MUMBAI: Windsor Realty, a real estate developer, has acquired office spaces totaling 42,340 sq ft in a commercial tower in Santacruz, Mumbai, near the Bandra-Kurla Complex, for Rs 283 crore. This acquisition is part of a strategy to consolidate ownership of the asset.
The transaction included the purchase of commercial units from corporate entities, notably Prism Johnson Ltd, and from the developer’s business partner. This move centralizes ownership, enhancing property management and control.
Documents from the realty data platform Propstack indicate that Prism Johnson sold a significant portion of their property, totaling 25,984 sq ft, for approximately Rs 166 crore, making it the largest transaction in this series. The listed company received board approval for this sale on December 18, as per regulatory filings.
Real estate consultants view this consolidation as a strategic initiative to simplify the ownership structure of the commercial asset, which had previously been owned by multiple parties. Such consolidation aims to achieve clearer title, operational efficiency, and greater flexibility for future decisions.
According to stamp duty and registration records, the transactions were finalized through separate agreements on December 19.
As of press time, RealtyDailyNews’s email inquiry to Windsor Realty had not been responded to.
Mumbai’s commercial real estate sector has experienced a surge in high-value transactions over the past year, fueled by office leasing recovery and sustained interest in income-generating assets. Industry experts anticipate that consolidation-driven deals will persist, especially for older properties fragmented across various ownership structures.
