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{{short description|Indian real estate company}}
{{Infobox company
| name = RMZ
| logo = RMZ Corp logo.svg
| logo_size = 300px
| type = Private
| traded_as =
| foundation = 2002
| location = [[Bengaluru]], India
| key_people = Arjun Menda (Group Chairman)<br>Raj Menda (Chairman)<br>Manoj Menda (Chairman)<ref name="p979">{{cite web | last=Keshavdev | first=V. | title=Transparency, governance in real estate can attract funds from $350 bn global dry powder: RMZ’s Menda | website=FortuneIndia | date=15 May 2024 | url=https://www.fortuneindia.com/enterprise/transparency-governance-in-real-estate-can-attract-funds-from-350-bn-global-dry-powder-rmzs-menda/116813 | access-date=30 Sep 2024}}</ref>
| industry = Financial Services
| founder = Arjun Menda<br>Raj Menda<br>Manoj Menda
| area_served = India
| products = Commercial offices, Industrial parks, Residential apartments, Mixed-use developments, Data centres
| revenue =
| num_employees = 500+
| assets =
| website = {{URL|https://www.rmz.com/}}
}}

'''RMZ''' is an Indian privately owned [[alternative asset]] company, headquartered in [[Bengaluru]].<ref name="businessindia">{{cite news |last1=Gupta |first1=Arbind |title=RMZ: Building spaces of future |url=https://businessindia.co/magazine/rmz-building-spaces-of-future |publisher=[[Business India]] |date=June 25, 2022}}</ref> The company has developed projects in [[Bengaluru]], [[Chennai]], [[Hyderabad]], [[Delhi NCR]], [[Pune]], and [[Mumbai]].<ref name=businessindia/><ref name="Bureau 2023 o059">{{cite web | title=RMZ plans to double its real estate business to $40 billion by 2029 | website=ETRealty.com | date=2023-11-22 | url=https://realty.economictimes.indiatimes.com/news/industry/rmz-corporation-plans-to-double-its-real-estate-business-to-40-billion-by-2029/105422821#:~:text=Furthermore%2C%20one-fifth%20of%20our,billion%20over%20next%20five%20year. | access-date=2023-12-01}}</ref>

==History==
RMZ was founded in 2002 by Arjun Menda and his sons, Raj and Manoj Menda, who were associated with the [[K Raheja Corp|K Raheja Group]], managing operations in the southern region during the late 1990s. RMZ executed its first project in Bangalore in 2002.<ref name=businessindia/><ref>{{cite news |last1=Mohapatra |first1=Debasis |title=Here's why Menda brothers' RMZ is set to enter its next growth phase |url=https://www.business-standard.com/article/companies/menda-brothers-professional-realty-play-118112600011_1.html |publisher=[[Business Standard]] |date=November 26, 2018}}</ref>

In 2012, RMZ introduced residential real estate projects such as Latitude, Saawan, and Galleria. In February 2012, it received a $100 million investment from private equity firm Baring Private Equity Partners (BPEP).<ref>{{cite news |last1=Kurian |first1=Boby |last2=Phadnis |first2=Shilpa |title=Baring, RMZ set to seal 500cr Bangalore IT park deal |url=https://timesofindia.indiatimes.com/business/india-business/baring-rmz-set-to-seal-500cr-bangalore-it-park-deal/articleshow/11722036.cms |publisher=[[The Times of India]] |date=February 2, 2012}}</ref> [[Qatar Investment Authority]] (QIA) invested $300 million in RMZ in 2013, acquiring a 21% stake. In December 2015, the company acquired 0.8 million sq ft in Gurgaon from the real estate company BPTP for approximately $150 million.<ref name=QIA>{{cite news |last1=Das |first1=Avik |title=RMZ buys Gurgaon IT park for $150 million from BPTP |url=https://timesofindia.indiatimes.com/business/india-business/rmz-buys-gurgaon-it-park-for-150-million-from-bptp/articleshow/50372664.cms |publisher=[[The Times of India]] |date=September 29, 2015}}</ref><ref>{{cite web |last1=Kumar |first1=V. Rishi |title=RMZ in rapid expansion mode; scouts for acquisitions |url=https://www.thehindubusinessline.com/news/real-estate/rmz-corp-in-rapid-expansion-mode-scouts-for-acquisitions/article9904784.ece |publisher=[[The Hindu Business Line]]|date=13 October 2017 |language=en}}</ref><ref>{{cite news |last1=Khan |first1=Sobia |title=RMZ eyeing assets across cities to expand portfolio |url=https://economictimes.indiatimes.com/industry/services/property-/-cstruction/rmz-corp-eyeing-assets-across-cities-to-expand-portfolio/articleshow/67844601.cms |publisher=[[The Economic Times]] |date=5 February 2019}}</ref>

