Lodha Developers Inks ₹300 Billion MoU for Green Data Centre Park in Maharashtra

1 min read     Updated on 15 Sept 2025, 06:04 AM
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Overview

Lodha Developers has signed a Memorandum of Understanding (MoU) with the Maharashtra Government to establish a Green Integrated Data Centre Park. The agreement, valued at ₹300 billion (₹30,000 crore), aims to develop eco-friendly infrastructure in the state. This project is expected to create job opportunities, boost the local economy, and position Maharashtra as a hub for green technology and data management. For Lodha, primarily known for real estate, this venture represents a strategic diversification into sustainable data centre development.

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*this image is generated using AI for illustrative purposes only.

Lodha Developers , a prominent real estate company, has taken a significant step towards sustainable development by signing a Memorandum of Understanding (MoU) with the Maharashtra Government. The agreement, valued at ₹300.00 billion, aims to establish a Green Integrated Data Centre Park in the state.

Green Data Centre Initiative

The MoU marks a substantial commitment to the development of eco-friendly infrastructure in Maharashtra. Data centres are known for their high energy consumption, and this green initiative could potentially set a new standard for sustainable practices in the tech industry.

Economic Impact

With an investment of ₹300.00 billion (equivalent to ₹30,000.00 crore), this project is expected to have a considerable economic impact on the region. It could potentially create numerous job opportunities and boost the local economy, while also positioning Maharashtra as a hub for green technology and data management.

Strategic Move for Lodha

For Lodha Developers, primarily known for its real estate projects, this venture into green data centre development represents a strategic diversification of its portfolio. It showcases the company's adaptability to emerging market trends and its commitment to sustainable development practices.

Government Collaboration

The partnership between Lodha Developers and the Maharashtra Government highlights the increasing collaboration between the private sector and state authorities in driving large-scale infrastructure projects. Such public-private partnerships are often crucial for the successful implementation of projects with significant environmental and economic implications.

While specific details about the project timeline, exact location, and technical specifications of the Green Integrated Data Centre Park are yet to be disclosed, this MoU signifies a major step towards sustainable infrastructure development in Maharashtra's tech landscape.

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Lodha Developers Inks ₹30,000 Crore MoU for Green Data Centre Park in Maharashtra

1 min read     Updated on 11 Sept 2025, 07:23 PM
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Riya DeyScanX News Team
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Overview

Lodha Developers has signed an MoU with the Maharashtra government to establish a Green Integrated Data Centre Park in Palava. The project, spanning 370 acres in the Mumbai Metropolitan Region, will have a 2 gigawatt capacity and require an investment of ₹30,000 crore. The park aims to accommodate multiple data centre operators and is expected to create about 6,000 jobs. This initiative aligns with Maharashtra's policy mandating data centres to use renewable energy sources. Lodha will act as the master developer for this project, which is part of the state's plan to establish three such parks across the MMR.

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*this image is generated using AI for illustrative purposes only.

Lodha Developers Ltd has taken a significant step towards sustainable development by signing a Memorandum of Understanding (MoU) with the Maharashtra government. The agreement aims to establish a Green Integrated Data Centre Park in Palava, with a proposed investment of ₹30,000 crore.

Project Details

The ambitious project is set to span 370 acres in the Mumbai Metropolitan Region (MMR) and boasts a planned capacity of 2 gigawatts. Designed to accommodate multiple international and domestic data centre operators, the park is poised to become a hub for digital infrastructure in the region.

Economic Impact

This large-scale initiative is expected to generate substantial employment opportunities, with projections indicating the creation of nearly 6,000 direct and indirect jobs. The development aligns with Maharashtra's efforts to boost its digital economy and attract investments in the technology sector.

Green Initiative

The Green Integrated Data Centre Park is a direct outcome of Maharashtra's forward-thinking policy introduced in October 2024. This policy mandates that data centres operate using renewable and alternative energy sources, underlining the state's commitment to sustainable development.

Strategic Planning

As part of a broader initiative, the Maharashtra government plans to establish three such parks across the MMR to meet the rising demand for digital infrastructure. This strategic move positions the state as a potential leader in green data centre development in India.

Lodha's Role

In this venture, Lodha Developers will serve as the master developer, overseeing the project while various operators establish their facilities within the park. This approach allows for a coordinated development strategy while accommodating diverse operational needs.

Company's Vision

Abhishek Lodha, MD & CEO of Lodha Developers, emphasized the company's dedication to green growth and net-zero operations. He stated, "This project aligns perfectly with our commitment to sustainable development and our vision for a greener future."

The Green Integrated Data Centre Park represents a significant step towards combining technological advancement with environmental responsibility, potentially setting a new standard for data centre development in India.

Historical Stock Returns for Lodha Developers

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