CM Devendra Fadnavis handed over allotment letters to international traders Kojun Nishima, President of Sumitomo Realty & Improvement, and Yagi Koji san, Consul-Basic of Japan, a key milestone in attracting strategic funding and creating 15,000 high-tech jobs.
In a serious push to draw worldwide funding, Chief Minister Devendra Fadnavis formally handed over allocation letters for 3 key plots in Mumbai’s Bandra-Kurla Advanced (BKC) to 2 international companies—Sumitomo Realty and Improvement of Japan and Brookfield Strategic Actual Property.
The land sale has generated a complete income of ₹3,840.49 crore for the Mumbai Metropolitan Area Improvement Authority (MMRDA). The event is anticipated to pave the best way for roughly 15,000 high-tech jobs, Chief Minister Fadnavis introduced on the occasion.
Sumitomo’s Indian subsidiary secured the best bids for plots C-13 and C-19, whereas Brookfield’s subsidiary acquired plot C-80. Chief Minister Fadnavis additionally famous that, earlier this 12 months, through the World Financial Discussion board’s fifty fifth annual assembly, funding agreements value $5 billion and $12 billion respectively had been signed with these firms.
“These initiatives will quickly make BKC the highest industrial hub within the nation,” Fadnavis mentioned, expressing confidence in Mumbai’s future as an funding vacation spot. He emphasised that this milestone is essential within the state’s roadmap to construct a $300 billion economic system and create 3 million jobs by 2030.
The ceremony was attended by MMRDA officers and a Japanese delegation, highlighting the rising worldwide curiosity in Mumbai’s infrastructure and industrial actual property sector.
Revealed on June 3, 2025