Raheja Universal Reclaims Kalina Office Property from HDFC for ₹211 Crore
Mumbai-based real estate developer Raheja Universal Pvt. Ltd. has repurchased a prime office property in Kalina from HDFC Bank Limited for ₹211 crore, marking a significant move in the Mumbai real estate market.
Raheja UniversalHdfc BankKalina PropertyReal EstateMumbaiReal Estate MumbaiSep 15, 2025
The property spans a built-up area of 49,359 sq. ft. (4,585.68 sq. mtr.) across two basements, ground floor, first to fifth floors, and a terrace, with a plot area of 2,464.50 sq. mtr. Raheja Universal paid Rs 12.66 crore in stamp duty for the deal.
This marks a reversal of an earlier transaction. In December 2019 and March 2020, Raheja Universal had sold parts of the same property to HDFC in two tranches for a combined Rs 167 crore. The first sale included the first, fourth, and fifth floors for Rs 97 crore, while the second covered the ground, second, and third floors for Rs 70 crore.
With the latest buyback, Raheja Universal has regained full ownership of the asset. This move underscores the company's strategic approach to asset management and its commitment to maintaining a strong portfolio in the Mumbai real estate market.
Raheja Universal, known for its diverse portfolio of residential and commercial projects, continues to navigate the dynamic real estate landscape with strategic acquisitions and disposals. The company's decision to repurchase Raheja Center Point highlights its confidence in the Kalina area's growth potential and the property's long-term value.
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Frequently Asked Questions
What is Raheja Center Point?
Raheja Center Point is a commercial property located in Kalina, Mumbai. It spans a built-up area of 49,359 sq. ft. across multiple floors and a terrace.
How much did Raheja Universal pay to repurchase the property?
Raheja Universal paid ₹211 crore to repurchase Raheja Center Point from HDFC Bank Limited, including Rs 12.66 crore in stamp duty.
When was the property initially sold to HDFC?
The property was initially sold to HDFC Bank in two tranches: in December 2019 and March 2020, for a combined Rs 167 crore.
What floors were included in the initial sale to HDFC?
The initial sale to HDFC included the first, fourth, and fifth floors in the first tranche for Rs 97 crore, and the ground, second, and third floors in the second tranche for Rs 70 crore.
Why did Raheja Universal repurchase the property?
Raheja Universal repurchased the property to regain full ownership and maintain a strong portfolio in the Mumbai real estate market, highlighting their confidence in the property's long-term value.
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