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Japan's Sumitomo Realty puts India bet on Mumbai and serviced apartments

Japan's Sumitomo Realty and Development is making a unique foray into India's real estate market, focusing solely on Mumbai. Instead of selling properties, the developer plans to manage and rent out apartments in its upcoming super-high-rise projects. This strategy aims to capitalize on Mumbai's rising rents and its perceived stability, differentiating Sumitomo from other international players.

18 Dec 2025 4:22 pm