A significant intra-group property transaction has come to light within the Godrej conglomerate. Godrej Seeds and Genetics Limited has acquired three office units in Mumbai's Vikhroli for ₹365 crore, purchasing the spaces from fellow Godrej group company Godrej Industries Ltd, according to property registration documents. The deal offers a rare window into how large conglomerates manage and consolidate real estate assets within their own ecosystem.

The three commercial spaces are located on the 6th, 7th, and 8th floors of Godrej One, a premium office building on the Eastern Express Highway in Vikhroli. Together, the units account for a total carpet area of 70,361 sq ft, translating to a per sq ft price of approximately ₹52,000, according to sources.

All three transactions were registered on March 6, 2026, along with 109 car parking spaces. The registration attracted a stamp duty of over ₹21 crore and a registration fee of ₹90,000.

This transaction is not the first time a property deal within the Godrej Group has drawn attention. In 2025, Pirojsha Adi Godrej, Chairperson of Godrej Properties, and his cousin Freyan Crishna Bieri purchased four apartments in Godrej Carmichael, one of his own company's projects, at a record price of ₹1.78 lakh per sq ft. The purchase was made through Ceres Developers, of which Pirojsha Adi Godrej is a director alongside Clement George Pinto, Godrej Industries' chief financial officer. The project is located off Peddar Road, behind Jindal Mansion.

For context, the most expensive purchase in Mumbai to date remains that of banker Uday Kotak, who acquired the Shiv Sagar building on Worli Sea Face for ₹2.72 lakh per sq ft in February 2025.

Godrej Seeds and Genetics' ₹365 crore acquisition of three floors in Godrej One adds to a growing list of high-value property transactions within the Godrej Group. At ₹52,000 per sq ft, the deal reflects both the premium valuation commanded by Vikhroli's established office market and the group's ongoing consolidation of its real estate footprint in Mumbai. For market watchers, intra-group transactions of this scale offer a useful barometer of how India's largest conglomerates are thinking about their physical infrastructure in a post-pandemic work environment.