RMZ announced a strategic investment partnership with Maharashtra government agencies MMRDA and CIDCO at the World Economic Forum Annual Meeting 2026 in Davos to facilitate large-scale infrastructure investments in the Mumbai Metropolitan Region.
The partnership aims to enable investments of up to USD 30 billion over a ten-year period, with the potential to create around 3 lakh direct and indirect jobs. The initiative is focused on accelerating FDI inflows into urban and regional infrastructure projects.
As part of the agreement with MMRDA, RMZ will oversee investment structuring, capital mobilisation, master planning, development and long-term asset management across sectors including real estate, logistics parks, infrastructure and data centres. MMRDA will assist with land aggregation, planning support and approvals.
RMZ’s collaboration with CIDCO will involve the development of new commercial and data centre projects in Navi Mumbai, expected to commence in FY 2026–27. CIDCO will support regulatory approvals and land allotments.
“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,” said a CIDCO spokesperson.
Mr. Manoj Menda and Mr. Deepak Chhabria highlighted RMZ’s commitment to long-term infrastructure development and its existing digital infrastructure footprint of approximately 230 MW.
The partnership is expected to strengthen Maharashtra’s position as a hub for digital and infrastructure-led growth.
