Commercial real estate developer RMZ plans to sell its premium offices for around ₹6,500 crore to family offices and other investors this year, according to a senior company executive. Under its recently launched 'Signature Offices' arm, the Bengaluru-based firm will sell brand new office inventory in either standalone buildings, or under-construction or upcoming buildings demarcated for sale within RMZ's office campuses across three cities – Bengaluru, Pune and Gurugram. As reported by Mint, the company has already sold office spaces in under-construction buildings to investors and funds for around ₹2,500 crore in Pune and Bengaluru earlier this year.
RMZ plans to build superior-quality offices for sale to investors, such as family offices, seeking direct ownership of office properties. According to Mint, Sidharth Menda, member, supervisory board and managing director, RMZ, explained that these are office condominiums, in good properties that come with amenities. The Signature Offices product is completely differentiated from the strata product, with the company looking at a minimum of ₹100 crore cheque size, going all the way up to ₹1,000 crore through the sale of entire floors in their buildings. The company is talking to the top 1,500 family offices, who are seasoned and discerning investors, with demand from family offices wanting to invest in a real estate opportunity that gives them annuity income.
Even after the sale, RMZ will continue to manage the leasing of office spaces in the buildings and occupier relations, and handle the overall asset management. As reported by Mint, Menda emphasized that they are ensuring the same customer that comes to them to lease an RMZ product is considering the Signature Office product as well, because they know that RMZ is in control of the asset. This gives their investors a lot of comfort, as the company maintains operational control while allowing investors to own the assets directly.
Office leasing and investment volumes in commercial real estate have been rising in India, with growth in investment volume coming on the back of sustained interest from domestic institutions, family offices, and global capital markets players. According to property advisory CBRE India, these players are increasingly allocating to Indian real estate through direct acquisitions, real estate investment trusts (Reits) and structured debt instruments. In financial year 2027, the developer wants to launch inventory to sell in cities such as Mumbai and Hyderabad as well, expanding beyond the current three cities.
Earlier this year, RMZ also entered into an equal joint venture with property developer Signature Global (India) Ltd to develop a commercial project in Gurugram, with the former infusing ₹1,293 crore for a 50% stake. India currently has the sixth-largest ultra-high-net-worth individual population in the world, with the population of ultra-rich individuals estimated to rise by 27% from 19,877 in early 2026 to 25,217 by 2031, according to property advisory Knight Frank. Family offices typically treat real estate as an integral part of their investment strategy, viewing it as a source of income, diversification, and allocating capital across different forms including direct ownership of premium assets, participation in real estate investment trusts, and exposure to private real estate funds.
