Raheja Universal Regains Kalina Office Property from HDFC for ₹211 Crore
Real estate developer Raheja Universal Pvt. Ltd. has repurchased the Raheja Center Point office property in Kalina from HDFC Bank for ₹211 crore, reversing a previous sale.
Raheja UniversalHdfc BankKalinaRaheja Center PointReal EstateReal Estate NewsSep 15, 2025
The transaction, formalised on September 9, 2025, involves Raheja Center Point, a commercial project located at Kalina. 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 strategic move could signal a shift in the company's investment and asset management strategies, potentially aligning with broader market trends and economic forecasts.
Raheja Universal, known for its diverse portfolio in residential, commercial, and retail real estate, has been actively involved in various high-profile projects across Mumbai and other major cities. The company's decision to repurchase this prime office property underscores its commitment to maintaining a strong presence in key commercial areas and capitalizing on the growing demand for quality office spaces in Mumbai.
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Frequently Asked Questions
What is the total built-up area of Raheja Center Point?
The total built-up area of Raheja Center Point is 49,359 sq. ft. (4,585.68 sq. mtr.).
When was the transaction formalised?
The transaction was formalised on September 9, 2025.
How much stamp duty did Raheja Universal pay for the deal?
Raheja Universal paid Rs 12.66 crore in stamp duty for the deal.
What were the details of the earlier sale to HDFC?
In December 2019 and March 2020, Raheja Universal sold parts of the 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.
What does this buyback signify for Raheja Universal?
This buyback signifies a strategic move by Raheja Universal to regain full ownership of the prime office property, potentially aligning with broader market trends and economic forecasts.
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