Canada Pension Plan Investments to fund RMZ’s office space development

14 Apr 2021 Editorial Team

Real estate investment, development and management firm RMZ Corp and Canada Pension Plan Investments (CPP Investments) have entered a pact to develop and hold commercial office space in Hyderabad and Chennai.

CPP Investments will invest Rs 15,000 crore for an expected development of 10.4 million sq ft of commercial office sites in Hyderabad and Chennai.

The three sites that will be a part of this transaction—RMZ One Paramount (Chennai), RMZ Nexity (Hyderabad) and RMZ Spire (Hyderabad) are Grade-A developments. Out of the 10.4 million sq ft included in the transaction, 7.5 million sq ft is already under active development, with the construction of the remaining space due to commence in the coming months.

RMZ is a privately-owned developer, manager, and investor of real assets. The company has over 250 enterprise customers in six Indian cities and 85 million sq ft of real assets under ownership.

CPP Investments is a global investment management organisation that invests the assets of the Canada Pension Plan. Headquartered in Toronto, with offices in Hong Kong, London, Luxembourg, Mumbai, New York, San Francisco, Sao Paulo and Sydney, the company is governed and managed independently of the Canada Pension Plan and at arm's length from governments.

Image Source

Also read: RMZ divestment marks largest deal ever in real estate

Infrastructure Urban

02 Jun 2026

BonV Aero Launches Air Hans Drone

BonV Aero has launched Air Hans, a heavy-lift drone designed to support last-mile logistics across India’s difficult mountain, border and remote regions. The UAV is built to operate in challenging terrain where snowfall, landslides and poor road access often disrupt supply chains.Air Hans can carry a 20 kg payload over a 12 km range and operate at altitudes of up to 16,500 ft above mean sea level. Built on an aerospace-grade aluminium composite frame, the drone is designed to withstand wind gusts of up to 35 km per hour.The platform has already been tested in demanding environments. BonV Aer..

Balu Forge Secures Artillery Shell Order

Balu Forge Industries has secured an initial contract to supply 30,000 units of 152 mm artillery shells to a major Indian energetics player. Supplies under the order are scheduled to commence in June 2026, marking a key step in the company’s expansion into the domestic defence sector.The order is expected to scale up to more than 100,000 shells with additional variants. The agreement also provides for the inclusion of further ammunition variants in the production pipeline, enabling the company to address evolving artillery requirements.The order will be executed through BFIL’s fully automa..

Government Notifies Two SEZs in Puducherry

The Government has notified two new Special Economic Zones in the Union Territory of Puducherry following approval by the Board of Approval for SEZs under the Department of Commerce at its one hundred and thirty-seventh meeting on 27 February 2026. The approvals are presented as part of a drive to strengthen the country’s industrial base, expand exports and deepen self-reliance in strategic sectors. Authorities described the decisions as milestones for Puducherry’s industrial and export-led growth strategy and as measures expected to expand opportunities for investment, manufacturing and h..