Japanese multinational corporation (MNC) Sumitomo Corporation has bid a staggering Rs 2,238 crore for a three-acre plot in the prime Bandra-Kurla Complex (BKC) in central Mumbai, an official said on Tuesday.
"We have received the bid from the company for the plot here. However, the bid will be scrutinised and evaluated and will undergo our processes for other formal approvals before it is finalised. We cannot fix a timeframe for this," Dilip Kawathkar, Executive Director, Mumbai Metropolitan Region Development Authority (MMRDA), told IANS.
The bid, which works out to around Rs 745 crore per acre, is billed among the biggest in the country in recent times, though the MMRDA officials declined to elaborate.
Officials said if Sumitomo Corporation wins the bid, it may be entitled to a floor space index (FSI) of 4 permissible on the BKC plot, or a built-up area of approximately a million square feet.
Established in 1919, the Tokyo headquartered Sumitomo Corporation is spread across Japan, Asia, Europe, America, Africa, East Asia and other countries globally, dealing in infrastructure, realty, media, metal products, transportation and construction systems, minerals, energy and chemicals.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
20 Plot Buyers Cheated Of Over Rs 3 Crore Near Mumbai, Case Filed Against 3: Cops Maharashtra Allots Bandra-Kurla Complex Plot For Bullet Train Station With Conditions For Mumbai's Bullet Train, A Major Problem Solved: Station No 1 Parents Gave Names Of Interns, Doctors To CBI In Kolkata Horror: Sources Who Is Jasveen Sangha, "Ketamine Queen" Charged With Matthew Perry's Death How Extreme Weather Is Leading To Rise In Child Marriages In Pakistan Police Arrest Suspect In Bihar Dalit Girl Kidnapping, Murder Case 80 Killed In Paramilitary Attack In Sudan OpenAI Blocks Iranian Group's ChatGPT Accounts For Targeting US Election Track Latest News Live on NDTV.com and get news updates from India and around the world.