PRESS RELEASE

RMZ Corp is one of the largest real estate developers in India with over 28 million square feet of prime real estate developmental projects since its inception in 2002. RMZ’s expertise in the development of Commercial Office Spaces has propelled the company to expand its horizon and embark on developing state-of-the-art Residential and Hospitality Spaces.

Smarten Spaces Launches SpazeBud across RMZ Corp Business Park
(AMONGST THE WORLD’S FIRST END-TO-END AI/IOT SOLUTION TO MAKE SPACES SMART)

Bengaluru January 09, 2018: Smarten Spaces, a company that enables transformation of spaces of work and leisure, has announced the launch of their first product - a unique interface called ‘SpazeBud.’ The cloud-based SaaS platform with Artificial Intelligence and IoT interface will act as a comprehensive productivity and efficiency enabler through end-to-end solutions for enterprise and real estate companies worldwide. SpazeBud will facilitate digitization of spaces like corporate campuses, buildings and residential complexes with the primary aim of increasing the happiness index of end users while simultaneously creating an energized community.

RMZ Corp., a pioneer in the development of Grade A office spaces, is the first commercial real estate client to use SpazeBud extensively for digitizing their campuses across India. With the vision to be at the forefront of the changing landscape of commercial real estate, RMZ believes that technology plays an unprecedented role in transforming the workplace by enhancing their tenant experience on a single end-to-end platform.

Commenting on the usability of the solution, Dinesh Malkani, Founding Partner and Worldwide CEO, Smarten Spaces said, “We spend 80% of our lives in spaces where we live, work and play. We need them to be more convenient, sustainable, highly efficient, cost-effective and energize the community consuming the space. In a digitized world, technology plays a huge role, and with SpazeBud, we provide the community and the tenants a highly interactive platform to engage services offered in the space, on their fingertips, from parking to transportation, food, health and wellness, and security. With AI and IOT SpazeBud will help reduce the energy consumed and optimize the space utilized - driving sustainability and reducing cost. This will also enable today’s workers to create virtual communities and benefit through insights from anywhere in the world. Our association with RMZ only stands to reaffirm our belief in having a futuristic outlook to lead the digital transformation of spaces.” Speaking at the launch, Thirumal Govindraj, Managing Director, Asset Management, RMZ Corp said, “At RMZ, we live by the credo of ‘being the change’ and making decisions that challenge the status quo. We are extremely excited about this partnership and firmly believe that SpazeBud will energise a digital transformation in the lives of our tenants in a manner that is quite unprecedented. Together, we look forward to changing the way office spaces are perceived and created in India.”

SpazeBud will help RMZ tenants - all Fortune 500 companies housed within its business parks - to make smarter decisions in the most convenient way. The app, available on both PlayStore and Pastors, will allow employees within the campus to enjoy certain features through which they can make workplace decisions like the right time and mode to get to work or home, in-campus services, security, concierge services and community socializing. The app is also useful for enterprises in increasing employee productivity and efficiency, which will ultimately increase employee satisfaction backed by a world-class AI and IoT platform. It will also drive companies to become more sustainable by providing cost-effective energy solutions.SpazeBud has been deployed across 20 buildings covering 16.5 million sq. ft. and has crossed 10,000 downloads already.

Smarten Spaces has raised the initial funding it requires to build and go to market as it expands across more geographies. It recently announced Dinesh Malkani as its Founding Partner and Worldwide CEO.

About Smarten Spaces Pvt. Ltd.

Founded in April 2017, Smarten Spaces is headquartered in Singapore. Its purpose is to transform places of work and leisure into state-of-the-art sustainable architectural delights, which will enhance experience and efficiency by increasing performance and optimizing cost. Using its cutting-edge AI and IoT platform, its goal is to provide Real Estate Developers and Enterprises with the ability to offer next-generation spaces that will improve productivity, reduce operational cost, and offer conveniences to the end users to improve the daily lives of people. Please visit http://www.smartenspaces.com

About RMZ Corp:

RMZ Corp is one of the leading owners, developers, operators and fund managers with an unmatched portfolio of world-class commercial real estate space in India. Over a decade since inception in 2002, RMZ currently holds prolific portfolio of 20MSft under ownership & $ 5B of Assets under Management creating a portfolio of rent-yielding commercial assets in India. The organization has a remarkable vision and an aggressive expansion plan of 60 million square feet of assets under ownership by 2020. Headquartered in Bangalore, RMZ Corp has continued to grow through new markets, partnerships and capabilities as well as through its development of high-profile office, mixed-use and luxury residential projects. RMZ holds premium office space across Bangalore, NCR, Hyderabad, Chennai, and Pune. For more details log on to http://www.rmzcorp.com

In a significant boost to its vision of creating collaborative communities among the larger audience, RMZ Foundation’s "Accentuate Art" initiative launched in July 2017 includes the Art Centre comprising of The Gallery, a Sustainable Art Pavillion, (Aire) and the Art Walk that houses a permanent collection of extraordinary sculptural masterpieces by World renowned Contemporary Artists. For more details log on to http://www.rmzfoundation.org/art