Japanese conglomerate Nishitetsu has partnered with Runwal Enterprises for a Rs 2,000-crore commercial real estate project in Kurla, Mumbai, near the Bandra-Kurla Complex.

The collaboration will result in the development of a Grade-A office tower spanning over 3,10,000 sq. ft. Nishitetsu’s entry into India marks its first overseas office development, part of its strategy to expand its presence in Asia's urban real estate market. The project also involves Route78 Partners and Genkai Capital Secured Investment, aiming to channel institutional capital into Indian developments. The partnership strengthens Runwal Enterprises' position in the premium commercial segment, following its expansion from affordable housing into luxury developments.

“This marks our first participation in an overseas rental office development project,” Fukuoka-based conglomerate stated, while expressing, “As a key strategy of our 16th Medium-Term Management Plan, we are promoting the expansion of profits from our overseas real estate business. Going forward, we will continue to strive to further expand our overseas real estate business and accumulate know-how, contributing to the development of sustainable cities overseas.”