Intra-group acquisition highlights Vikhroli’s rise as Mumbai’s eastern business hub.

Godrej Group Consolidates Office Assets with ₹366 Cr Vikhroli Deal.

Godrej Seeds and Genetics Ltd, the agri-business arm of Godrej Industries, has acquired three floors of premium office space at Godrej One in Vikhroli for a total consideration of ₹366 crore. The transaction, completed on March 6 through three separate sale deeds, covers a combined carpet area of 70,361 sq ft at an effective rate of about ₹52,000 per sq ft, as per data accessed from Propstack.. This intra-group real estate consolidation reflects a growing corporate strategy focused on long-term cost optimisation and operational efficiency through ownership rather than leasing. Godrej One, the headquarters of the diversified Godrej Group, is a prominent Grade A office development in Mumbai’s eastern corridor. The deal also reinforces Vikhroli’s emergence—along with Powai and Kanjurmarg—as a key office destination, supported by improved connectivity and large integrated developments, even as leasing continues to dominate Mumbai’s overall office absorption.