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Japan's 2nd-largest bank leases property in Mumbai's BKC for Rs 189 crore for 5 years
NDTV Profit 2 hrs ago·20 Oct 2026, 5:05 am
Japan's second-largest bank, Sumitomo Mitsui Banking Corporation (SMBC), has signed a five-year lease for 49,820 square feet of office space in Mumbai's Bandra-Kurla Complex (BKC). The deal, valued at approximately Rs 189 crore, translates to a monthly rent of roughly Rs 3.46 crore.
This significant real estate transaction underscores the enduring appeal of India's financial capital. For investors, it signals that despite global economic headwinds, major international financial institutions continue to expand their physical footprint in India to tap into the country's robust growth story.
Moving forward, market participants should watch for similar expansion announcements from other global banks. This trend could indicate a broader strengthening of foreign capital inflows into India's commercial real estate sector.
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