CapitaLand, one of Asia’s largest diversified real estate groups and a data center major, has entered into three Memoranda of Understanding (MoU) with the government of Tamil Nadu to invest Rs 4,500 crores (US$ 541 Million approx.) over the next five years for the purpose of building a data center, an Information Technology (IT) Park, and other related infrastructure.
On January 9, it reportedly signed the MoUs to develop infrastructure worth Rs 1,500 crores in the International Tech Park Chennai (ITPC) Radial Road, as well as invest Rs 1,150 in developing a data center on a 4.01 acre plot in Ambattur. The data center in Ambattur will be its third data center in India. The project is likely to be completed by 2025. Apart from this it will also invest Rs 1,000 crore in its logistics portfolio in Chennai via Ascendas First Space.
CapitaLand currently has 26 data centers in Asia and Europe. It’s data center portfolio totals USD 6 billion in assets under management and over 500 MW of power. In India, apart from the upcoming facility in Chennai, it has data centers in various stages of development in Bangalore, Hyderabad and Navi Mumbai.
