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Japanese MNC bids record Rs 2,238 crore for three-acre BKC p .. Read more at: http://timesofindia.indiatimes.com/articleshow/69935512.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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.

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