Japan's Sumitomo Corp concludes 80-year lease for BKC plot for Rs 2,067 crore

Sumitomo Corporation Group has secured a long-term lease agreement for a 3-acre land parcel in Mumbai's Bandra-Kurla Complex for over Rs 2,067 crore. Its subsidiary, Goisu Realty, obtained the land through an 80-year lease agreement. This is the first land parcel auctioned by the Mumbai Metropolitan Region Development Authority (MMRDA) in over 12 years.

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