RMZ has announced plans to invest ₹35 billion over the next five years to expand across data centres, AI factories, commercial real estate, and residential projects. At the same time, the company is actively evaluating an Initial Public Offering (IPO) to secure long-term capital and strengthen its growth trajectory.
Out of the total planned investment, approximately 50% will be allocated to digital infrastructure. In fact, RMZ stated that it “plans to invest over $35 billion in India over the next five years across co-location data centres, artificial intelligence factories, mixed-use commercial office developments, and a return to residential projects, with funding expected through a balanced mix of debt and equity.”
Moreover, the company is increasingly optimistic about the data centre segment, especially after the Union Budget 2026-27 proposed a 21-year tax holiday for foreign cloud providers using India-based data centres. As a result, the sector has already attracted around $70 billion in committed investments, with an additional $90 billion in announced projects nationwide.
“Roughly half of the $35 billion will go into digital infrastructure. RMZ, in partnership with Colt, a subsidiary of Devonshire, the family office of Fidelity’s Abigail Johnson, is building co-location data centres across Navi Mumbai, Chennai, Visakhapatnam, Hyderabad, and Bengaluru,” the company said.
In the near term, RMZ plans to add significant capacity, including 750 megawatts in Navi Mumbai and between 485 and 500 megawatts in Visakhapatnam, following a formal agreement with the Andhra Pradesh government. Consequently, the group aims to achieve a total of 1.5 gigawatts of co-location capacity in India within five years, backed by a capital investment of $12–$15 billion.
Additionally, RMZ has established a dedicated entity to build AI factory capabilities on top of its existing infrastructure. This initiative will offer GPU-as-a-service solutions to cloud providers and AI companies looking to scale operations in India, thereby strengthening the country’s AI ecosystem.
Meanwhile, the remaining capital will be deployed across commercial real estate, with a strong focus on Global Capability Centres (GCCs). By 2030, India expects to host more than 2,400 GCCs employing over 2.8 million professionals, creating substantial demand for premium office spaces. In line with this trend, RMZ is targeting nearly 20% of annual commercial office absorption nationwide.
Furthermore, the company is diversifying into retail formats built around experiential offerings, luxury business and leisure hospitality, industrial and logistics assets, and its Signature Offices product. This innovative model enables both retail and institutional investors to directly own Grade-A commercial office assets, thereby broadening investment opportunities.
“The way we look at it, we need permanency of capital. And the only way you can get permanent capital is if you tap into the public markets. So all these years, we have built partnerships along with some great sovereign pension funds and strategic investors, and that has gotten us to where we are today,” said Manoj Menda, Co-Founder and Chairman, Supervisory Board, RMZ.
RMZ’s ambitious investment plan underscores its confidence in India’s digital infrastructure and real estate growth story. By combining large-scale data centre expansion, AI capabilities, and diversified real estate development, the company is positioning itself as a key player in the next phase of India’s economic and technological transformation. Additionally, a potential IPO could further strengthen its capital base and accelerate long-term growth.
