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Sign in Sign up for a FREE subscriptionRMZ Corp. makes $1b JV with Mitsui Fudosan
RMZ Corp., a Bengaluru, India–based privately owned real estate company, has formed a 50-50 partnership of up to $1 billion with Tokyo-based Mitsui Fudosan (Asia) Pte Ltd.
It will be Mitsui Fudosan’s first investment in India.
The first development undertaken with this joint venture is a 3.5 million-square-foot development named RMZ Ecoworld 30, located on the Outer Ring Road. The first phase has already commenced and will be operational in 2022.
The partnership will also invest in other major Indian cities such as Mumbai and Delhi-NCR alongside Bengaluru.
The partnership is part of RMZ Corp’s expansion plan of developing 85 million square feet under management.
