The government of Maharashtra has signed a Memorandum of Understanding with real estate developer Prestige Group for investments worth more than Rs 12,500 crore. The agreement covers projects in logistics, data centres, and Global Capability Centre (GCC) parks in and around Navi Mumbai.
Out of the total commitment, Rs 5,000 crore will be used to set up a large data centre campus in Taloja, along with commercial, residential, and allied facilities. The project will begin in 2026 and is expected to generate 1,200 direct jobs.
Another Rs 5,000 crore will be invested in a Global Capability Centre spread over 100 acres in Navi Mumbai. This development will also commence next year and is projected to create 5,000 direct employment opportunities.
In addition, Prestige Group will invest more than Rs 2,500 crore to build a mega logistics and industrial centre on 250 acres in Khalapur. This facility will include residential, commercial, and allied infrastructure and is expected to create 2,500 direct jobs.
Kaustubh Dhavase, Chief Advisor for Investment and Strategy to the Chief Minister of Maharashtra, said the partnership will accelerate growth in key emerging sectors.
Zayd Noaman, Executive Director of Prestige Group, stated, “Our focus on logistics, data centres, and GCC parks aligns with the State’s strategic priorities and will drive transformative growth.”
The collaboration is expected to attract global investments, improve industrial competitiveness, and create thousands of direct and indirect jobs. It also highlights Maharashtra’s ambition to strengthen its position as a hub for technology-driven services and advanced supply-chain infrastructure.
Prestige Group, which has a strong presence in residential, commercial, retail, and hospitality projects across Indian cities, aims to use Maharashtra’s progressive policies, skilled workforce, and strong connectivity to expand into fast-growing sectors.
The rise of e-commerce, digitalisation, and outsourcing has increased demand for warehouses, delivery hubs, cloud infrastructure, and large-scale capability centres. Maharashtra, with its established industrial base and urban connectivity, is considered an attractive destination for such developments.
In recent years, the state has focused on building an investor-friendly environment by offering policy support and ensuring land availability for large projects. For Prestige Group, this move represents a strategic expansion beyond its traditional real estate business into sectors that will shape the next phase of India’s economic growth.
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