The Maharashtra government has signed a memorandum of understanding (MoU) with real estate major Prestige Group for investments exceeding Rs 12,500 crore in logistics hubs, data centres, and global capability centre (GCC) parks in Navi Mumbai and adjoining areas.

Of this, Rs 5,000 crore will be directed towards a large data centre campus with commercial and residential facilities in Taloja, starting 2026, expected to generate 1,200 direct employment. Another Rs 5,000 crore will fund a 100-acre GCC in Navi Mumbai, projected to create 5,000 direct work roles. Additionally, over Rs 2,500 crore will be invested in a mega logistics and industrial park in Khalapur, which is likely to generate 2,500 employment.

Kaustubh Dhavase, Chief Advisor to the Chief Minister, highlighted the deal as pivotal for Maharashtra’s growth in sunrise sectors. Zayd Noaman, Executive Director, Prestige Group, said, quote "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 catalyse global capital inflows, strengthen competitiveness, and reinforce Maharashtra as a hub for advanced infrastructure.