Provenance India (associate developer) along with Sumitomo Realty & Development Co. Ltd., Japan's leading Real estate company is developing 4 million square feet, spread across over 4 marquee Grade A commercial towers at Bandra Kurla Complex (Mumba's premier central business district).
With this Sumitomo Realty & Development Co. Ltd. marks its entry in the Mumbai Real Estate landscape. The record lease premium totalling ~10,000 Crores for all 4 plots, that was paid to MMRDA makes this one of the largest FDI investments in the Mumbai Commercial Real Estate Space and among the most valuable properties to have been transacted in recent years. The 4 plots are strategically located in the heart of BKC alongside the Jio World Center, MCA cricket grounds and One BKC towers, within the prime G-Block of BKC.
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.
HIGHLIGHTS OF THESE PROJECTS:
• Over 15 million sq. ft. of mixed-used leasable area across 5 plots
• 4 plots are located at the prime G-Block in BKC, adjacent to Jio World Center
• First project completion in 2026
• Worli plot spans across ~22 acres of prime South Mumbai real estate