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According to industry experts, the exodus of top talent on the real estate fund side is across all top positions including senior vice president and director in addition to managers, with many new funds looking at India as a growth opportunity.
According to industry experts, the exodus of top talent on the real estate fund side is across all top positions including senior vice president and director in addition to managers, with many new funds looking at India as a growth opportunity.
Bengaluru-based RMZ Corporation has announced plans to focus on five key sectors and generate assets worth $25bn over the next five years. The real estate firm will concentrate on office, luxury residential, mixed-use, industrial and logistics, and hospitality segments. RMZ has also appointed CEOs for each sector. It plans to develop a portfolio of 10 million sq ft of commercial office space valued at $10bn, 15 million sq ft of mixed-use space valued at $8bn, and 62 million sq ft of industrial and logistics assets worth $3bn. The firm also plans to build over 10 hotels and five luxury condos. ...
The firm has set up a new governance structure with two boards – the supervisory board led by brothers Raj Menda and Manoj Menda and the familys second generation, Sidharth and Mihir, and an executive board comprising non-family senior leaders from diverse industry backgrounds overseeing each of the firms businesses.
The investment will be made in projects across uber-luxury housing, office spaces, hospitality, warehousing, and mixed-use projects