Commercial real estate developer RMZ is preparing to sell premium office inventory valued at approximately ₹6,500 crore to family offices and institutional investors throughout this year, marking a significant expansion of its direct-ownership strategy. The Bengaluru-based firm's newly launched Signature Offices arm will offer brand-new commercial spaces in standalone buildings or demarcated sections within RMZ's office campuses across Bengaluru, Pune, and Gurugram.
The initiative targets India's expanding ultra-high-net-worth cohort with minimum investment thresholds of ₹100 crore, extending to ₹1,000 crore for entire floor acquisitions. According to Sidharth Menda, member of the supervisory board and managing director at RMZ, the company is in discussions with the country's top 1,500 family offices, positioning the product as differentiated from traditional strata sales that characterised earlier office inventory transactions.
Office leasing and investment volumes in commercial real estate have been rising in India, according to property advisory CBRE India. The growth in investment volume comes on the back of sustained interest from domestic institutions, family offices, and global capital markets players, who are increasingly allocating to Indian real estate through direct acquisitions, real estate investment trusts, and structured debt instruments, CBRE said in a recent note.
"These are office condominiums, in good properties that come with amenities. Signature Offices is completely differentiated from the strata product, where we are looking at a minimum of a ₹100 crore cheque size, going all the way up to a ₹1000 crore through the sale of entire floors in our buildings," Menda told Mint. He added that demand is coming from family offices seeking real estate opportunities that generate annuity income.
The structure preserves RMZ's operational control even after asset transfer. The developer will continue to manage leasing arrangements, occupier relations, and overall asset management for the sold properties, a model Menda described as offering investor comfort through continuity of management expertise. "With this product, when they directly own the asset, the mark-to-market premium that they receive each time a tenant rolls over ends up being higher with this," he said.
RMZ has already demonstrated investor appetite for the model. Earlier this year, Signature Offices completed sales of office spaces in under-construction buildings totalling approximately ₹2,500 crore across Pune and Bengaluru. The developer plans to expand the programme to Mumbai and Hyderabad during financial year 2027, broadening its geographic footprint beyond the initial three-city launch.
The company's broader commercial strategy includes partnerships and capital deployment beyond the Signature Offices division. Earlier this year, RMZ entered into an equal joint venture with property developer Signature Global India Ltd to develop a commercial project in Gurugram, with RMZ infusing ₹1,293 crore for a fifty percent stake in the venture.
India's ultra-high-net-worth population provides a substantial addressee market for direct real estate ownership products. According to property advisory Knight Frank, India currently holds the sixth-largest ultra-high-net-worth individual population globally. The firm's Wealth Sizing Model estimates this population will rise twenty-seven percent from 19,877 in early 2026 to 25,217 by 2031, underscoring the country's growing role in the global wealth landscape.
Family offices typically treat real estate as an integral part of their investment strategy, viewing the asset class as a source of income and diversification. Capital allocation spans different forms including direct ownership of premium assets, participation in real estate investment trusts for liquidity, and exposure to private real estate funds for higher returns. RMZ's shift toward selling premium inventory directly to this investor class reflects the structural evolution of India's commercial real estate market, where most Grade A office buildings have historically adhered to the build-to-lease model rather than condominium sales.