RMZ, MMRDA, and CIDCO Forge Strategic Pact to Attract $30 Billion Investment in Mumbai Metropolitan Region

RMZ, a leading real estate and infrastructure platform based in Bengaluru, has partnered with the Mumbai Metropolitan Region Development Authority (MMRDA) and the City & Industrial Development Corporation of Maharashtra Limited (CIDCO) at the World Economic Forum Annual Meeting 2026 in Davos. This strategic investment partnership aims to mobilize investments to the tune of $30 billion in the Mumbai Metropolitan Region (MMR) over the next 10 years.

The partnership positions RMZ as a key private-sector catalyst for attracting large-scale foreign direct investments (FDI) in the region. The investments will span various asset classes, including real estate, mixed-use developments, logistics, and digital infrastructure. This initiative is expected to create around 3 lakh direct and indirect jobs over the project lifecycle, significantly boosting regional economic growth.

The MMR emerged as India’s most active real estate market for land transactions in 2025, with 32 land deals covering over 500 acres, according to data from ANAROCK Research. The region accounted for over 13% of the total land transacted across the country during the year, with transactions spread across residential, commercial, data centers, industrial, plotted developments, and mixed-use projects.

Overall, at least 126 land deals involving more than 3,772 acres were closed across India in 2025, compared to 133 deals spanning around 2,514 acres in 2024. While the number of transactions was marginally lower year-on-year, the total land area transacted in 2025 significantly surpassed that of the previous year. In 2024, MMR had closed at least 30 land deals covering over 607 acres.

Under this strategic partnership, RMZ will facilitate an investment commitment worth $30 billion in the MMR in a phased manner over a period of 10 years. The partnership is part of the Maharashtra government's broader strategy to transform Mumbai into a global hub for finance, technology, and data-driven infrastructure sectors. The goal is to drive economic growth by attracting more FDI in urban, regional, and infrastructure development, while also enhancing the state's long-term resilience.

RMZ, a privately held alternative asset company, owns and operates commercial real estate, mixed-use developments, logistics, hospitality, and digital infrastructure platforms. Through the MMRDA and CIDCO partnership, the company aims to fast-track its large-scale projects, which require the intervention of both public authorities and private capital.

The association also includes the development of new data center and commercial projects by RMZ in Navi Mumbai, a rapidly emerging hub for digital infrastructure. This project is likely to be initiated in 2026-27. CIDCO will assist RMZ in land allotments, statutory approvals, and clearances from various government departments, in line with the currently declared policies and regulations of the Government of Maharashtra. This institutional support will ensure timely implementation and mitigate the development risks for long-term infrastructure investments.

A CIDCO spokesperson expressed excitement about the partnership, stating that it aligns with Maharashtra’s broader vision to attract large-scale technology-led infrastructure projects, strengthen digital resilience, and support India’s growing demand for data-driven services. The spokesperson highlighted the strategic importance of Navi Mumbai on a growth path, noting that it is fast becoming the destination of choice for high-value data center and digital infrastructure capability. CIDCO aims to enable planned future-readiness through easy facilitation of required infrastructure, approvals, and ecosystem support necessary for long-term digital and economic growth.

Manoj Menda, Chairman of the Supervisory Board at RMZ, emphasized the importance of institutional alignment for large-scale investments. He stated, 'Large, long-duration investments require more than capital; they require alignment, trust, and strong institutional frameworks. Maharashtra’s emphasis on planned development and long-term economic value creation provides the right foundation for such partnerships.'

With global investors increasingly looking for stable and government-supported urban markets around the world, the collaboration between RMZ, MMRDA, and CIDCO indicates the rising confidence in the MMR’s ability to attract capital in the future and provide future-ready infrastructure.