Sumitomo to make USD 3.6 billion investment in office complexes
Realty & Development firm Sumitomo has plans to invest 500 billion yen (USD 3.58 billion) in office building projects in India. The Japanese firm recently spent 35.1 billion yen acquiring about 12,000 square meters of land in the Bandra Kurla Complex. The firm plans to construct two large-scale buildings with a total floor area of about 130,000 sq. meters each on the two sites. Completion is expected between fiscal 2025 and 2027.
After the two Mumbai towers are finished, Sumitomo will take on other development projects in India.
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