Sumitomo bags two commercial plots in Mumbai
Global Sogo shosha general trading company, Sumitomo emerged successful bidder to lease two commercial plots of the Bandra Kurla Complex (BKC) at Rs 2,067 crore for a period of 80 years. Mumbai Metropolitan Region Development Authority (MMRDA), floated tenders along with calling for fresh tenders for the plots in August 2022.
However, it failed to obtain a relevant response from the bidders due to the Covid- 19 pandemic despite the tender being called in 2019. MMRDA offered two commercial plots 69C spread over 5,807.50 sq. mt. and plot 69D over 6077.60 sq. mt. The development potential on each plot is 30,000 sq. mt. and the MMRDA had pegged the reserve price of each plot at Rs 3.44 lakh.
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