In a significant real estate transaction, Kalpataru Ltd, one of India’s leading real estate developers, has sold a prime commercial office space near Mumbai to Bernhard Schulte Shipmanagement (BSM), a global maritime solutions company based in Germany. The deal, valued at around ₹304 crore, underscores the continued confidence of international companies in India’s growing commercial property market.
According to registration documents, the transaction involves a premium-grade office property located in Kalpataru Inspire, a landmark commercial development in Santacruz East, Mumbai. The office space spans approximately 1.75 lakh square feet, offering state-of-the-art infrastructure, modern facilities, and strategic proximity to the Bandra-Kurla Complex (BKC) — Mumbai’s key business district.
Bernhard Schulte Shipmanagement, part of the Schulte Group, is a major global player in ship management and maritime services. The acquisition marks a significant expansion of the company’s presence in India, where it already operates from multiple locations. The newly acquired office will serve as its India headquarters, providing ample space to accommodate its growing workforce and operations.
This deal reflects the rising trend of multinational corporations investing in Grade-A commercial real estate in India, particularly in Mumbai, which continues to attract high-value investments due to its strong business ecosystem, connectivity, and infrastructure.
For Kalpataru, the transaction reinforces its reputation as a trusted developer delivering top-quality commercial spaces that appeal to global enterprises. The company’s focus on sustainable design, architectural excellence, and strategic locations has made it a preferred choice among investors and corporates alike. With this ₹304-crore deal, Mumbai’s commercial real estate market further cements its position as one of the most attractive destinations for both domestic and international investors.
