend in the real estate market regarding office assets?
The current trend in the real estate market is a growing focus on income-generating office assets, as developers seek to diversify their portfolios and capitalize on the stability and growth potential of commercial real estate.
5. What are the benefits of Rahej
Universal re-acquiring its former headquarters? A: The re-acquisition of its former headquarters by Raheja Universal consolidates its portfolio, re-establishes a key corporate address in a prime location, and is expected to generate steady rental income, enhancing the company's financial performance and corporate image.