Godrej Seeds and Genetics Limited Buys Three Office Units in Mumbai's Vikhroli for ₹365 Crore
Mumbai, March 25: Godrej Seeds and Genetics Limited has acquired three office units in Mumbai's Vikhroli area for ₹365 crore, according to property registration documents accessed by Propstack. The transaction represents a significant internal transfer within the Godrej group, with the commercial spaces being purchased from Godrej Industries Limited, a larger group entity.
The three office units are located in Godrej One, a commercial building situated on the Eastern Express Highway (EEH) in Vikhroli. The units occupy the 6th, 7th, and 8th floors of the building, together comprising a total carpet area of 70,361 sq ft. The purchase was made at a per square foot price of ₹52,000.
Transaction Details
The three transactions were registered on March 6, 2026, and included a total of 109 car parking spaces as part of the deal. The registration attracted a stamp duty of over ₹21 crore and a registration fee of ₹90,000.
This transaction follows a pattern of strategic internal asset transfers within the Godrej group, allowing for optimized utilization of commercial real estate across group entities.
Similar Internal Transactions Within the Godrej Group
The Vikhroli office acquisition is not the first notable internal real estate transaction within the Godrej group. In 2025, Pirojsha Adi Godrej, Chairperson of Godrej Properties, along with his cousin Freyan Crishna Bieri, purchased four apartments in Godrej Carmichael, a project developed by their own company, at a record price of ₹1.78 lakh per square foot.
That transaction saw Godrej purchase the flats through Ceres Developers, a company of which he is a director alongside Clement George Pinto, the Chief Financial Officer of Godrej Industries. The project is located off Peddar Road, behind Jindal Mansion, in one of Mumbai's most premium residential micro-markets.
Mumbai's Luxury Real Estate Context
The Vikhroli office transaction adds to a growing list of significant real estate deals in Mumbai, both residential and commercial. The city continues to witness high-value transactions across asset classes, driven by strong demand for quality commercial spaces and luxury residences.
In the residential segment, the most expensive purchase in Mumbai remains that of banker Uday Kotak, who acquired the Shiv Sagar building on Worli Sea Face for ₹2.72 lakh per square foot in February 2025.
More recently, a penthouse in Goregaon's Oberoi Elysian was sold for ₹55 crore at a per square foot price of ₹64,822, marking one of the highest rates recorded in the western suburbs.
Godrej One: A Prime Commercial Asset
Godrej One, the building housing the acquired office units, is a landmark commercial development in Vikhroli. Located along the Eastern Express Highway, the building offers excellent connectivity to key business districts and transportation hubs in Mumbai. The building is part of the larger Godrej campus in Vikhroli, a prime location that has been developed by the group over several decades.
Outlook
The ₹365 crore acquisition by Godrej Seeds and Genetics Limited underscores the continued strength of Mumbai's commercial real estate market. Internal group transactions such as this also highlight the strategic realignment of assets within large corporate groups to optimize operational efficiency and asset utilization.
An email query was sent to Godrej Seeds and Genetics Ltd and Godrej Industries Limited regarding the transaction. The story will be updated if a response is received.