India, April 13 -- Real estate firm RMZ Corp plans to invest over $35 billion over the next five years to develop data centres, artificial intelligence factories, mixed-use commercial office developments and housing projects, the company said in a statement on April 13.

The company said the expansion will be funded through a mix of debt and equity, while also indicating it is evaluating an initial public offering (IPO) to secure long-term, permanent capital.

A significant portion of the planned investment, nearly half, is earmarked for digital infrastructure, focusing on building large-scale data centre capacity and AI capabilities, the statement said.

RMZ, in partnership with Colt Technology Services, backed by the family office of Ab...