CapitaLand has announced the completion of the stage 1 acquisition of its first data centre project in Navi Mumbai. “This major milestone now paves the way for the construction of our first state of the art and fully fitted data centre campus christened, “CapitaLand DC, Navi Mumbai 1”, the company said in a LinkedIn post.
CapitaLand DC, Navi Mumbai 1, acquired by Ascendas India Trust, will be developed in two phases spread over 6.6-acre with a total potential built-up area of up to 575,000 sq ft and 90 megawatts of power to host global technology giants and cloud service providers, as well as large domestic enterprise clients. To be developed in phases, the Phase 1 building will offer a built-up area of about 325,000 sq ft and is scheduled to be ready by third quarter of 2024.
Sanjeev Dasgupta, Executive Director and CEO of CapitaLand said: “We are excited to kick-start our first data centre project marking a-iTrust’s foray into this attractive and highly scalable asset class. Leveraging on our CapitaLand Group’s data centre expertise and our local presence across the country, we are hopeful to expand our data centre foot print in the key markets across the country.”
Surajit Chatterjee, Managing Director – Datacentre Group, Capitaland India said: “Acquiring a suitable land parcel is the first and the most critical milestone for a data centre operator, as it sets us on a path to provide world-class services to our customers. Our data centres will be built for resilience, efficiency, availability, and sustainability. We are also focused on expanding our presence in the other key Indian Data Centre markets of Chennai, Hyderabad and Bangalore to fulfil our vision of creating a pan-India footprint.”