RMZ Partners MMRDA and CIDCO for USD 30 Billion Investments

28 Jan 2026 CW Team

The announcement was made at the World Economic Forum Annual Meeting 2026 in Davos. Under the partnership, RMZ will enable phased investments with the potential to generate around 300,000 direct and indirect jobs over the lifecycle of the projects. The collaboration aims to drive economic growth through foreign direct investment in urban development, regional infrastructure and digital projects.

RMZ, a privately owned alternative asset owner and operator, develops and manages premium commercial real estate, mixed-use developments, logistics, hospitality and digital infrastructure assets. As part of its association with CIDCO, the company will develop new data centre and commercial projects in Navi Mumbai.

The projects are expected to commence in FY27, with CIDCO supporting RMZ in securing land allotments, approvals and regulatory clearances in line with Maharashtra’s policies and regulations.

A CIDCO spokesperson said the partnership aligns with the state’s vision to attract large-scale technology-led infrastructure projects, strengthen digital resilience and support India’s rising demand for data-driven services. The spokesperson added that Navi Mumbai is rapidly emerging as a preferred destination for high-value data centre and digital infrastructure investments.

Manoj Menda, Chairman of the Supervisory Board at RMZ, said large-scale, long-duration investments require strong institutional alignment and trust. He noted that Maharashtra’s focus on planned development and long-term economic value creation provides a robust foundation for such partnerships.

The partnership is expected to accelerate infrastructure development, strengthen digital capabilities and enhance the Mumbai region’s position as a major investment destination.

Bengaluru-based RMZ has announced a strategic investment partnership with the Mumbai Metropolitan Region Development Authority and the City & Industrial Development Corporation of Maharashtra Limited to facilitate up to USD 30 billion in investments across the Mumbai Metropolitan Region over the next decade. The announcement was made at the World Economic Forum Annual Meeting 2026 in Davos. Under the partnership, RMZ will enable phased investments with the potential to generate around 300,000 direct and indirect jobs over the lifecycle of the projects. The collaboration aims to drive economic growth through foreign direct investment in urban development, regional infrastructure and digital projects. RMZ, a privately owned alternative asset owner and operator, develops and manages premium commercial real estate, mixed-use developments, logistics, hospitality and digital infrastructure assets. As part of its association with CIDCO, the company will develop new data centre and commercial projects in Navi Mumbai. The projects are expected to commence in FY27, with CIDCO supporting RMZ in securing land allotments, approvals and regulatory clearances in line with Maharashtra’s policies and regulations. A CIDCO spokesperson said the partnership aligns with the state’s vision to attract large-scale technology-led infrastructure projects, strengthen digital resilience and support India’s rising demand for data-driven services. The spokesperson added that Navi Mumbai is rapidly emerging as a preferred destination for high-value data centre and digital infrastructure investments. Manoj Menda, Chairman of the Supervisory Board at RMZ, said large-scale, long-duration investments require strong institutional alignment and trust. He noted that Maharashtra’s focus on planned development and long-term economic value creation provides a robust foundation for such partnerships. The partnership is expected to accelerate infrastructure development, strengthen digital capabilities and enhance the Mumbai region’s position as a major investment destination.

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