RMZ Partners MMRDA and CIDCO for $30 Billion Investment Plan in Mumbai Region

Bengaluru-based real estate and infrastructure developer RMZ has entered into a major strategic investment partnership with the Mumbai Metropolitan Region Development Authority (MMRDA) and the City & Industrial Development Corporation of Maharashtra (CIDCO) to catalyse large-scale infrastructure and digital development across the Mumbai Metropolitan Region (MMR), as per news report. 

Key Development 

The agreement, signed at the World Economic Forum Annual Meeting 2026 in Davos, aims to facilitate investments of up to $30 billion over the next 10 years.  

The phased deployment is expected to generate nearly 3 lakh direct and indirect employment opportunities over the project lifecycle.  

The partnership focuses on attracting foreign direct investment into urban development, commercial real estate, digital infrastructure and large-scale regional projects. 

Under the collaboration, RMZ will also develop new data centre and commercial projects in Navi Mumbai, with project execution expected to begin from FY27. CIDCO will provide facilitation support including land allotment, statutory approvals, permissions and clearances in line with Maharashtra government policies. 

Management Statements & Strategic Outlook 

“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. 

Commenting on the partnership, 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." 

Deepak Chhabria, President, RMZ Infrastructure, 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.” 

Read More: RMZ Partners with Andhra Pradesh Govt to Drive $10 Billion in Investments! 

Conclusion 

The $30 billion investment partnership positions RMZ, MMRDA and CIDCO at the centre of Mumbai’s next phase of infrastructure-led economic growth, with a strong focus on digital ecosystems and long-term regional development. 

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