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Bengaluru-based RMZ Corporation, a prominent real estate developer, has unveiled an ambitious $7 billion investment plan spanning the next five years. Raj Menda and Manoj Menda lead the company in embarking on significant developments, encompassing 125 million square feet in projects valued at $25 billion. This diversification strategy ventures beyond the historical emphasis on Grade-A office complexes, now including luxury residences, mixed-use developments, industrial and logistics spaces, office facilities, and forays into the hospitality sector. The strategic projects will unfold across major cities, including Mumbai, Bengaluru, Delhi, and Hyderabad. The company's strategic decision to diversify marks a significant shift in its real estate strategy. This includes venturing into luxury living, mixed-use developments, office spaces, industrial and logistics, and hospitality. Arshdeep Sethi, appointed as the President of RMZ Real Estate, is set to play a pivotal role in steering the company towards its ambitious growth trajectory. In discussions with Moneycontrol, Sethi outlined the company's substantial $7 billion equity investment plan for the development of 125 million square feet across diverse sectors including hospitality, ultra-luxury, residential, office space, industrial, logistics, and mixed use, totaling $25 billion in the next five years. This considerable investment will be funded through internal accruals and by establishing an investment platform in collaboration with global institutional investors. To ensure a balanced allocation of funds, Sethi specified that half of the equity investment will target mixed-use and office segments, while the remaining portion will be channelled to residential, hospitality, industrial, and logistics segments. Further detailing RMZ Corp's expansion strategy, Sethi revealed plans for developing five ultra-luxury residential projects by 2028–29, involving an investment of around $0.6 billion. These projects are slated for launch in major metropolitan areas like Mumbai, Gurugram, and Delhi, with ongoing land acquisition for a project in Gurugram. The company's foray into the hospitality sector includes the launch of ten business and leisure hotels, with business-centric establishments planned for cities like Mumbai, Delhi, Bengaluru, and Chennai, and leisure-oriented hotels in Goa and Rajasthan. The cumulative investment in these hospitality projects is estimated to be around $3.1 billion. RMZ Corp.'s industrial and warehousing expansion initiative includes developing 62 million square feet of space, valued at $3.6 billion. The strategic plan involves establishing logistics parks in Bengaluru and Chennai to capitalize on the growing demand in these regions. The transformation and diversification undertaken by RMZ Corporation reflect the family's resolute commitment to growth and expansion within alternate investment classes. Raj and Manoj Menda, Chairs of the Supervisory Board of RMZ Corporation, conveyed their dedication to investing in high-growth opportunities globally, laying the groundwork for a sustainable global economy.
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