RMZ and CPPIB to Invest $750 Million in Mumbai Commercial Project

13 Dec 2024 CW Team

RMZ, in partnership with the Canada Pension Plan Investment Board (CPPIB), plans to develop a commercial project named RMZ Nexus on Jogeshwari-Vikhroli Link Road in Mumbai, with an investment of $750 million.

The project will span 3.74 million square feet and feature six towers on a 10.94-acre site. It is expected to be completed by 2027.

In August 2024, RMZ Corporation and CPP Investments had finalized the sale of One Paramount 1 to Singapore-based Keppel for $264 million.

One Paramount 1 is part of the One Paramount complex, a grade A office property in Chennai developed through the real estate joint venture between RMZ and CPP Investments. The project covers 12.6 acres of land, with 2.4 million square feet of leasable space.

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