India: Lodha Developers to invest $11b more in Maharashtra data centre park

India: Lodha Developers to invest $11b more in Maharashtra data centre park

Photo by Jordan Harrison on Unsplash

India’s Lodha Developers said on Tuesday that it will invest an additional 1 trillion rupees ($11 billion) to build a 2.5-gigawatt data centre park in the state of Maharashtra, expanding on an earlier commitment of 300 billion rupees.

India’s data center market has been booming, with real estate developers, investors and tech giants such as Alphabet’s Google GOOGL.O and Meta META.O investing billions across states including Maharashtra and Andhra Pradesh.

Lodha made its initial commitment to the Maharashtra government last September.

The group said on Tuesday that the 2.5-gigawatt data center park will be the largest of its kind in India. Firms including Amazon AMZN.O and Singapore-based STT Global Data Centers have purchased land parcels at the site.

($1 = 90.8950 Indian rupees)

Reuters

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