Raheja Universal buys back commercial office building in Mumbai's Kalina area from HDFC at ₹211 crore

Raheja Universal has repurchased Raheja Centre Point, a prime commercial office building in Mumbai's Kalina area, from HDFC Bank for ₹211 crore

Updated on: Sep 16, 2025, 08:38:33 IST

By Mehul R Thakkar

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Mumbai-based real estate developer Raheja Universal Pvt Ltd has bought back a commercial office building in Mumbai’s Kalina area from HDFC Bank Ltd for ₹211 crore, according to property registration documents reviewed by Propstack.

Mumbai real estate update: Raheja Universal Pvt Ltd has bought back a commercial office building in Mumbai’s Kalina area from HDFC Bank Ltd for ₹211 crore. (Picture for representational purposes only) (Pexels)

The property, Raheja Centre Point, has a built-up area of 49,359 sq ft on a 2,464 sq m plot, the registration documents showed.

The building was earlier sold to HDFC Ltd (now HDFC Bank Ltd) through two transactions in December 2019 and March 2020 for a total of ₹167 crore as part of a portfolio realignment, the documents showed.

However, the company purchased back the same property for ₹211 crore for which a transaction was registered on September 9, 2025.

A stamp duty of ₹12.66 crore and registration fees of ₹30,000 was paid for the transaction.

Also Read: Mumbai top real estate deal: RBI picks up Nariman Point land parcel for ₹3,472 crore from MMRCL

According to the property registration documents, the asset includes two basements, ground floor, first to fifth floors, and terrace space.

Meanwhile, an email query sent to Raheja Universal Private Ltd and HDFC Bank did not get any response. The story will be updated if a response is received.

According to a source from HDFC Bank, Raheja Universal purchased the land by participating in a tender process.

Also Read: HDFC Bank leases 2.72 lakh sq ft commercial space in Mumbai's Andheri for an annual rent of over ₹77 crore

All about the location of the building

The commercial office building is located near India's costliest commercial business district (CBD), Bandra Kurla Complex (BKC), that is home to several Grade A commercial offices and several government offices.

Also Read: Mumbai real estate: Rishabraj Developers acquires 3.84 acres of land in Borivali for ₹539 crore

To name a few, BKC is home to office spaces for 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 sprawling campus inside BKC.

ABOUT THE AUTHOR
Mehul R Thakkar
Mehul R Thakkar is a Mumbai-based journalist who closely tracks the city’s ever-evolving real estate landscape. He believes that Mumbai presents a unique reality that, while Mumbaikars deeply aspire to own a home in the city of dreams, many spend little actual time living in it due to long commutes and demanding work lives. With over 11 years of experience in journalism, I have reported across a wide spectrum of beats, including real estate, housing, infrastructure, aviation, and education. I have also extensively covered the workings of India’s wealthiest civic body, the Brihanmumbai Municipal Corporation (BMC), providing insight into the policy, governance, and urban planning decisions that directly influence Mumbai’s growth. Before joining Hindustan Times, I worked in fast-paced digital and print newsrooms, including Moneycontrol.com and Deccan Chronicle, as well as national dailies such as The Asian Age and DNA. Outside the newsroom, I am an avid weather tracker, a fan of spy thrillers in both books and films, and a keen follower of international affairs.Read More

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