The Rise of the ‘Office Condo: A New Investment Play for Family Offices

RMZ is targeting around ₹6,500 crore in premium office sales to family offices and other investors through its Signature Offices platform. The offering provides direct ownership of premium office spaces across Bengaluru, Pune and Gurugram, with ticket sizes ranging from ₹100 crore to ₹1,000 crore. Unlike traditional strata sales, RMZ will continue to manage leasing, occupier relations and asset management even after the sale, giving investors the benefit of both ownership and professional management.

The opportunity comes against the backdrop of a growing ultra-high-net-worth population in India, which currently ranks sixth globally and is expected to grow by 27% by 2031, according to Knight Frank. For family offices, real estate continues to be an integral part of investment strategies, offering income, diversification and long-term value creation through direct ownership, REITs and private real estate funds. RMZ’s Signature Offices platform is positioned to meet this growing appetite for premium, income-generating real estate assets.

Direct Ownership, Greater Value

“We have seen demand from family offices wanting to invest in a real estate opportunity that gives them annuity income. 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.” Sidharth Menda, Member, Supervisory Board and Managing Director, RMZ