In the framework of the association with CIDCO, RMZ will evolve with new data centre and commercial projects in Navi Mumbai. The project is likely to commence in FY 2026-27
Bengaluru-based out RMZ on January 22 announced an investment partnership with 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 to facilitate up to $30 billion in investments across the MMR over the next decade.
Adding that this strategic alliance RMZ will facilitate investments of up to $30 billion across the Mumbai Metropolitan Region over the next 10 years in a phased manner with the potential to generate approximately 3 lakh direct and indirect jobs across the project life cycle.
The collaboration is designed to boost economic growth through FDI in urban, regional, and infrastructure development.
Bengaluru-based RMZ is a privately owned alternative asset owner and operator. It builds, owns, and operates premium commercial real estate, mixed-use developments, logistics, hospitality, and digital infrastructure projects.
Additionally, as part of the association with CIDCO, RMZ will develop new data centre and commercial projects in Navi Mumbai, it said.
The project is expected to commence in the financial year 2026-27, with CIDCO supporting RMZ in obtaining all the necessary permissions, land allotments, approval and clearances from relevant government departments, in line with the existing policies and regulations of the Government of Maharashtra.
As per CIDCO spokesperson, they are are excited over the announcement of the alliance 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.
Adding that Navi Mumbai is fast turning out to be a preferred destination for
high-value data centre and digital infrastructure capabilities.
Through this collaboration, CIDCO
aims to enable planned, future-ready development by facilitating the necessary infrastructure, approvals and ecosystem support required for long-term digital and economic growth.
Commenting on the partnership, Manoj Menda, chairman of the Supervisory Board, RMZ, said, “Large,
long-duration investments require more than capital; they require alignment, trust, and strong institutional frameworks.
Meanwhile, the Maharashtra’s emphasis on planned development and long-term economic value creation provides the right foundation for such partnerships.”
News Edit KV Raman
