Maharashtra Government Signs MoU with Lodha Developers for Rs 1.3 Lakh Crore Data Centre Park

Lodha Developers, a leading real estate firm, has signed a Memorandum of Understanding (MoU) with the Maharashtra Government for the development of a 2.5 gigawatt data centre park. This entails a total investment worth Rs 1.3 lakh crore.

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 previously signed a MoU worth Rs 30,000 crore with the Maharashtra government in September 2025 for the development of a 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,” the company added.

The company has stated that this investment worth Rs 1.3 lakh crore will create over 16,000 direct and indirect jobs, contributing significantly to Maharashtra’s growth. The park, with 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 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.

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 the Government of Maharashtra to invest an additional ₹1 lakh crore.”

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%.