Fadnavis allocates BKC plots to global investors, secures ₹3,840 crore in revenue

CM Devendra Fadnavis handed over allotment letters to global investors Kojun Nishima, President of Sumitomo Realty & Development, and Yagi Koji san, Consul-General of Japan, a key milestone in attracting strategic investment and creating 15,000 high-tech jobs.

In a major push to attract international investment, Chief Minister Devendra Fadnavis formally handed over allocation letters for three key plots in Mumbai’s Bandra-Kurla Complex (BKC) to two global firms—Sumitomo Realty and Development of Japan and Brookfield Strategic Real Estate.

The land sale has generated a total revenue of ₹3,840.49 crore for the Mumbai Metropolitan Region Development Authority (MMRDA). The development is expected to pave the way for approximately 15,000 high-tech jobs, Chief Minister Fadnavis announced at the event.

Sumitomo’s Indian subsidiary secured the highest bids for plots C-13 and C-19, while Brookfield’s subsidiary acquired plot C-80. Chief Minister Fadnavis also noted that, earlier this year, during the World Economic Forum’s 55th annual meeting, investment agreements worth $5 billion and $12 billion respectively had been signed with these companies.

“These projects will soon make BKC the top commercial hub in the country,” Fadnavis said, expressing confidence in Mumbai’s future as an investment destination. He emphasized that this milestone is crucial in the state’s roadmap to build a $300 billion economy and create 3 million jobs by 2030.

The ceremony was attended by MMRDA officials and a Japanese delegation, highlighting the growing international interest in Mumbai’s infrastructure and commercial real estate sector.

Published on June 3, 2025