CapitaLand India Trust Management Pte Ltd, the trustee-manager of CapitaLand India Trust (CLINT), is putting in Rs 1,940 crore for its third data center in India, to come up in Ambattur, Chennai in the state of Tamil Nadu. The company is getting a 4.01-acre freehold land estimated to cost Rs 83.28 crore.
India has an ever-growing demand for the data center sector, attracting corporate groups like Hiranadadani, Reliance, and foreign investors like CapitaLand, Blackstone, and Princeton Digital group to enthusiastically invest in the Indian DC sector.
The investments will be spanned over the next four-five years. With a power capacity of 55 megawatts (MW), it will cater to customers such as global technology bigwigs, cloud service providers, and large domestic enterprises. The data center is expected to be functional by the end-2025.
According to recent market research Indian data sector industry is to witness sixfold growth in the coming six years s. With 45 new data centers anticipated to open by 2025, the Indian data center market is estimated to have investments worth $ 25 billion.
