Windsor Realty Consolidates Ownership with Strategic Acquisitions in Mumbai's Santacruz
Mumbai: Real estate developer Windsor Realty has made a significant move by acquiring office properties spanning 42,340 sq ft carpet area in a commercial tower located in Mumbai’s Santacruz locality, near the Bandra-Kurla Complex. The total acquisition cost was Rs 283 crore, executed through a series of transactions aimed at consolidating ownership of the asset.
The acquisition involved the purchase of commercial units from corporate entities, including Prism Johnson Ltd and Windsor Realty's partner. These transactions have brought the entire asset under single ownership, streamlining control and management of the property.
Prism Johnson Ltd, a listed company, sold a property with a carpet area of 25,984 sq ft for nearly Rs 166 crore, marking the largest transaction in this series. Documents accessed through the realty data analytics platform Propstack confirmed this sale. Prism Johnson had secured its board of directors’ approval for the sale on December 18, as indicated in a regulatory intimation.
Property consultants view this consolidation as a strategic move to simplify the ownership structure of the commercial asset, which was previously held by multiple entities. Such consolidation is aimed at achieving a clearer title, operational efficiency, and greater flexibility for future decisions.
The stamp duty and registration documents show that the deals were executed through separate agreements on December 19. Despite ET’s email query to Windsor Realty, the company did not respond by the time of publication.
Mumbai’s commercial real estate market has witnessed a steady flow of large-ticket transactions over the past year, driven by the recovery in office leasing and sustained investor interest in income-generating assets. Industry experts anticipate that consolidation-driven deals will continue, particularly for older assets held across multiple ownership structures.
Windsor Realty's strategic acquisitions in Santacruz underscore the company's commitment to expanding its portfolio and strengthening its presence in key commercial areas of Mumbai. This move is expected to enhance the company's market position and provide a solid foundation for future growth and development.
