Mumbai-based real estate and infrastructure group RMZ on Wednesday announced a strategic investment partnership with Maharashtra government agencies at the World Economic Forum (WEF) Annual Meeting 2026 in Davos, aimed at facilitating investments of up to $30 billion across the Mumbai Metropolitan Region over the next decade. 

The partnership involves the Mumbai Metropolitan Region Development Authority (MMRDA) and the City & Industrial Development Corporation of Maharashtra Limited (CIDCO), and is expected to generate around three lakh direct and indirect jobs across the lifecycle of the projects. 

RMZ, owned by the Menda family and positioned as Asia’s leading integrated alternative assets platform, said the collaboration is focused on driving economic growth through foreign direct investment (FDI) in urban, regional and infrastructure development. 

What is the agreement?

Under the agreement with MMRDA, RMZ will lead investment structuring and capital mobilisation, along with master planning, development and long-term asset management. The projects will span multiple asset classes, including real estate, infrastructure, logistics parks and data centres. MMRDA will support the initiative by facilitating land identification and aggregation, providing policy-level support, planning assistance and enabling approvals for projects. 

Data centre and commercial projects

As part of a separate association with CIDCO, RMZ will develop new data centre and commercial projects in Navi Mumbai. These projects are expected to commence in the 2026–27 financial year. CIDCO will support RMZ by facilitating land allotments, approvals, permissions and regulatory 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,” a CIDCO spokesperson said. The official added that Navi Mumbai is rapidly emerging as a preferred destination for high-value data centre and digital infrastructure investments. 

Commenting on the partnership, Manoj Menda, Chairman of the Supervisory Board at RMZ, said large, long-duration investments require strong institutional alignment and governance frameworks. “Maharashtra’s emphasis on planned development and long-term value creation provides the right foundation for such partnerships,” he said. 

Deepak Chhabria, President – RMZ Infrastructure, said Mumbai and its surrounding regions are becoming critical hubs in India’s digital and data-driven economy. RMZ currently operates around 230 MW of colocation capacity across its digital infrastructure platform. “This partnership supports the next phase of expansion of our future-ready data centre and AI infrastructure aligned with global standards,” he said. 

The collaboration aims to transform strategic locations into growth hubs, improve connectivity, accelerate infrastructure execution and enhance long-term investment confidence among global investors.