RMZ, MMRDA, and CIDCO Ink $30 Billion Investment Pact for MMR Development

RMZ, a Bengaluru-based real estate and infrastructure platform, has announced a strategic investment partnership 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 collaboration aims to mobilize investments worth $30 billion in the Mumbai Metropolitan Region (MMR) over the next 10 years.

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

The MMR has 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 released by ANAROCK Research. The region accounted for over 13% of the total land transacted across the country during the year. These transactions were 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 with 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.

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, with a prospect to create 3 lakh jobs directly and indirectly over the project lifecycle. 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. Besides driving economic growth by attracting more FDI in urban, regional, and infrastructure development, the plan is to digitally and economically enhance 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 is anticipating fast-tracking their large-scale projects, which require the intervention of both public authorities and private capital.

The association also provides for the development of new data center and commercial projects by RMZ in Navi Mumbai, a fast-emerging hub for digital infrastructure due to its planned layout, proximity to Mumbai, and improving connectivity. 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. The institutional support will seek to ensure timely implementation and mitigate the development risks for the long-term infrastructure investment.

“We are excited about announcing the partnership with RMZ as 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,” said a CIDCO spokesperson. Highlighting the strategic importance of Navi Mumbai on a growth path, the spokesperson noted that Navi Mumbai is fast becoming the destination of choice for high-value data center and digital infrastructure capabilities. This agreement aims to enable planned future-readiness through easy facilitation of required infrastructure, approvals, and ecosystem support necessary for long-term digital and economic growth.

Commenting on the partnership, Manoj Menda, Chairman of the Supervisory Board, RMZ, underscored the importance of institutional alignment for large-scale investments. “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,” he said.

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.