Japan's Sumitomo Realty & Development commits $6.5 billion exclusively to Mumbai, focusing on luxury build-to-lease apartments near BKC in a contrarian move that signals a new era of institutional rental housing in India.

Japanese real estate giants Mitsui Fudosan and Sumitomo Realty are accelerating multi-billion dollar investments in India's commercial property sector, targeting Mumbai, NCR, and the upcoming Navi Mumbai Airport zone with plans exceeding $8 billion combined.