Mumbai-based real estate developer Raheja Universal Pvt Ltd has repurchased its commercial office asset, Raheja Centre Point in Kalina, from HDFC Bank Ltd for ₹211 crore, according to property registration documents accessed by Propstack.

The 49,359 sq ft building, located on a 2,464 sq m plot, lies in close proximity to the Bandra Kurla Complex (BKC), one of India’s most expensive commercial business districts.

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.

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

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

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.

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.