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.

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

Infrastructure Urban

06 Apr 2026

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

Infrastructure Energy

06 Apr 2026

G R Infraprojects Secures Rs 4,130 Million BESS Contract From NTPC

G R Infraprojects said it has secured a contract from NTPC to supply and implement a battery energy storage system (BESS) valued at Rs 4,130 million (mn). The company reported the order was awarded as part of NTPC's ongoing efforts to enhance grid flexibility and energy storage capacity. The contract represents a notable addition to the firm's project pipeline and underscores demand for utility scale storage solutions. The award is expected to strengthen G R Infraprojects' presence in the energy infrastructure sector and to contribute to the firm's order book and future revenues, subject to st..