The government of Maharashtra has entered into a Memorandum of Understanding (MoU) with real estate developer Prestige Group for investments worth over Rs 12,500 crore in development of logistics, data centres, and Global Capability Centre (GCC) parks in and around Navi Mumbai.
Of the total investment, Rs 5,000 crore will be deployed to set up a large data centre campus along with commercial, residential and allied facilities in Taloja locality of Mumbai's satellite city. This investment will commence in 2026 and is expected to create 1,200 direct jobs.
The company will invest Rs 5,000 crore to develop a Global Capability Center spread over 100 acres in Navi Mumbai. This investment will also commence next year and is expected to create 5,000 direct jobs.
Prestige will also invest over Rs 2,500 crore to develop a mega logistics and industrial center along with residential, commercial and allied facilities on 250 acres in Khalapur. This is expected to create additional 2,500 direct employment opportunities.
According to Kaustubh Dhavase, Chief Advisor for Investment and Strategy to the Chief Minister of Maharashtra, the deal would accelerate the state’s growth in key sunrise sectors.
"Our focus on logistics, data centres, and GCC parks aligns with the State’s strategic priorities and will drive transformative growth," said Zayd Noaman, Executive Director, Prestige Group.
The collaboration is expected to catalyse global capital inflows, improve industrial competitiveness, and generate thousands of direct and indirect jobs. It also reinforces Maharashtra’s ambition to emerge as a hub for technology-enabled services and advanced supply-chain infrastructure.
Prestige Group, which has established a strong footprint across residential, commercial, retail, and hospitality developments in major Indian cities, plans to leverage Maharashtra’s progressive industrial policies, talent pool, and robust connectivity to expand its portfolio into high-growth sectors.
The surge in e-commerce, digitalisation, and outsourcing has spurred unprecedented demand for warehouses, last-mile delivery hubs, cloud storage infrastructure, and large-scale capability centres that house global firms’ back-office and technology operations. Maharashtra, with its strong industrial base, skilled workforce, and urban connectivity, is seen as a natural magnet for such investments.
The state government has in recent years sharpened its focus on creating an investor-friendly ecosystem, offering policy support and land availability for large-scale developments. For Prestige Group, this marks a strategic diversification beyond its core real estate business into sectors aligned with the country’s next phase of growth.
Of the total investment, Rs 5,000 crore will be deployed to set up a large data centre campus along with commercial, residential and allied facilities in Taloja locality of Mumbai's satellite city. This investment will commence in 2026 and is expected to create 1,200 direct jobs.
The company will invest Rs 5,000 crore to develop a Global Capability Center spread over 100 acres in Navi Mumbai. This investment will also commence next year and is expected to create 5,000 direct jobs.
Prestige will also invest over Rs 2,500 crore to develop a mega logistics and industrial center along with residential, commercial and allied facilities on 250 acres in Khalapur. This is expected to create additional 2,500 direct employment opportunities.
According to Kaustubh Dhavase, Chief Advisor for Investment and Strategy to the Chief Minister of Maharashtra, the deal would accelerate the state’s growth in key sunrise sectors.
"Our focus on logistics, data centres, and GCC parks aligns with the State’s strategic priorities and will drive transformative growth," said Zayd Noaman, Executive Director, Prestige Group.
The collaboration is expected to catalyse global capital inflows, improve industrial competitiveness, and generate thousands of direct and indirect jobs. It also reinforces Maharashtra’s ambition to emerge as a hub for technology-enabled services and advanced supply-chain infrastructure.
Prestige Group, which has established a strong footprint across residential, commercial, retail, and hospitality developments in major Indian cities, plans to leverage Maharashtra’s progressive industrial policies, talent pool, and robust connectivity to expand its portfolio into high-growth sectors.
The surge in e-commerce, digitalisation, and outsourcing has spurred unprecedented demand for warehouses, last-mile delivery hubs, cloud storage infrastructure, and large-scale capability centres that house global firms’ back-office and technology operations. Maharashtra, with its strong industrial base, skilled workforce, and urban connectivity, is seen as a natural magnet for such investments.
The state government has in recent years sharpened its focus on creating an investor-friendly ecosystem, offering policy support and land availability for large-scale developments. For Prestige Group, this marks a strategic diversification beyond its core real estate business into sectors aligned with the country’s next phase of growth.
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