Anil Ambani's RCom to develop 133-acre infotech park in Navi Mumbai

The valuation of this project, according to an HDFC Realty study, is estimated to be over Rs 250 billion, Anil Ambani said

RCom is planning to develop 133-acre infotech park Dhirubhai Ambani Knowledge City (DAKC) in Navi Mumbai into 30 million sqft of commercial space as part of its asset monetisation plan. The development will result in creating an area that is equivalent to 75 Nariman Points (Mumbai's central business district) or 10 new Bandra-Kurla Complexes (Mumbai's swanky business hub), Anil Ambani said at the 14th annual general meeting. "As we have moved out of the mobile sector, we will monetise at an appropriate stage our enterprise business. Reliance Realty will be the engine of growth for us,” he said. The valuation