Japanese property firms expand aggressively into India’s market
Representative Image MUMBAI: Japanese real estate developers continue to explore the complex Indian market, with many expected to enter, lured by rising rental rates in a rapidly expanding economy and low construction costs. A prime example is Mitsui Fudosan, Japan’s largest property developer, which ventured into India in 2020 through a partnership with local developer RMZ Real Estate to construct an office complex in Bengaluru. According to two sources familiar with the matter, the company may invest an additional 30-35 billion yen (approximately $190-$225 million) in projects with RMZ or other local developers. Last month, Mitsui Fudosan’s management team visited…
