RMZ Corp eyeing assets across cities to expand portfolio

Real estate firm RMZ Corp is looking to acquire assets across major cities in the country to expand its commercial portfolio. In the recent transaction, the firm has acquired the development right to build 1.7 million sqft of commercial space from a Hyderabad-based cement manufacturer in Hyderabad. It has also acquired two acres of land from Hetero group, a leading pharma company, to develop a 3-million-sq-ft office project in the city. “We are in the process of acquiring a couple of commercial assets either through joint development or direct buyout as there is healthy demand for offices from corporates,” said RMZ managing director (executive management) ThirumalGovindraj.