RMZ, the Menda family-owned group and an integrated alternative-assets platform in Asia, 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 (WEF) Annual Meeting 2026 in Davos.
Under the partnership, RMZ will facilitate investments of up to USD 30 billion across the Mumbai Metropolitan Region over the next ten years in a phased manner. The collaboration has the potential to generate approximately 3 lakh direct and indirect jobs across the project lifecycle and is aimed at accelerating foreign direct investment (FDI) into urban, regional and infrastructure development.
As part of the partnership with MMRDA, RMZ will lead investment structuring and capital mobilisation, along with master planning, development and long-term asset management. The projects will draw on global best practices across real estate assets, infrastructure, logistics parks and data centres. MMRDA will support the initiative through land identification and aggregation, policy-level support, planning and approvals.
Separately, under the association with CIDCO, RMZ will develop new data centre and commercial projects in Navi Mumbai. The project is expected to commence in the financial year 2026-27, with CIDCO facilitating land allotments, permissions, approvals and statutory clearances in line with Maharashtra government policies.
“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.
Commenting on the partnership, Mr. Manoj Menda, Chairman – Supervisory Board, RMZ, said, “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.”
Mr. Deepak Chhabria, President – RMZ Infrastructure, said, “Mumbai and its surrounding regions are emerging as critical hubs in India’s digital infrastructure and data-driven economy. RMZ already has an existing colocation capacity of approximately 230 MW across its digital infrastructure platform, including assets in and around Mumbai.”
The collaboration aims to transform strategic locations into growth hubs, improve connectivity and accelerate infrastructure development, strengthening long-term investment confidence for global capital.
