Bengaluru-based RMZ Group plans to invest up to USD 30 billion (around ₹2.5 lakh crore) in the Mumbai Metropolitan Region over the next 10 years. The announcement was made at the World Economic Forum 2026 in Davos, in collaboration with the Mumbai Metropolitan Region Development Authority (MMRDA) and CIDCO.
The investment will cover real estate, infrastructure, logistics parks, and data centres, with a focus on emerging hubs such as Navi Mumbai. These projects are expected to generate around 300,000 direct and indirect jobs, boosting the region’s economy and supporting sustainable urban growth.
MMRDA will support the initiative by identifying land parcels and streamlining planning processes, while CIDCO will provide assistance with land allotments, approvals, and project clearances. The first phase of development is scheduled to start in the 2026‑27 fiscal year.
Founded in 2002, RMZ Group is a private alternative assets platform with a diverse portfolio that includes premium office spaces, mixed-use developments, data infrastructure, and logistics facilities. The company currently manages over 70 million sq ft of real estate across multiple Indian cities, with assets valued at more than USD 20 billion.
This long-term investment comes amid growing demand for commercial and digital infrastructure in Mumbai. It also aligns with government efforts to attract foreign investment and strengthen urban infrastructure, positioning the city as a key economic and growth hub for the next decade.
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