New Delhi, Jan 20 (PTI) Realty firm Lodha Developers Ltd will invest Rs 1.3 lakh crore to build a 2.5 gigawatt data centre park near Mumbai as part of its strategy to expand business.
In a regulatory filing
on Tuesday, the company said it has signed an MoU with the Maharashtra government for an additional Rs 1 lakh crore investment to develop the data centre park. The MoU (memorandum of understanding) was signed against the backdrop of the World Economic Forum, Davos.
An MoU of Rs 30,000 crore was signed in September 2025.
The MoU for Rs 1 lakh crore investment was signed on January 19 between Abhishek Lodha, MD and CEO of Lodha Developers and the state government.
"Over and above the Rs 30,000 crore commitment last year to develop the data centre park, we have signed another agreement with Government of Maharashtra to invest additional Rs 1 lakh crore. The state has already scaled newer heights under the leadership of Devendra Fadnavis, Chief Minister of Maharashtra," said Abhishek Lodha.
According to the company, this data centre is slated to be the largest in the country. It will create over 16,000 direct and indirect jobs.
The project will be developed under the Maharashtra government's Green Integrated Data Centre Park policy. The latest agreement of Rs 1 lakh crore will bolster Lodha Group's commitment to Maharashtra's growth, the company said.
The project will be located at its 5,000-acre township in Palava near Mumbai.
Elaborating on the project, the company said it will accommodate several major international and domestic players. Amazon has already acquired a land parcel for its data centre and also made arrangements for its power requirement for the next 15 years. Singapore-based STT Global Data Centres has also acquired a land parcel in the park.
Lodha Group said it will play the role of developer for several players who are keen on setting up data centres.
According to real estate consultant CBRE, the data centre capacity of India reached 1530 MW in September last year.
Anshuman Magazine, Chairman and CEO - India, South-East Asia, Middle East and Africa, CBRE, noted that India's data centre capacity has seen significant growth in the last four to five years, mirroring the country's rapid digital transformation.
"Rapid digitalisation due to rising internet penetration, cloud adoption, and the emergence of AI and Internet of Things (IoT), has taken the need for strong data infrastructure to new heights. This is being supported by government policies and data localisation norms, positioning India as a key hub for global as well as domestic investors," Magazine said.
Lodha Developers, which sells properties under Lodha brand, is one of the leading real estate developers in the country.
During the last fiscal, the company's sales bookings increased to Rs 17,630 crore, as against Rs 14,520 crore in the preceding year.
For the current financial year, Lodha has set a sales bookings target of Rs 21,000 crore, a number it is confident of achieving.
Since inception, the company has delivered 110 million sq ft of real estate and is developing more than 130 million sq ft under its ongoing and planned portfolio. PTI MJH ANU
ANU
