RCom arm Reliance Realty gets nod to develop DAKC into Fintech Centre

Debt-ridden telecom operator Reliance Communications (RCom)'s subsidiary Reliance Realty will develop the Maharashtra’s first and largest Smart Fintech Centre in Navi Mumbai, RCom announced on Monday. The Department of Information Technology, Government of Maharashtra and the Maharashtra Industrial Development Corporation (MIDC) granted approval to Reliance Realty to develop the Smart Fintech Centre at its Dhirubhai Ambani Knowledge City (DAKC) in Navi Mumbai, under the Government of Maharashtra’s new Fintech Policy.

The company will develop 132 acres of land in DAKC with a total saleable area of 30 million square feet. Last year, at the 14th annual general meeting (AGM), RCom chairman