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RMZ Corp restructures, targets assets worth USD 25 billion by 2029

Bengaluru-based RMZ Corporation has announced plans to focus on five key sectors and generate assets worth $25bn over the next five years. The real estate firm will concentrate on office, luxury residential, mixed-use, industrial and logistics, and hospitality segments. RMZ has also appointed CEOs for each sector. It plans to develop a portfolio of 10 million sq ft of commercial office space valued at $10bn, 15 million sq ft of mixed-use space valued at $8bn, and 62 million sq ft of industrial and logistics assets worth $3bn. The firm also plans to build over 10 hotels and five luxury condos. | Mumbai news ....

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RMZ rejigs top leadership team, targets $42 billion AUM by 2029

The firm has set up a new governance structure with two boards – the supervisory board led by brothers Raj Menda and Manoj Menda and the familys second generation, Sidharth and Mihir, and an executive board comprising non-family senior leaders from diverse industry backgrounds overseeing each of the firms businesses. ....

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