Mumbai-based real estate company Lodha Developers Ltd has entered into a landmark Memorandum of Understanding (MoU) with the Government of Maharashtra to invest ₹1 lakh crore in the state, with a focus on developing data centres and digital infrastructure, according to reports from the World Economic Forum (WEF) in Davos, Switzerland.
The MoU was signed on January 19, 2026, by Maharashtra Chief Minister Devendra Fadnavis and Abhishek Lodha, Managing Director and CEO of Lodha Group, during the high-profile international economic summit. The agreement aims to bolster the Mumbai Metropolitan Region (MMR) as a hub for advanced IT, IT-enabled services (ITeS) and data centre infrastructure, under the state’s Green Integrated Data Centre Policy.
Under the pact, Lodha Group plans to establish next-generation data centres that will cater to growing demand from cloud computing, artificial intelligence, fintech and other technology sectors. The project is expected to support sustainable energy solutions and align with global environmental standards, helping to position Maharashtra as a leading destination for digital infrastructure.
Officials highlighted that the investment could generate up to 1.5 lakh direct and indirect jobs in the region, encompassing roles across technical, operational and support functions. The initiative is anticipated to attract participation from major global and domestic technology firms looking to expand data capacity in India.
The MoU with Lodha also forms part of a broader suite of investment agreements facilitated by the Maharashtra government at the WEF 2026 summit, where multiple sectors secured commitments totaling ₹14.5 lakh crore in various fields including artificial intelligence, electric vehicles, education and infrastructure.
While the pact focuses on expanding data centres and digital infrastructure, it also places Maharashtra at the forefront of India’s digital transformation efforts, offering enhanced backend support for enterprises across industries. The state’s existing data centre capacity, already substantial, is expected to grow further with this investment, reinforcing its strategic role in the national digital economy.
The agreement underlines a collaborative effort between government and industry to drive technology-led growth, create employment, and attract further investment into Maharashtra’s digital and infrastructure sectors. Implementation timelines and specific project details are expected to be announced following formal clearances and detailed planning.
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