RMZ divestment marks largest deal ever in real estate

10 Dec 2020 CW Staff

Bangalore-based real estate firm RMZ Corp wrapped up the sale of 12.8 million sq ft of 67 million sq ft (approximately 18%) of their real estate assets for $2 billion to a fund managed by Brookfield Asset Management, which marks the largest-ever deal in the Indian real estate industry.

RMZ’s hyper-growth strategy which includes growing their real asset portfolio to 87 million sq ft and $15 billion from their current $10 billion portfolios and 67 million sq ft over the next six years, gets a boost with this deal.

Manoj Menda, Corporate Chairman, RMZ Corp, said the deal between RMZ Corp and Brookfield marked their most important milestone for the year—the conversion to a “debt-free” arm.

The transacted portfolio holds assets in Pune, Chennai, and Bengaluru. RMZ Ecoworld is the largest asset at RMZ. This Bengaluru property covers 14 million sq ft on the Outer Ring Road. The development of 18 million sq ft of the area, this has become the largest commercial real estate market by absorbance in the world. This move was strategised to clear all of RMZ's debt and accelerate their growth.

The hyper-growth strategy of RMZ depends on long-term relationships with institutional investors. In 2019, RMZ established a partnership with Mitsui Fudosan, a leading global real estate developer, for $1 billion to develop assets in India together. In 2013, the Qatar Investment Authority (QIA) invested $300 million in RMZ.

RMZ’s development pipeline delivers best-in-class assets in major markets.

Image Source

Infrastructure Urban

11 May 2026

ABB India Orders Rise 25% in Q1 CY2026

ABB India reported standalone orders of Rs 42.80 billion in Q1 CY2026, a 25 per cent year-on-year increase, supported by strong demand across electrification and motion businesses. Revenue rose 6 per cent year-on-year to Rs 31.84 billion, while profit after tax stood at Rs 342 crore.The company’s order backlog increased 17 per cent year-on-year to Rs 11,094 crore, providing stronger revenue visibility for upcoming quarters. Key order wins came from data centres, metro rail, smart city projects, metals, wind, solar, chemicals, pharmaceuticals, state utilities and packaged foods.ABB India also..

GRAFF unveils Champagne finish at Salone 2026

GRAFF has introduced its new Champagne finish, recently unveiled at Salone del Mobile.Milano 2026, expanding its portfolio to 28 finishes. Designed to bring warmth, balance and serenity into interiors, the finish is positioned as the brand’s brightest option for clients seeking a lighter, warmer tone.Available in Polished and Brushed variants, the Champagne finish combines refined aesthetics with functionality. It is suited for residential and contract spaces and can adapt to traditional, contemporary and minimalist design styles.The finish is now available across select GRAFF bathroom and k..

Blue Dart Revenue Rises to Rs 61.41 Bn

Blue Dart Express reported revenue from operations of Rs 61.41 billion for FY2025–26, up from Rs 57.20 billion in the previous year, supported by continued momentum in e-commerce, domestic consumption and B2B surface express solutions. Profit after tax for the year stood at Rs 240 crore.For the quarter ended 31 March 2026, the company posted revenue from operations of Rs 15.33 billion and profit after tax of Rs 430 million. Blue Dart said it continued to strengthen its integrated air and ground network, improve operational efficiency and expand solutions for businesses across India.The compa..