Mori Building Company, one of Japan’s largest real estate developers, is planning to enter India this year, two people close to the development told ET.
The $2.25-billion Tokyo-based property investment firm is planning to develop and manage commercial properties in India and could even tie up with a domestic player. “Mori had conducted a market research some time back and now it has finalised plans to invest in the country. While no amount is finalised, initial investments could be to the tune of $100 million,” a person in the know said.
Another person close to the development said the Japanese realty major is making a move at a strategic time. “Due to the regulatory changes in the real estate sector like RERA, it would be easier for many foreign players to operate in India,” he said.
Read more : The Economic Times
