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Lodha signs MoU with Maharashtra govt for additional 1Lakh crore investment in data centre
Lodha Developers has signed a new MoU with the Maharashtra government to invest an additional 1 lakh crore in a data centre park, taking the total investment to 1.3 lakh crore. The 2.5 GW project is expected to be Indias largest and generate over 16,000 jobs.
NEW DELHI: Four months after Lodha Developers Ltd signed a memorandum of understanding of Rs 30,000 crores with 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 World Economic Forum at Davos.
With the total investment of Rs 1.3 lakh crores 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 crores with Maharashtra government to develop a data centre under the government 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 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. 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 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.
With the total investment of Rs 1.3 lakh crores 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 crores with Maharashtra government to develop a data centre under the government 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 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. 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 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.
“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. 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, gives us immense confidence in committing to such a large investment,” said Abhishek Lodha, MD and CEO of Lodha Developers Ltd.
Lodha, India’s leading luxury real estate developer, is driven with the passion of building world’s finest developments across its residential, commercial and digital infrastructure portfolio. The company has delivered ~100 million square feet of real estate and is currently developing more than 110 million square feet under its ongoing and planned portfolio.
Lodha, India’s leading luxury real estate developer, is driven with the passion of building world’s finest developments across its residential, commercial and digital infrastructure portfolio. The company has delivered ~100 million square feet of real estate and is currently developing more than 110 million square feet under its ongoing and planned portfolio.