RMZ, the group owned by the Menda family and Asia’s leading integrated alternative-assets platform on Thursday announced an investment partnership with Maharashtra Government entities Mumbai Metropolitan Region Development Authority (MMRDA) and City & Industrial Development Corporation of Maharashtra Ltd. (CIDCO) to facilitate investments of up to $30 billion in the Mumbai Metropolitan Region (MMR) over the next 10 years in a phased manner with the potential togenerate approximately 3 lakh direct and indirect jobs across the project lifecycle.
An agreement to this effect was signed at the World Economic Forum (WEF) Annual Meeting 2026 in Davos.
The collaboration is aimed at driving economic growth through FDI in 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, drawing on global best practices across real estate assets, infrastructure, logistics parks, and data centers.
MMRDA will facilitate land identification and aggregation, provide policy level support and planning along with the approval process for the project.
Additionally, as part of 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 supporting RMZ in obtaining all the necessary permissions, land allotments, approval and clearances from relevant government departments, in line with the existing policies and regulations of the Government of Maharashtra.
“This partnership is aligned 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 CIDCO spokesperson.
“Navi Mumbai is fast becoming the preferred destination for high-value data centre and digital infrastructure capabilities. Through this collaboration, CIDCO aims to enable planned, future-ready development by facilitating the necessary infrastructure, approvals and ecosystem support required for long-term digital and economic growth,” the spokesperson said.
Manoj Menda, Chairman, 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.”
“This strategic investment partnership reflects RMZ’s commitment to patient capital, sound governance, and building infrastructure platforms designed to deliver enduring economic outcomes,” he 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,” said Deepak Chhabria, President, RMZ Infrastructure.
“The partnership with MMRDA and CIDCO supports the next phase of expansion of our future-ready data centre and AI infrastructure aligned with global standards. Our focus remains on developing efficient, sustainable platforms that can support India’s growing digital and data-driven economy over the long term,” he added.
Published – January 22, 2026 09:02 pm IST