In 2016, the company launched a co-working space business called CoWrks.<ref>{{cite news |last1=Kulkarni |first1=Narayan |title=CoWrks to expand operations |url=https://www.deccanherald.com/content/577242/cowrks-expand-operations.html |publisher=[[Deccan Herald]] |date=October 23, 2016}}</ref><ref>{{cite news |last1=Kamath |first1=Raghavendra |title=Brookfield in talks to buy RMZ's co-working solution provider CoWrks |url=https://www.business-standard.com/article/companies/brookfield-in-talks-to-buy-rmz-s-co-working-solution-provider-cowrks-120082601725_1.html |publisher=[[Business Standard]] |date=August 27, 2020}}</ref>

In 2018, RMZ acquired [[Essar Group]]'s Equinox Business Park, a 1.25 million sq. ft office space in [[Mumbai]]'s [[Bandra Kurla Complex|Bandra-Kurla Complex]] for around ₹2,400 crore.<ref>{{cite news |last1=Sapan |first1=Bidya |title=RMZ. buys Essar’s Equinox Business Park for Rs2,400 crore |url=https://www.livemint.com/Companies/AvSpFfNAXyTgKiFkRPIiRK/Essar-sells-business-park-in-Mumbai-for-Rs2400-crore.html |publisher=[[Livemint]] |date=February 3, 2016}}</ref> In the same year, the company repurchased shares from [[Qatar Investment Authority]] in a deal worth nearly $1 billion.<ref>{{cite news |last1=Khan |first1=Sobia |title=Office space firm RMZ raising Rs 2,060 crore from Qatar fund |url=https://economictimes.indiatimes.com/industry/services/property-/-cstruction/office-space-firm-rmz-raising-rs-2060-crore-from-qatar-fund/articleshow/64850633.cms |publisher=[[The Economic Times]] |date=4 July 2018}}</ref><ref>{{cite web |last1=Giriprakash |first1=N. Ramakrishnan & K. |title=RMZ Group to buy out Baring PE, Qatar Investment Authority combined stake |url=https://www.thehindubusinessline.com/news/rmz-group-to-buy-out-baring-pe-qatar-investment-authority-combined-stake/article23549711.ece |publisher=[[The Hindu Business Line]]|date=15 April 2018 |language=en}}</ref> In 2019, RMZ and DB Realty jointly acquired the [[Kamal Amrohi]]'s film studio [[Kamalistan Studios|Kamalistan]], located in Mumbai.<ref>{{cite news |last1=Kurian |first1=Boby |title=The end: Kamal Amrohi's six-decades-old studio to be converted into Rs 21,000 cr office park |url=https://economictimes.indiatimes.com/magazines/panache/the-end-kamal-amrohis-six-decades-old-studio-to-be-converted-into-rs-21000-cr-office-park/articleshow/69719540.cms |publisher=[[The Economic Times]] |date=June 10, 2019}}</ref>

In January 2020, RMZ formed a US$1 billion joint venture with a Japanese real estate company [[Mitsui Fudosan]] to develop commercial projects in India.<ref name="Mitsui">{{cite news |date=January 30, 2020 |agency=Press Trust of India |title=RMZ forms joint venture with Japanese firm for commercial projects |url=https://www.hindustantimes.com/real-estate/rmz-corp-forms-joint-venture-with-japanese-firm-for-commercial-projects/story-QBorstBqTckBldiS5KAvUJ.html |publisher=[[Hindustan Times]]}}</ref>
In August 2020, the company sold 18% of its commercial real estate and co-working business to [[Brookfield Corporation|Brookfield]] for $2 billion.<ref>{{cite news |last1=Ramnani |first1=Vandana |title=India’s biggest-ever property deal: Bengaluru-headquartered RMZ sells assets worth $2 billion to Brookfield |url=https://www.moneycontrol.com/news/business/real-estate/indias-biggest-ever-property-deal-bengaluru-based-rmz-corp-sells-assets-worth-2-billion-to-brookfield-5986111.html |publisher=[[Moneycontrol.com]] |date=October 20, 2020}}</ref><ref>{{cite news |last1=Dhamija |first1=Anshul |title=Big real estate deal shows office isn't going away |url=https://www.fortuneindia.com/enterprise/big-real-estate-deal-shows-office-isnt-going-away/104796 |publisher=[[Fortune India]] |date=October 20, 2020}}</ref>

