Japanese conglomerate Sumitomo has shaken Mumbai’s dormant property market by submitting a whopping bid of Rs 2,238 crore for a three-acre plot in Bandra-Kurla Complex. It works out to around Rs 745 crore per acre, which is perhaps the largest land deal in the country per acre, said real estate ..
A senior officer of the Mumbai Metropolitan Region Development Authority (MMRDA) said Sumitomo’s was the sole bid submitted. “We are currently processing the bid.
