Prestige Group and Maharashtra Government Ink Rs 12,500-Crore Deal for Three Major Projects
Prestige Estates Projects Ltd and the Maharashtra government have signed a Rs 12,500-crore deal for a data center, a global competency center, and a logistics facility with residential and commercial properties. The projects are expected to generate around 8,700 direct jobs and thousands of indirect opportunities, set to commence in 2026.
Prestige GroupMaharashtra GovernmentReal EstateInfrastructureInvestmentReal Estate MaharashtraAug 20, 2025
The investment is expected to generate around 8,700 direct jobs as well as thousands of indirect opportunities, the developer and Maharashtra government said in a release on August 19. The three projects are expected to commence in 2026.
“Our proposed investments will not only create jobs and attract global talent but also strengthen Maharashtra’s position as the foremost destination for business and innovation in India,” Prestige Group executive director Zayd Noaman said. Prestige Group is proud to partner with the Maharashtra government to bring world-class infrastructure projects that align with the state’s vision of economic leadership, he added.
Prestige will build the data center at Taloja in Navi Mumbai. The project is expected to require an investment of around Rs 5,000 crore, with 1,200 direct jobs to be generated, the statement said. A Rs 5,000-crore global competency center, too, will likely come up in Navi Mumbai and is expected to generate jobs for around 5,000 people.
The logistics-cum-residential and commercial development is planned for Khalapur on the outskirts of the Mumbai metropolitan region, with an investment of Rs 2,500 crore.
“The Government of Maharashtra welcomes Prestige Group’s investments, which are fully aligned with our initiatives to generate large-scale employment and accelerate industrial growth,” said P Anbalagan, secretary (industries), government of Maharashtra.
Frequently Asked Questions
What is the total investment for the projects announced by Prestige Group and the Maharashtra government?
The total investment for the three projects is Rs 12,500 crore.
What are the three major projects announced in the deal?
The three major projects are a data center, a global competency center, and a logistics facility with residential and commercial properties.
Where will the data center be located?
The data center will be located at Taloja in Navi Mumbai.
How many direct jobs are expected to be generated by these projects?
The projects are expected to generate around 8,700 direct jobs.
When are these projects expected to commence?
The projects are expected to commence in 2026.
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