In April 2021, [[Canada Pension Plan Investment Board]] invested around $210 million in a joint venture with RMZ to develop and hold commercial office space in [[Chennai]] and [[Hyderabad]].<ref name=CPPIB>{{cite news |last1=Das |first1=Avik |title=Canada Pension to invest $210 million with RMZ to develop office parks |url=https://timesofindia.indiatimes.com/business/india-business/canada-pension-to-invest-210-million-with-rmz-to-develop-office-parks/articleshow/82026181.cms |publisher=[[The Times of India]] |date=April 21, 2021}}</ref> Later in March 2022, a second joint venture with the Canada Pension Plan Investment Board (CPPIB) was announced, in which CPPIB invested $355 million (around {{INR}}2,650 crore) for the development of commercial projects in India.<ref>{{cite news |last1=Suvarna |first1=Anuj |title=Canada’s CPPIB To Invest $350 Mn In JV With Bengaluru Realty Firm RMZ|url=https://www.vccircle.com/canada-s-cppib-to-invest-350-mn-in-jv-with-bengaluru-realty-firm-rmz-corp |publisher=[[VCCircle]] |date=March 3, 2022}}</ref><ref>{{cite news |last1=Shah |first1=Barkha |title=RMZ eyes 2 more commercial realty projects in Hyderabad |url=https://www.business-standard.com/article/pf/rmz-corp-eyes-2-more-commercial-realty-projects-in-hyderabad-105011201084_1.html |publisher=[[Business Standard]] |date=February 6, 2013}}</ref><ref>{{cite news |last1=Dhamija |first1=Anshul |title=RMZ signs mega office deals in Bangalore |url=https://timesofindia.indiatimes.com/business/india-business/rmz-signs-mega-office-deals-in-bangalore/articleshow/34853784.cms |publisher=[[The Times of India]] |date=May 9, 2014}}</ref><ref>{{cite news |last1=Babar |first1=Kailash |last2=Khan |first2=Sobia |title=Boeing India arm picks up office space in Bengaluru |url=https://economictimes.indiatimes.com/industry/services/property-/-cstruction/boeing-india-arm-picks-up-office-space-in-bengaluru/articleshow/68881917.cms |publisher=[[The Economic Times]] |date=April 15, 2019}}</ref>

In November 2024, RMZ expanded its operation including residential (RMZ Living), hospitality (RMZ Hospitality), mixed-use developments (RMZ Mixed-Use), industrial and logistics (RMZ NXT), office spaces (RMZ Office), and infrastructure (RMZ Infrastructure).<ref name="m358">{{cite web | title=RMZ rejigs top leadership team, targets $42 billion AUM by 2029 | website=The Economic Times | date=22 Nov 2023 | url=https://m.economictimes.com/industry/services/property-/-cstruction/rmz-rejig-top-leadership-team-targets-42-billion-aum-by-2029/articleshow/105421291.cms | access-date=26 Sep 2024}}</ref>

== CSR ==
RMZ Foundation is the [[Corporate social responsibility|CSR]] arm of the company, founded in 2015, led by Anu Menda as the managing trustee. The foundation operates with a focus on art, [[Community resilience|resilient communities]], and urban innovation.<ref>{{cite news |last=Meyer |first=Denise |date=February 24, 2019 |title=New initiative will fund innovative solutions in health care |url=https://medicine.yale.edu/news-article/new-initiative-will-fund-innovative-solutions-in-health-care/ |work=Yale School of Medicine |publisher=[[Yale University]]}}</ref> The organization has installed artworks at RMZ Ecoworld, including sculptures by contemporary artists such as [[Subodh Gupta]], Ravinder G Reddy, [[Dhruva Mistry]], [[Paresh Maity]], Arunkumar H G, and [[Jayasri Burman]].<ref>{{cite news |last1=Kappan |first1=Rasheed |title=A new tech space designed for art |url=https://www.deccanherald.com/content/621175/a-tech-space-designed-art.html |publisher=[[Deccan Herald]] |date=July 6, 2017}}</ref><ref>{{cite news |last1=Govind |first1=Ranjani |title=The art of beautifying public spaces |url=http://www.thehindu.com/entertainment/art/a-lot-on-this-plate/article23813166.ece |publisher=[[The Hindu]] |date=July 21, 2017}}</ref><ref>{{cite news |title=Urban Works Challenge open |url=https://www.thehindubusinessline.com/news/urban-works-challenge-open/article25031198.ece |publisher=[[The Hindu Business Line]] |date=September 24, 2018}}</ref> In 2019, RMZ Foundation established the Sustainable Health Initiative, a business accelerator supporting healthcare startups.<ref>{{cite news |title=Yale-India business accelerator to promote innovative health solutions |url=https://news.yale.edu/2019/07/09/yale-india-business-accelerator-promote-innovative-health-solutions |publisher=Yale News, [[Yale University]] |date=July 9, 2019}}</ref><ref>{{cite news |author=Staff Writer |date=June 8, 2019 |title=A sustainable health initiative launched |url=https://www.healthcareradius.in/clinical/24016-a-sustainable-health-initiative-launched |publisher=Healthcare Radius}}</ref>

==References==
{{Reflist}}

[[Category:Real estate companies established in 2002]]
[[Category:Indian companies established in 2002]]
[[Category:Real estate companies of India]]

RMZ - Revision history

Keem Fame rich: new entry.