Bengaluru-based RMZ Corp, in partnership with the Canada Pension Plan Investment Board (CPPIB), plans to invest USD 750 million in redeveloping the iconic Kamal Amrohi Studio into a modern office complex named RMZ Nexus. Situated along Jogeshwari-Vikhroli Link Road (JVLR), the 10.94-acre project spans 3.74 million square feet across six towers. The project, scheduled for completion by 2027, will include direct metro integration and offer diverse amenities such as retail spaces, fine dining, wellness zones, and sky bars. RMZ aims to reshape Mumbai's commercial real estate landscape, underlining its commitment to India's growing economy.
Bengaluru-based RMZ Corp and the Canada Pension Plan Investment Board (CPPIB) have announced plans to invest USD 750 million in redeveloping the historic Kamal Amrohi Studio site in Mumbai. The project, named RMZ Nexus, will transform the 10.94-acre location on Jogeshwari-Vikhroli Link Road (JVLR) into a premium office park. This prime location connects Mumbai's western and eastern express highways, enhancing the site's accessibility.
The 3.74 million-square-foot project will consist of six towers and is expected to be completed by 2027. RMZ Corp highlighted that the office park will feature direct metro integration, connecting Mumbai's west and east corridors, along with easy access to South Mumbai. Additionally, the development will include concept retail outlets, gourmet dining, informal marketplaces, sky bars, social clubs, and a wellness zone, offering a comprehensive work-life balance.
Company officials noted that the project aligns with their vision of contributing to Mumbai's commercial growth and India's booming economy. They emphasised that the investment signifies their confidence in India's real estate sector, which has seen robust office leasing activity this year, with Mumbai, Delhi-NCR, Hyderabad, and Bengaluru leading demand for prime office spaces.
RMZ's track record includes the delivery of 75 million square feet of premium construction, with its office portfolio boasting over 98% occupancy. With more than 800 enterprise tenants, including major global firms like UPS Technologies, Haleon, Planview, Booking Holdings, and HSBC Software, RMZ is expanding its footprint across strategic markets.
Earlier this year, RMZ leased 360,000 square feet of office space in its RMZ Ecoworld campus in Bengaluru to Chevron Global Technology & Services Private Limited, reflecting the continued demand for high-quality office spaces.
RMZ's partnership with CPPIB reflects a shared vision for investing in India's future and solidifying its position as a leader in sustainable and innovative commercial real estate development. The redevelopment of Kamal Amrohi Studio into RMZ Nexus underscores RMZ Corp's commitment to reshaping Mumbai's real estate sector while addressing India's growing demand for premium office spaces.
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