Mumbai: The Maharashtra Government is firming up a time-bound roadmap to expedite the development of the Innovation City near Navi Mumbai International Airport, being developed in partnership with the Tata Group, said Kaustubh Dhavse, Chief Advisor (Investments & Strategy) to the Chief Minister of Maharashtra.
He was speaking at the 6th 'Real Estate & Infrastructure Investors' Summit (REIIS) 2026' organized by NAREDCO Maharashtra at Jio Convention Centre in Mumbai on Thursday that brought the real estate developers, financiers, investors and bankers together.
.A leaky vault: Are your secrets really safe with AI chatbots?.The Maharashtra Government and the Tata Group had announced a landmark $ 11 billion investment to build India’s first Innovation City to be spread across 300 acres near the Navi Mumbai International Airport.
According to Dhavse, the project of AI Innovation City envisaged development of large-scale AI data centres, alongside high-performance computing, semiconductors and Global Capability Centers (GCCs).
“The infrastructure that Maharashtra has created gives us an opportunity to take Mumbai, Maharashtra and India to the next level. We now have the momentum; the task is to execute at scale, create the right environment,\" said Dhavse.
He also highlighted that data centres will be a critical pillar of this transformation.
Maharashtra currently accounts for about 66% of India’s data-centre capacity, strengthening its position as a national digital-infrastructure hub, Dhavse informed.
The emerging ecosystem will also be supported by new universities, healthcare infrastructure and knowledge institutions, creating the talent base required for AI, technology and advanced industries. The Government’s broader AI agenda includes six Centres of Excellence and AI Innovation Regions across Maharashtra, he added.
Pranav Adani, Director, Adani Enterprises, highlighted the scale of opportunity arising from India’s infrastructure and urbanisation story, stressing the need to create an ecosystem capable of supporting the country’s next phase of growth. \"The convergence of infrastructure and real estate, he said, would be critical to creating new economic centres and unlocking the potential of emerging urban corridors,\" he said.
Gautam Singhania, Chairman, Raymond Realty said: \"India’s real estate sector is at the epicentre of the nation’s transformation towards a $10 trillion-plus economy by 2047. With the sector already contributing over 7% to GDP, infrastructure-led growth is reshaping Mumbai and the MMR, creating new economic and residential growth centres.”
Dr. Niranjan Hiranandani, Chairman, NAREDCO India said: “The real estate sector was entering a period of significant transformation, driven by infrastructure expansion, urbanisation and the emergence of new growth centres. Mumbai 3.0 is a major opportunity to reshape the metropolitan region, with improved connectivity opening up new possibilities across residential, commercial, logistics and emerging asset classes such as data centres.”
\n\nMumbai: The Maharashtra Government is firming up a time-bound roadmap to expedite the development of the Innovation City near Navi Mumbai International Airport, being developed in partnership with the Tata Group, said Kaustubh Dhavse, Chief Advisor (Investments & Strategy) to the Chief Minister of Maharashtra.
He was speaking at the 6th 'Real Estate & Infrastructure Investors' Summit (REIIS) 2026' organized by NAREDCO Maharashtra at Jio Convention Centre in Mumbai on Thursday that brought the real estate developers, financiers, investors and bankers together.
.A leaky vault: Are your secrets really safe with AI chatbots?.The Maharashtra Government and the Tata Group had announced a landmark $ 11 billion investment to build India’s first Innovation City to be spread across 300 acres near the Navi Mumbai International Airport.
According to Dhavse, the project of AI Innovation City envisaged development of large-scale AI data centres, alongside high-performance computing, semiconductors and Global Capability Centers (GCCs).
“The infrastructure that Maharashtra has created gives us an opportunity to take Mumbai, Maharashtra and India to the next level. We now have the momentum; the task is to execute at scale, create the right environment,\" said Dhavse.
He also highlighted that data centres will be a critical pillar of this transformation.
Maharashtra currently accounts for about 66% of India’s data-centre capacity, strengthening its position as a national digital-infrastructure hub, Dhavse informed.
The emerging ecosystem will also be supported by new universities, healthcare infrastructure and knowledge institutions, creating the talent base required for AI, technology and advanced industries. The Government’s broader AI agenda includes six Centres of Excellence and AI Innovation Regions across Maharashtra, he added.
Pranav Adani, Director, Adani Enterprises, highlighted the scale of opportunity arising from India’s infrastructure and urbanisation story, stressing the need to create an ecosystem capable of supporting the country’s next phase of growth. \"The convergence of infrastructure and real estate, he said, would be critical to creating new economic centres and unlocking the potential of emerging urban corridors,\" he said.
Gautam Singhania, Chairman, Raymond Realty said: \"India’s real estate sector is at the epicentre of the nation’s transformation towards a $10 trillion-plus economy by 2047. With the sector already contributing over 7% to GDP, infrastructure-led growth is reshaping Mumbai and the MMR, creating new economic and residential growth centres.”
Dr. Niranjan Hiranandani, Chairman, NAREDCO India said: “The real estate sector was entering a period of significant transformation, driven by infrastructure expansion, urbanisation and the emergence of new growth centres. Mumbai 3.0 is a major opportunity to reshape the metropolitan region, with improved connectivity opening up new possibilities across residential, commercial, logistics and emerging asset classes such as data centres.”
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