India real estate: According to the documents shared by CRE Matrix, HCC board on November 9 passed a resolution to sell the land as part of asset monetisation of debt resolution
Goisu Realty, a subsidiary of Sumitomo Realty & Development Company, has picked up the land parcel through an 80-year lease agreement. It emerged the highest bidder for the plot in 2019 but conclusion of the deal has taken more than four years.
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.