RMZ Group Partners with MMRDA and CIDCO to Facilitate $30 Billion Investments in Mumbai Region

Bengaluru-based RMZ Group, a leading privately owned alternative asset owner and operator, has announced a strategic partnership with the Mumbai Metropolitan Region Development Authority (MMRDA) and City & Industrial Development Corporation of Maharashtra (CIDCO) to facilitate substantial investments in the Mumbai Metropolitan Region (MMR). This partnership, unveiled at the World Economic Forum (WEF) Annual Meeting 2026 in Davos, aims to drive significant economic growth and development in the region over the next 10 years.

The RMZ Group will play a pivotal role in structuring and mobilizing investments of up to USD 30 billion across various sectors, including real estate, infrastructure, logistics parks, and data centers. This initiative is expected to generate approximately 300,000 direct and indirect jobs over the project lifecycle, significantly boosting the local economy and creating new opportunities for residents and businesses.

Under the terms of the partnership, RMZ will lead the investment structuring and capital mobilization efforts. The MMRDA will facilitate land identification and aggregation, provide policy-level support, and streamline the approval process for the projects. Meanwhile, CIDCO will collaborate with RMZ to develop new data center and commercial projects in Navi Mumbai, providing essential support in obtaining necessary permissions, land allotments, and clearances from relevant government departments.

The project is set to commence in the 2026-27 fiscal year, aligning with the broader goals of promoting sustainable urban development and enhancing the region's infrastructure. This partnership builds on RMZ's recent agreement with the Andhra Pradesh government to facilitate up to USD 10 billion in investments, further solidifying the company's commitment to driving economic growth through strategic partnerships and investments.

Founded in 2002, RMZ has established itself as a prominent player in the real estate and infrastructure sectors, developing and owning over 70 million square feet of real assets across six major Indian cities. With assets exceeding USD 20 billion, RMZ continues to expand its footprint and contribute to the economic development of key regions in India.

The strategic partnership with MMRDA and CIDCO is a significant step towards transforming the Mumbai Metropolitan Region into a hub of innovation, commercial activity, and sustainable development. By leveraging the expertise and resources of all parties involved, this initiative aims to create a lasting impact on the region's economy and quality of life for its residents.