RMZ, a Bengaluru-based alternate asset manager, has announced plans to invest approximately $2.2 billion (around ₹18,000 crore) in the Indian real estate sector over the next five years. The investment strategy includes various verticals, such as office, hospitality, and residential real estate. CEO Thirumal Govindraj revealed these details in an interview with Moneycontrol, emphasizing that the capital will be allocated to both greenfield developments and strategic acquisitions across asset classes.
In recent years, RMZ has expanded its footprint to major cities like Mumbai and Pune, where it currently has around 3 million square feet of office space under construction in Pune and nearly 4 million square feet in Mumbai. The company aims to further strengthen its presence in key real estate markets, including Bengaluru, Chennai, Hyderabad, Mumbai-MMR, Delhi-NCR, and Pune, with an estimated 17-18 million square feet of office space already under construction.
Govindraj stated that RMZ is open to exploring joint ventures, outright purchases, and partnerships with fund investors for these acquisitions. The company recently completed the first phase of its development project at RMZ Ecoworld in Bengaluru and plans to deliver two more phases by 2025 and 2026. The entire development pipeline, encompassing 17-18 million square feet, is anticipated to be completed by 2028, with varying stages of progress throughout this period.
Additionally, RMZ may announce several new greenfield projects in the first quarter of the upcoming calendar year, further solidifying its commitment to growth in the Indian real estate market. The company is also scouting for offshore opportunities in markets such as the United States and the United Kingdom.
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