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RMZ Corp Mulls $1 Billion IPO, Poised for Landmark Listing.

RMZ Corp, one of India’s largest real estate developers, is exploring a potential $1 billion IPO, which could become the biggest sector listing since DLF’s 2007 issue. The Bengaluru-based company has begun preliminary discussions with bankers, though final details on timing and structure may change as plans progress. If executed, the IPO is expected next year and would add to India’s booming primary market, which has already crossed ₹1.77 trillion in fundraising this year. RMZ—owned by Raj and Manoj Menda—operates across offices, retail, hospitality, and digital infrastructure, competing with major players like DLF and Brookfield REIT. Global investors have previously backed RMZ, including CPPIB’s $210 million investment in 2021 and Mitsui Fudosan’s support in 2020. A successful IPO would cement RMZ’s position among India’s top real estate giants.