Key Highlights: RMZ–MMRDA–CIDCO Investment Partnership
- RMZ has partnered with MMRDA and CIDCO at WEF Davos 2026 to facilitate up to $30 billion of investments in the Mumbai Metropolitan Region over the next 10 years.
- The partnership positions RMZ as a key private-sector catalyst for attracting large-scale FDI across real estate, mixed-use, logistics, and digital infrastructure assets.
- The phased investments are expected to create around 3 lakh direct and indirect jobs over the project lifecycle, supporting regional economic growth.
- The collaboration includes plans for data centres and commercial developments in Navi Mumbai, emerging as a major digital infrastructure hub; projects likely to begin in 2026–27.
- CIDCO will facilitate land allotments, approvals, and clearances, reducing development risk and enabling timely execution of long-duration infrastructure investments.
RMZ, Bengaluru, based real estate and infrastructure platform, just revealed that the Mumbai Metropolitan Region Development Authority (MMRDA) and the City & Industrial Development Corporation of Maharashtra Limited (CIDCO) signed a strategic investment partnership agreement at the World Economic Forum Annual Meeting 2026, held in Davos. It was decided to collaborate in the mobilization of investments to the tune of $30 billion in the Mumbai Metropolitan Region over the next 10 years.
This partnership, which was announced in the presence of Maharashtra Chief Minister Devendra Fadnavis, makes RMZ the key driver as a private-sector player in the generation of large volumes of foreign direct investments (FDI)s in the region. This, as the company claims, will happen in a variety of asset classes, including real estate, mixed-use, logistics, and digital real estate.
The Mumbai Metropolitan Region (MMR) emerged as India’s most active real estate market for land transactions in 2025, clocking 32 land deals covering over 500 acres, according to data released by ANAROCK Research.
The region accounted for over 13 per cent of the total land transacted across the country during the year. The transactions in MMR were spread across residential, commercial, data centres, industrial, plotted developments and mixed-use projects.
Overall, at least 126 land deals involving more than 3,772 acres were closed across India in 2025, compared with 133 deals spanning around 2,514 acres in 2024. While the number of transactions was marginally lower year-on-year, the total land area transacted in 2025 significantly surpassed that of the previous year. In 2024, MMR had closed at least 30 land deals covering over 607 acres.
"Under this strategic partnership, RMZ will facilitate an investment commitment worth $30 billion in the Mumbai Metropolitan Region in a phased manner over a period of 10 years, with a prospect to create 3 lakhs of jobs directly and indirectly over the project life cycle,” said a company statement.
The partnership is part of the Maharashtra government's broader strategy to transform Mumbai into a global hub for finance, technology, and data- driven infrastructure sectors. Apart from driving economic growth by attracting more FDI in urban, regional, and infrastructure development, the plan is to digitally and economically enhance the state's long- term resilience.
RMZ, a privately held alternative asset company, owns and operates commercial real estate at the premium level, mixed- use developments, logistics, hospitality, and digital infrastructure platforms. Through the MMRDA and CIDCO partnership, the company is anticipating fast, tracking their large, scale projects which need the intervention of both public authorities and private capital.
The association also provides for the development of new data centre and commercial projects by RMZ at Navi Mumbai, a fast-emerging hub for digital infrastructure on account of its planned layout, proximity to Mumbai, and improving connectivity. This project is likely to be initiated in 2026-27.
CIDCO will assist RMZ in land allotments, statutory approvals and clearances from various government departments, in consonance with the currently declared policies and regulations of the Government of Maharashtra. The institutional support will seek to ensure timely implementation and mitigate the development risks for the long-term infrastructure investment.
“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.
While highlighting the strategic importance of Navi Mumbai on a growth path, the spokesperson pointed out that Navi Mumbai was fast becoming the destination of choice for high-value data centre and digital infrastructure capability. This agreement, CIDCO aims to enable planned future-readiness through easy facilitation of required infrastructure, approvals, and ecosystem support necessary for long-term digital and economic growth.
Commenting on the partnership, Manoj Menda, Chairman of the Supervisory Board, RMZ, underscored the importance of institutional alignment for large-scale investments. “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,” he said.
With the global investors increasingly looking for stable and government-supported urban markets around the world, the collaboration between RMZ, MMRDA, and CIDCO indicates the rising confidence in the Mumbai metropolitan region’s ability to attract capital in the future and provide future-ready infrastructure.
