Leading real estate firm, Lodha developers has signed a Memorandum of Understanding (MoU) with the Maharashtra Government for development of a 2.5 gigawatt data centre park. This entails a total investment worth Rs 1.3 lakh crore .
Lodha Developers: Project key details
The MoU was signed between the two parties on January 19 at the World Economic Forum in Davos, Switzerland. ” With the total investment of Rs 1.3 lakh crores on approximately 2.5 gigawatt data centre park, it is slated to be the largest in the country,” the company said in its official statement.
Maharashtra’s Chief Minister Devendra Fadnavis, in a post on X has said that this development in the IT sector will generate 1.5 lakh employment opportunities in the Mumbai Metropolitan Region.
This agreement marks additional investment by the real-estate firm which had, which in September 2025 had also signed a MoU worth Rs 30,000 crore with Maharashtra government for the development of data centre park in Palava city, Dombivili, near Mumbai. This was undertaken under the government’s Green Integrated Data Centre Park policy.
“The latest agreement of another ₹1 lakh crore will bolster the group’s commitment to Maharashtra’s growth,” it added.
Lodha Developers: Scope of Project
The company has added that this investment worth Rs 1.3 lakh crore will create over 16,000 direct and indirect jobs, and help in Maharashtra’s growth.
It added that the park, which stands at a capacity of 2,5 gigawatts will also 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,” the real-estate developer said in its statement.
Commenting on this win Abhishek Lodha, MD and CEO of Lodha Developers said “Over and above the ₹30,000 crores commitment last year to develop the data centre park, we have signed another agreement with Government of Maharashtra to invest additional ₹1 lakh crore.”
Lodha Developers: Share Price
Lodha Developers share price was in the red down nearly 3% in the morning session. Over the past one month the company’s stock has declined by over 7%.