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Japanese firm to buy India’s most expensive land parcel
Transactions - JUNE 28, 2019

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Japanese firm to buy India’s most expensive land parcel

by Andrea Zander

Japanese conglomerate Sumitomo Corp. is poised to buy the most expensive plot of land ever sold in India, according to local media.

The bid is for the Mumbai Metropolitan Regional Development Authority for an INR 2,238 crore ($323 million),  three-acre plot in one of Mumbai’s financial hubs.

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