RMZ Corporation Leases 3 Lakh Sq Ft to Chevron in Bengaluru

23 Sep 2024 CW Team

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.

Infrastructure Urban

07 Jul 2026

IHC and Adani to Invest US$11.5 bn in Odisha Aluminium Project

Abu Dhabi's International Holding Company (IHC) will invest US$11.5 bn in an integrated aluminium project in the eastern Indian state of Odisha in a joint venture with the Adani Group, a state official said. The official said the announcement represented the country's largest foreign investment in mining and metallurgy. Officials said the venture would span both mining and metallurgical activities across several facilities in the state. The project has been described as integrated, encompassing upstream bauxite extraction and downstream smelting and metallurgy, and is intended to develop a com..

Air India and SIAEC to Explore MRO Joint Venture in India

Air India and SIA Engineering Company (SIAEC) have signed a memorandum of understanding (MoU) to explore the formation of a maintenance, repair and overhaul joint venture in India. The MoU, signed on Friday, will examine collaboration to develop India as a global aviation MRO hub and to serve growing needs across the Indian and regional markets. SIA Engineering Company, part of the Singapore Airlines Group which holds a 25.1 per cent stake in Air India, will bring technical expertise alongside Air India's established airline operations network. The partnership builds on existing cooperation be..

Assam and Centre Review Aviation Projects Push Silchar Airport Approval

Assam and the Centre on Thursday, July two reviewed a series of aviation infrastructure projects aimed at strengthening air connectivity across the state, with the proposed greenfield airport at Silchar emerging as a key priority. The review formed part of broader efforts to position Assam as a major aviation and logistics hub for the north east. Officials outlined timelines and preparatory work that they said would guide the next stages of project approvals. The Chief Minister met the Union Civil Aviation Minister at Rajiv Gandhi Bhavan in New Delhi and described the meeting as very productiv..