Japanese conglomerate Nishitetsu has partnered with Runwal Enterprises on a Rs 20 billion commercial real estate project in Kurla, Mumbai, located near the Bandra–Kurla Complex. The collaboration will see the development of a Grade-A office tower covering more than 310,000 sq. ft.

Nishitetsu’s entry into India marks its first overseas office development and forms part of its broader strategy to expand its footprint across Asia’s urban real estate markets. The project also includes the involvement of Route78 Partners and Genkai Capital Secured Investment, both of which aim to channel institutional capital into Indian developments.

The partnership further strengthens Runwal Enterprises’ position in the premium commercial real estate segment, following its evolution from affordable housing into luxury and high-end developments.

“This marks our first participation in an overseas rental office development project,” the Fukuoka-based conglomerate said. “As a key strategy of our 16th Medium-Term Management Plan, we are promoting the expansion of profits from our overseas real estate business. We will continue striving to expand our global real estate portfolio and build know-how, contributing to sustainable urban development abroad.”