Lodha Signs MoU with Maharashtra Government for an Additional 1 Lakh Crore Investment in Data Centre

Four months after Lodha Developers Ltd signed a memorandum of understanding of Rs 30,000 crore with the Maharashtra Government to develop a data centre in the state, it has committed to another Rs 1 lakh crore. On January 19, Abhishek Lodha, MD and CEO of Lodha, signed an MoU with the government of Maharashtra in the backdrop of the World Economic Forum at Davos. With the total investment of Rs 1.3 lakh crore on approximately 2.5 gigawatt data centre park, it is slated to be the largest in the country.

In September last year, Lodha Developers had signed an agreement for Rs 30,000 crore with the Maharashtra government to develop a data centre under the government's Green Integrated Data Centre Park policy. The latest agreement of another Rs 1 lakh crore will bolster the group’s commitment to Maharashtra’s growth.

The data centre park with a total investment of Rs 1.3 lakh crore will create over 16,000 direct and indirect jobs. The park, with a capacity of approximately 2.5 gigawatts, 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 requirements for the next 15 years. Singapore-based STT Global Data Centres has also acquired a land parcel in the park. With a legacy of several decades in construction, Lodha will play the role of developer for several players who are keen on setting up data centres.

Abhishek Lodha, MD and CEO of Lodha Developers Ltd, said, “Over and above the Rs 30,000 crore commitment last year to develop the data centre park, we have signed another agreement with the Government of Maharashtra to invest an additional Rs 1 lakh crore. The state has already scaled newer heights under the leadership of Shri Devendra Fadnavis, Hon’ble Chief Minister of Maharashtra. His vision and actions directed towards developed Maharashtra give us immense confidence in committing to such a large investment.”

About Lodha.

Lodha is India’s premier luxury real estate developer, dedicated to "Building a Better Life" through a vast portfolio of residential, commercial, and digital infrastructure. With ~100 million square feet delivered and another 110 million square feet under development, the company creates self-contained ecosystems enhanced by its integrated digital platform, Bellevie. Beyond construction, Lodha is a leader in the low-carbon transition, committing to becoming a net-zero carbon emissions company by 2050 while rapidly scaling its emerging digital infrastructure business.

Disclaimer: The article is for informational purposes only and not investment advice.