RMZ, Asia’s leading integrated alternative-assets platform owned by the Menda family, has announced a strategic investment partnership with the Mumbai Metropolitan Region Development Authority (MMRDA) and City & Industrial Development Corporation of Maharashtra Limited (CIDCO) at the World Economic Forum (WEF) Annual Meeting 2026 in Davos.
Under this partnership, RMZ will facilitate investments of up to USD 30 billion across the Mumbai Metropolitan Region over the next ten years, with the potential to generate approximately 3 lakh direct and indirect jobs. The collaboration is aimed at accelerating foreign direct investment (FDI) in urban, regional, and infrastructure development.
As part of the association with MMRDA, RMZ will lead investment structuring, capital mobilisation, master planning, development, and long-term asset management, drawing on global best practices across real estate, infrastructure, logistics parks, and data centres. MMRDA will support land identification, aggregation, and policy-level approvals.
Additionally, RMZ will partner with CIDCO to develop new data centre and commercial projects in Navi Mumbai, commencing in FY 2026–27. CIDCO will facilitate permissions, land allotments, and clearances in line with Maharashtra’s regulatory framework.
A CIDCO spokesperson noted: “This partnership aligns with Maharashtra’s vision to attract large-scale technology-led infrastructure projects, strengthen digital resilience, and support India’s growing demand for data-driven services. Navi Mumbai is fast becoming the preferred destination for high-value data centre and digital infrastructure capabilities.”
Mr. Manoj Menda, Chairman – Supervisory Board, RMZ, said: “Large, long-duration investments 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. This reflects RMZ’s commitment to patient capital, sound governance, and building infrastructure platforms designed to deliver enduring outcomes.”
Mr. Deepak Chhabria, President – RMZ Infrastructure, added: “Mumbai and its surrounding regions are emerging as critical hubs in India’s digital infrastructure and data-driven economy. With existing colocation capacity of ~230 MW, this partnership supports the next phase of expansion of our future-ready data centre and AI infrastructure aligned with global standards.”
The collaboration aims to transform strategic locations into thriving growth hubs, improve connectivity, and accelerate key infrastructure projects, thereby driving economic growth and long-term investment certainty for global capital.
.jpg)
