Mitsubishi joins hand with Birla estates to develop its maiden real estate project in Bengaluru
The real estate arm of the Mitsubishi group, Mitsubishi Estate Co. Ltd. (MEC) has joined hands with a wholly owned subsidiary of Aditya Birla Real Estate Limited, Birla Estates Private Limited (BEPL). In the joint venture, Mitsubishi would invest Rs 560 crore in a residential housing development in Southeast Bengaluru.
This collaboration, MEC's first in India's residential sector, aims to develop a premium living community spanning 4 million square feet.
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