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.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

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.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Infrastructure Urban

07 Jul 2026

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..