Several of HUL’s residential properties in prime Mumbai markets, such as, Juhu and Santacruz have been put on the block, with HUL putting Property Consultants - Cushman and Wakefield in charge of selling them.



As for its Bangalore properties, HUL is deliberating over whether to enter into a joint development venture with property developers, or sell all 30-acres of its Bangalore property in Brookefields. To that end, HUL has been in touch with various real estate consultants, negotiating the finalisation of a sale strategy.

Over the past one year, property prices in Mumbai and Bangalore have witness an over 50% climb, so that residential property in Juhu and Santacruz areas ranges between Rs. 14,000-per sq. ft. and Rs. 20,000 per sq. ft. ChurchGate area in South Mumbai, housing the company’s headquarters and with a carpet area of about 70,000 sq. ft., will fetch a hefty premium over the prevailing commercial rate of Rs. 25,000 – 30,000 per sq. ft. Not only is it a landmark structure, the building also offers parking and garage space. On the other hand, its 30-acre Brookefields property is likely to be valued anywhere between Rs. 3,000 – 4,000 per sq. ft.

According to sources, several top corporates have already set their eyes on the marquee south Mumbai headquarters and HUL’s food division headquarter in Brookefields, Bangalore.