Colt DCS and RMZ Corporation have partnered on a $1.7 billion venture to bolster India’s digital infrastructure, meeting the surging demand in the country’s growing digital economy.

Bangalore-based RMZ Corporation announced its decision to become an alternative asset owner. By 2029, the company aims to quadruple its rent-yielding real estate activities to USD 42 billion.

According to sources, the Canada Pension Plan Investment Board (CPP Investments) and RMZ Corp will develop a commercial project on a 15-acre plot of land at JVLR in Mumbai, where the famous Kamalistan Studio is located.

Godrej Properties has bought a 4-acre parcel of land in Pune's affluent Koregaon Park neighbourhood. The company plans to construct a luxury project on this premium plot.