Provenance India (associate developer) along with Sumitomo Realty & Development Co. Ltd., Japan's leading Real estate company is developing a 1 million square feet, marquee Grade A commercial tower at Bandra Kurla Complex.
With this development Sumitomo Realty & Development Co. Ltd. marks its entry in the Mumbai Real Estate landscape. The record 2238 Cr lease premium paid to MMRDA for the 3 acre plot makes it one of the largest FDI investments in the Mumbai Commercial Real Estate Space and the most valuable property to have transacted in recent years. The property is strategically located in the heart of BKC alongside the Jio World Center, MCA cricket grounds and One BKC tower.
Sumitomo Realty & Development Co. Ltd. is a core company of the Sumitomo Group with a history of nearly 400 years. The company's businesses are mainstay office building leasing, condominiums sales, remodeling, custom-home construction, rental apartments, hotels, and multi-purpose halls. The company aims to take the next great leap in its growth and create new value through Innovation by promoting sustainable urban development that is disaster-resilient, people friendly and environmentally friendly for the next generation.
PROJECT HIGHLIGHTS:
• Land area spread over 3 Acres
• Over 1 million sq.ft. leasable area
• Ground + 12 floors structure and 6 levels of basement
• Located at G Block in BKC, adjacent to Jio World Center
• Project completion in 2026