RCom's Reliance Reality To Develop Smart Fintech Centre

Reliance Realty, a wholly-owned subsidiary of Reliance Communications (RCom), would develop Maharastra's first and largest Smart Fintech Centre in Navi Mumbai.

RCom said the Maharashtra government and the Maharashtra Industrial Development Corporation (MIDC) have approved building the centre at the Dhirubhai Ambani Knowledge City in Navi Mumbai.

According to the state government's new fintech policy, Reliance Realty's Dhirubhai Ambani Knowledge City, which is spread across over 132 acres, will have total saleable or leasable area of over 30 million square feet of prime real estate, it said in a regulatory filing to the BSE.

"It's saleable area post development will be double the size of the existing commercial area of Bandra Kurla Complex, Mumbai," the statement said.