Lodha Group inks pact with Maharashtra govt for additional 1 lakh crore data center investment

Realty developer Lodha Group has entered into a Memorandum of Understanding (MOU) with the government of Maharashtra to invest over Rs 1 lakh crore in the state to develop data centers.

This is in addition to a pact inked with the state government four months ago for an investment worth Rs 30,000 crore to set up data centers under the government Green Integrated Data Centre Park policy.

“Over and above the Rs 30,000 crores 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," said Abhishek Lodha, MD and CEO of Lodha Developers.


With the total investment of Rs 1.3 lakh crores on around 2.5 gigawatt data centre park, it is slated to be the largest in the country.

Lodha signed the agreement with the government of Maharashtra in the backdrop of World Economic Forum at Davos.

The data centre park with total investment of Rs 1.3 lakh crores 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, the company said in a release.

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.

With growing digitisation in India, data centres are becoming more crucial for several concepts such as payments, gaming, or even for needs of upcoming trends such as the metaverse.

Key global majors like Amazon, Google and Microsoft have also started setting up their hyperscale data centres in India.
Data centres in India are emerging as the most attractive growth opportunity for global investors and leading developers.

Investments are flowing into the data centre markets, with multiple new markets created simultaneously, along with the rapid development of campus sizes found in the most established global cities.