MITSUBISHI Corporation has signed a definitive agreements for partnership with Shriram Properties Limited for its large residential development project in Chennai.

MITSUBISHI Corporation has signed a definitive agreements for partnership with Shriram Properties Limited for its large residential development project in Chennai. By investing approx. Rs.180 crores towards 70% stake in the ongoing residential project Shriram Park 63, Mitsubishi’s has officially entered into the Indian real estate sector. Kentaro Koga, general manager, India / Myanmar, Real Estate Business, Mitsubishi and CEO of its investment arm, DRI India Co Ltd, said “We truly feel that Shriram is our best partner for first project in India. Given its strong brand, execution and delivery track record, and focus on customer value, we believe this partnership will support our growth aspirations. We are looking forward to working with such credible partner in an important sector in India.”