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Real estate giant RMZ Corp is weighing an IPO that could raise up to $1 billion.
Note: if it goes through, it would be the largest real estate IPO since DLF’s ₹9,188 crore debut back in 2007.
RMZ is a major developer with assets across offices, retail, hospitality, and digital infrastructure, competing with heavyweights like DLF, Brookfield REIT, and Embassy Office Parks REIT.
The deets: the company has also attracted global investors including the Canada Pension Plan Investment Board put in $210 million in 2021, while Japan’s Mitsui Fudosan backed one of its key office projects earlier.
The capital could help the developer expand premium commercial assets at a time when demand for Grade-A office space is rebounding.
Zoom out: India’s IPO market has clocked ₹1.77 lakh crore in fundraising this year, already above 2023’s record.
With giants like Jio Platforms lining up for 2026, RMZ’s potential listing adds more firepower to a market flush with investor appetite for infrastructure and real estate plays.
