RMZ Corp Aims For Strong Annuity With a 25 Billion USD Asset creation
- 24th Nov 2023
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The RMZ Corporation, headquartered in Bangalore, has disclosed its move to the position of alternate asset owner. With an ambitious target of USD 42 billion by 2029, the organisation intends to double the value of its rent-yielding real estate operations. RMZ Living (an ultra-luxury residential offering), the hospitality industry, office, mixed-use, industrial, and logistics investments will be directed by the company.
Owning RMZ Corp. are the siblings Manoj Menda, Mihir Menda, Sidharth Menda, and Raj Menda.
The shareholders of RMZ Corporation comprise the Menda brothers (Raj and Manoj), as well as the second generation of the Menda family (Sidharth and Mihir), on the supervisory council.
"This strategic reorientation demonstrates the family's steadfast dedication to expansion and progress in alternative investment categories." the Menda brothers contend.
Our ultimate objective is to establish the groundwork for a sustainable global economy through investments in high-growth opportunities that span various geographies. RMZ Corporation is poised to become one of the largest family-owned alternate asset proprietors globally within the next five years, with the assistance of our second generation, Sidharth and Mihir.
stated Sidharth and Mihir Menda. Our goal is to be forward-thinking leaders who capitalise completely on this extraordinary opportunity, as India has the potential to generate USD 1 trillion in diversified assets within the next 8-10 years.
Additionally, the organisation disclosed that Arshdeep Sethi had been appointed president of RMZ Real Estate and CEO of its diverse asset classes, including RMZ Office, RMZ Mixed Use, RMZ Living, RMZ Industrial & Logistics, and RMZ Hospitality, where he succeeds Thirumal Govindraj as CEO.
With the exception of a few exceptions, RMZ Real Estate will function as follows:
Strategically situated in six major communities across the nation, RMZ Office provides dynamic, sustainable office space.
Urban-oriented cultural ecosystems comprising upscale retail establishments, offices, and exclusive residences comprise the RMZ Mixed-Use.
To support the digital economy on a national scale, RMZ Industrial & Logistics provides superior logistics services.
An intimate and meaningful involvement in the lives of individuals while they journey, whether it be for business, pleasure, or solo travel.
Luxurious and ultra-luxury residential developments offered by RMZ Living across the nation combine elegance, comfort, and luxury.
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