+
RMZ Corporation Leases 3 Lakh Sq Ft to Chevron in Bengaluru
Real Estate

RMZ Corporation Leases 3 Lakh Sq Ft to Chevron in Bengaluru

Realty firm RMZ Corporation has leased approximately 3 lakh square feet of commercial space to Chevron Global Technology & Services in Bengaluru. This partnership supports the establishment of the USD 1 billion Chevron Engineering and Innovation Excellence Center (ENGINE) at RMZ's 'RMZ Ecoworld 30-series'.

Key Details:

Lease Agreement: RMZ will provide around 0.3 million square feet, with expansion options available.

Future Plans: RMZ currently oversees 21 million sq ft of office projects and aims to add another 30 million sq ft over the next 2-3 years, targeting a total office portfolio of 50 million sq ft across six cities.

Market Demand: Thirumal Govindraj, CEO of RMZ Office and RMZ NXT, noted that India is emerging as a hub for GCC expansion, with a rising demand for tech-powered workspaces.

Chevron's Vision: Akshay Sahni, Country Head at Chevron India, emphasized that ENGINE will empower local talent to advance global operations, addressing contemporary energy challenges and developing future energy systems.

RMZ's Profile: RMZ Corporation is a prominent family-owned real estate entity in India, focusing on real assets, including premium office spaces, industrial and logistics facilities, and mixed-use developments.

Conclusion: This strategic lease aligns with RMZ's growth ambitions and underscores Bengaluru's role as a key player in the commercial real estate market.

Realty firm RMZ Corporation has leased approximately 3 lakh square feet of commercial space to Chevron Global Technology & Services in Bengaluru. This partnership supports the establishment of the USD 1 billion Chevron Engineering and Innovation Excellence Center (ENGINE) at RMZ's 'RMZ Ecoworld 30-series'. Key Details: Lease Agreement: RMZ will provide around 0.3 million square feet, with expansion options available. Future Plans: RMZ currently oversees 21 million sq ft of office projects and aims to add another 30 million sq ft over the next 2-3 years, targeting a total office portfolio of 50 million sq ft across six cities. Market Demand: Thirumal Govindraj, CEO of RMZ Office and RMZ NXT, noted that India is emerging as a hub for GCC expansion, with a rising demand for tech-powered workspaces. Chevron's Vision: Akshay Sahni, Country Head at Chevron India, emphasized that ENGINE will empower local talent to advance global operations, addressing contemporary energy challenges and developing future energy systems. RMZ's Profile: RMZ Corporation is a prominent family-owned real estate entity in India, focusing on real assets, including premium office spaces, industrial and logistics facilities, and mixed-use developments. Conclusion: This strategic lease aligns with RMZ's growth ambitions and underscores Bengaluru's role as a key player in the commercial real estate market.

Next Story
Infrastructure Urban

Naidu Seeks Rs 563 Crore For AP Sports Infrastructure

Andhra Pradesh Chief Minister N Chandrababu Naidu has sought Rs 563 crore from the Centre to boost sports infrastructure in the state, including Rs 538 crore for stadium development and Rs 25 crore to host the Khelo India Martial Arts Games 2025. Naidu made the request during a meeting with Union Youth Services and Sports Minister Mansukh Mandaviya in New Delhi on Wednesday.The CM urged early completion of Khelo India infrastructure projects in Tirupati, Rajahmundry, Kakinada, and Narasaraopeta, and called for an international-standard badminton training centre and a national aquatic sports hu..

Next Story
Infrastructure Transport

Tough Bidding Norms Slow NHAI Road Project Awards

Stringent bidding rules imposed by the Ministry of Road Transport & Highways (MoRTH) have led to a slowdown in project awards by the National Highways Authority of India (NHAI), despite a robust Rs 3.5 trillion pipeline. According to an HDFC Securities report, the shift to more cautious developer models now favours firms with strong balance sheets, as tighter qualification norms limit aggressive bidders.The revised norms mandate additional performance security, targeting the exclusion of players that previously submitted low bids—often 25 to 40 per cent below NHAI cost estimates—raisin..

Next Story
Infrastructure Transport

Mumbai Gets Coastal Nod for Next Promenade Phase

As Mumbai prepares to open two major sections of its expansive seafront promenade this week, the city’s civic authority has secured a key coastal clearance to advance further construction. The Maharashtra Coastal Zone Management Authority (MCZMA) has approved the commencement of work on the segment between Haji Ali and Baroda Palace, with tendering expected soon after project cost assessments.The promenade, stretching 7.5 km in length and 20 metres wide, is being designed as a flagship open space for walkers, joggers, and cyclists. Two critical stretches—2.75 km from Tata Garden to Haji Al..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?