Equinix, a global data center major, has recently acquired more land in Mumbai, signalling expansion plans in the metropolis. Mumbai enjoys a lion’s share of India’s data center market, accounting for around half of it, and the land acquired recently by Equinix is in Chandivalli, a prime location that offers connectivity to eastern and western suburbs.
According to local media reports, the land measures 5,597 sq m (1.38 acres) and was acquired by Equinix from Overseas Packing Industries Pvt Ltd and Warden Hyforce Pvt Ltd. for Rs. 155 crores (~US$ 18 million). The publications cited property registration documents accessed by CRE Matrix. The transaction was registered on November 21, 2024.
W.Media reached out to Equinix for more details, and in an e-mail response to our queries, a spokesperson for the company explained the recent land acquisition saying, “Today, Equinix operates 3 International Business Exchange (IBX) data centers in Mumbai, called MB1, MB2 and MB4. The recently acquired land is the location of one of our existing data centers, MB2.”
Readers would recall that in June 2022, Equinix had announced that it will build another facility MB3 in the same vicinity. “With an initial investment of US$86 million, MB3 will provide an initial capacity of more than 1,375 cabinets, and more than 4,150 cabinets when fully built out,” said Equinix, adding, “We will continue to invest in this market to support India’s growing digital economy.” MB3 will be located adjacent to MB2 and just 1.5km from MB1.
Equinix has big plans for India, as it is also planning to expand its footprint in Chennai. “We will invest US$65 million in the first phase, which will provide 850 cabinets, and a total site capacity of 4,950 cabinets when fully built,” said Equinix.