{"id":3176,"date":"2023-05-22T10:19:00","date_gmt":"2023-05-22T04:49:00","guid":{"rendered":"https:\/\/www.crematrix.com\/blog\/?p=3176"},"modified":"2026-05-20T11:25:53","modified_gmt":"2026-05-20T05:55:53","slug":"titan-company-acquires-commercial-space-in-mumbais-borivali-for-%e2%82%b9100-crore","status":"publish","type":"post","link":"https:\/\/www.crematrix.com\/blog\/titan-company-acquires-commercial-space-in-mumbais-borivali-for-%e2%82%b9100-crore\/","title":{"rendered":"Titan Company Seals \u20b9100 Crore Commercial Deal in Mumbai\u2019s Borivali Suburb"},"content":{"rendered":"\n

Mumbai\u2019s premium retail real estate market continues to attract major corporate occupiers as leading brands increasingly invest in ownership-led expansion strategies. According to property registration documents accessed through CRE Matrix<\/a>, Titan Company has acquired commercial space worth \u20b9100 crore in Borivali, Mumbai.<\/p>\n\n\n\n

Deal Details<\/strong><\/h2>\n\n\n\n

The transaction involves commercial premises spread across three levels of the Vini Elegance project in Borivali. The total acquired carpet area stands at 16,280 sq ft, including approximately 5,829 sq ft on the ground floor, 6,326 sq ft on the first floor, and 4,127 sq ft in the upper basement.<\/p>\n\n\n\n

The deal also includes 18 exclusive car parking slots. Titan Company was already operating its jewellery brand Tanishq from the same premises prior to the acquisition.<\/p>\n\n\n\n

As part of the transaction structure, the company cleared outstanding dues of nearly \u20b937.32 crore linked to a lease rental discounting facility availed by the seller from Axis Bank in 2021. The amount was adjusted against the seller\u2019s consideration value. Titan Company also paid nearly \u20b96 crore in stamp duty for the registration of the deal.<\/p>\n\n\n\n

Titan Company Borivali Commercial Property Deal Highlights Retail Expansion Strategy<\/strong><\/h2>\n\n\n\n

The acquisition reflects the growing preference among large retail brands to secure ownership of high-performing retail locations in dense suburban markets. Borivali continues to emerge as one of Mumbai\u2019s strongest retail and consumption hubs due to strong residential density, connectivity, and rising purchasing power.<\/p>\n\n\n\n

The deal also comes amid strong business growth for Titan Company. For the quarter ended March, the company reported a 40% year-on-year rise in consolidated net profit at \u20b9736 crore, while total income increased 26% to \u20b99,419 crore.<\/p>\n\n\n\n

The jewellery business remained the company\u2019s largest revenue contributor with total income of \u20b97,576 crore, registering 24% annual growth. During FY 2022-23, Titan added 97 jewellery stores, taking its total jewellery network to 541 stores across 253 cities, including international locations.<\/p>\n\n\n\n

The Borivali acquisition further strengthens Titan Company\u2019s long-term retail presence in Mumbai while underlining continued demand for premium commercial assets in key suburban markets.<\/p>\n\n\n\n

Elevate your decisions in real estate as a developer or broker with CRE Matrix\u2018s data-driven insights. Book a demo now<\/a>!\u00a0<\/p>\n\n\n\n

Media Mentions<\/strong><\/h2>\n\n\n\n