RMZ to invest $7 bn to enter four new realty asset classes

RMZ Corp. plans to invest about $7 billion equity, as the Bengaluru-based real estate developer diversifies into four new asset classes - industrial and logistics, hospitality, mixed-use and luxury residential development. The capital will also be used to expand its core commercial office business.

- Madhurima Nandy

RMZ will raise part of the $7 billion of investment planned from institutional investors, and the remaining would be funded by the company’s capital reserves.

“We will invest the capital to create assets under management worth $25 billion in the next 5 years across various real estate businesses," Arshdeep Sethi, president of RMZ Real Estate, said in an interview.

RMZ’s existing investors include Canada’s CPP Investments and Japan’s Mitsui Fudosan Asia Pte. Ltd, who have funded its projects in recent years.