Country’s most expensive land deal, 3 acres plot worth 2238 crores
The country’s most expensive land deal in the city of Mumbai, a Japanese company has bid for a purchase of three acres of plot worth Rs 2238 crore, according to which the company will spend Rs 745 crore per acre.
According to the report, according to the report, a senior official of the Mumbai Metropolitan Region Development Authority said that only Japanese company Sumitomo has received a bid to buy the plot located in the Bandra-Kurla complex of the city, which is being considered.
This plot seems to be from Geo Garden, this plot was kept for auction several months ago, but since then no one came forward to buy it. Mumbai’s Real Estate Market Expert says that the sum offered by Sumitomo is very much. The reserve price of this plot was kept at 3.44 lakh rupees per square meter. Here the RBI, Income Tax, Family Court, Head Office of many banks, Embassies of many countries and the grounds of the Mumbai Cricket Association is also there. Apart from this, residential complexes are also built here. Due to the close proximity of West Railway, Mahim Creek and Airport, the Japanese company has played such a big deal.
According to information from sources, Sumitomo is Japan’s old industrial group. Many companies in this group are working in India. These include Sumitomo Mitsubishi Financial Group, NEC Corporation, Nippon Steel and Majda Motors.
Sumitomo will prepare a plot of 10 lakh square feet on this plot. The commercial office complex will be built on this plot, in which many offices of this company will be shifted. This bid group will be the real estate company. This deal will make the Mumbai real estate market sluggish.