Lodha Developers to monetise 150 acres at data centre park in MMR for ₹10,000 cr: MD

Lodha Developers plans to sell 150 acres at its data centre park in MMR for about ₹10,000 crore over the next 3-4 years.

The company holds 660 acres at the park; it has already monetised 130 acres of the first 370-acre phase.

The data centre park at Pallava has 3 GW power at $0.08 per unit, 5 fiber optic routes, 5 transmission lines, and approval under the Maharashtra Green Integrated Data Centre policy.

Abhishek Lodha, MD, said the data centre is largely self-funded from land sales within the park and does not add to group leverage.

Lodha Developers plans to launch its first housing project in Delhi-NCR this fiscal year.