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Lodha Developers has signed a Memorandum of Understanding with the Maharashtra government for a green integrated data centre park in Palava, costing ₹30,000 crore. The 370-acre park will have 2 gigawatts capacity and create about 6,000 jobs.
Source: Lodha Developers Release (NSE Exchange Fillings) | Published on Sept 11, 2025
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As quoted in the press release from Lodha Developers (NSE Exchange filings), the company has now signed an agreement with the state government to build a green integrated data center park in Palava. This ₹30,000 crore project will be part of Maharashtra's push to develop digital infrastructure and allow for large-scale facilities to use renewable energy.
Lodha Developers has signed an MoU worth ₹30,000 crore for a data centre park in Palava.
The project will cover 370 acres in the Mumbai Metropolitan Region.
Planned capacity is 2 gigawatts, with multiple operators expected to set up units.
The initiative is projected to create nearly 6,000 jobs, direct and indirect.
It is aligned with Maharashtra’s policy for green integrated data centre parks announced in October 2024.
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The new park will cover 370 acres, located in the Mumbai Metropolitan Region. It will have a capacity of 2 gigawatts, and the operator will allow both domestic and international operators to establish their own centres in the park - which may be financially backed by Lodha Developers as master developer, and provider of backbone infrastructure, while operators will build and manage their own centres.
The Palava project at Lodha Developers is the first priority project to be signed after Maharashtra's new government policy for green integrated data centre parks, which was approved on October 2024, that governs future projects of energy-intensive facilities, which also include renewable and alternative energy sources. The Palava project is one of three expected parks to come online in a region under demand from cloud computing, artificial intelligence, and digital services.
Maharashtra had already targeted data centres as a priority area for industrial development in 2019. The agreement with Lodha Developers builds on that status and promotes a larger potential investment in sustainable technology infrastructure. Their partnership reflects a step toward India’s larger sustainability framework by sourcing renewable energy to operate the centres.
The Lodha Developers share price is ₹1,180 per share on the BSE as of 11 September 2025 at 15:30 PM IST. This price reflects the market’s continued focus on Lodha’s diversification from residential and commercial real estate to large-scale infrastructure.
You might think of this project as a significant diversification initiative for individuals in Lodha Developers. The anticipated generation of roughly 6,000 direct and indirect employment opportunities emphasizes its economic benefits while the renewable energy component signifies the state’s policy direction. The extensive investment also highlights how the real estate workforce is evolving to take on new domains such as digital infrastructure.
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