News on Medial

RMZ to invest over $2.2 billion in Indian real estate over 5 years

Money Control · 6m

- Alternate asset manager RMZ plans to invest $2.2 billion across various real estate verticals in the next five years. - RMZ aims to acquire an additional 10-15 million square feet of office space in major markets like Bengaluru, Chennai, Hyderabad, Mumbai-MMR, Delhi-NCR, and Pune by 2025. - RMZ prefers developing large office parks in Bengaluru, preferably between 50 and 70 acres, and is in talks with landowners for potential acquisitions. - The company is also expanding its presence in Mumbai and Pune with ongoing construction projects totaling 3 million square feet in Pune and 4 million square feet in Mumbai. - RMZ plans to expand its operations offshore, potentially targeting markets like the US and the UK, and sees a growing demand for office spaces from GCCs (global capability centers) in India.