Sumitomo Corporation Enters Mumbai Office Building Development Project with Hines and Mitsubishi Estate
Sumitomo Corporation, in partnership with Hines and Mitsubishi Estate, is entering a major office building development project in Mumbai, India. The project aims to capitalize on India's growing economic and demographic strengths, particularly in the IT and financial sectors.
Sumitomo CorporationHinesMumbaiReal Estate DevelopmentOffice BuildingReal Estate MumbaiJun 02, 2025
The office building development project will be situated adjacent to Mumbai's BKC district, which is home to the headquarters of many multinational and major Indian corporations. The building will have a total floor area of 141,000 square meters, spanning 12 floors above ground and seven underground. The area boasts advanced infrastructure, including well-developed roads and train stations. The site is also close to a planned new high-speed rail station and two metro stations currently under construction, making it an ideal location for office development.
The building's design will be led by Kohn Pedersen Fox Associates, a renowned U.S. architectural firm known for projects such as Roppongi Hills. The design will feature a dynamic facade, a commercial zone on the lower floors, and a spacious three-story atrium open to the public. The project will include a large, approximately seven-thousand-square-meter floor plate to meet diverse tenant needs, along with environmentally conscious features. The goal is to develop a high-grade, globally competitive office building.
In addition to the office building project, Sumitomo Corporation is also collaborating with Hines on a condominium development project in Mumbai. This condominium project will be built on a site of approximately 13,000 square meters adjacent to Powai Lake in central Mumbai. It will consist of six 20-story towers, comprising a total of 321 units. The site is located about seven kilometers from the Bandra Kurla Complex (BKC), one of Mumbai's central business districts. It is also near the approximately one-million-square-meter Hiranandani Gardens Township, a large-scale residential and commercial area known for its convenience and quality of life. The location offers scenic views of Powai Lake to the north and is ideally suited for the target demographic of the growing upper-middle class.
Sumitomo Corporation's strategic investments in Mumbai reflect its commitment to tapping into the city's economic potential and contributing to its urban development. By partnering with leading global firms like Hines and Mitsubishi Estate, Sumitomo Corporation aims to create sustainable and high-quality real estate projects that meet the needs of both local and international businesses.
Frequently Asked Questions
What is the total floor area of the office building project in Mumbai?
The total floor area of the office building project in Mumbai is 141,000 square meters.
Who are the partners in the office building development project in Mumbai?
The partners in the office building development project in Mumbai are Sumitomo Corporation, Hines, and Mitsubishi Estate Company.
What are the key features of the office building design?
The office building design features a dynamic facade, a commercial zone on the lower floors, a spacious three-story atrium open to the public, and a large, approximately seven-thousand-square-meter floor plate.
Where is the condominium development project located in Mumbai?
The condominium development project is located on a site of approximately 13,000 square meters adjacent to Powai Lake in central Mumbai.
How many units will the condominium development project in Mumbai have?
The condominium development project in Mumbai will consist of six 20-story towers, comprising a total of 321 units.
Related News Articles
UPRERA Orders Builder to Hand Over Commercial Units with Interest for Delayed Possession
The Uttar Pradesh Real Estate Regulatory Authority (UPRERA) has directed the builder, Mist Direct Sales Private Limited, to deliver possession of nine commercial units and pay interest for delayed possession in the Festival City Phase III project, Noida.
Experience Luxury Redefined: Dubai's Opulent Real Estate Market with Mira Real Estate
Discover the ultimate luxury living experience in Dubai with Mira Real Estate, a leading property broker providing comprehensive services for buying and selling properties throughout the UAE.
Embassy REIT Raises Rs 2000 Crore in Debt: A Strategic Move in the Real Estate Sector
Embassy Office Parks REIT, one of India's leading Real Estate Investment Trusts (REITs), has successfully raised Rs 2000 crore through the issuance of Non-Convertible Debentures (NCDs). This move is expected to strengthen the company's financial position
Israeli PM Netanyahu Sends Condolences for the Passing of Ratan Tata
Former Tata Group chairman Ratan Tata passed away at the age of 86. Israeli Prime Minister Benjamin Netanyahu expressed his condolences, praising Tata's contributions to India's growth and his role in strengthening India-Israel relations.
Sara Ali Khan and Amrita Singh Acquire Two Commercial Properties in Mumbai for Rs 22.26 Crore
The Bollywood mother-daughter duo, Sara Ali Khan and Amrita Singh, have made a significant real estate investment by purchasing two commercial office units in Andheri West, Mumbai, for a total of Rs 22.26 crore.
Trump's Unconventional Plan for Gaza: Transforming War-Torn Land into a Real Estate Haven
Donald Trump has proposed a bold and controversial plan to transform Gaza, one of the world's most devastated regions, into a thriving real estate hub. While the idea is fraught with challenges, it has undoubtedly turned the region on its head and forced