India’s real estate company Hiranandani Group, has entered into a Memorandum of Understanding (MoU) in the state of West Bengal to set up an industrial, logistics and hyper-scale data centre park in the region.

The combined investment by the group and their customers is estimated to be in the region of Rs 10,000 crore. Hiranandani Group has signed an MoU with Hindustan Motors to acquire a 100-acre land at Uttarpara, Kolkata, to set up an integrated logistics and hyper-scale data centre park by Hiranandani Group companies GreenBase and Yotta respectively, the company said in a statement.

The first phase of the industrial and logistics park will be up and running by June 2022 and the first data centre building will be ready by June 2023, the company said.

GreenBase will deliver 3 million sq feet of industrial and warehousing space along with essential utilities and support infrastructure built to international standards. Greenbase has a pan India presence providing industrial, logistics and warehousing solutions to clients.

A Joint Venture (JV) of the Hiranandani Group with global private equity firm Blackstone, Greenbase is developing industrial and logistics parks across Mumbai MMR region, Pune, Nashik, Chennai and Bengaluru and has plans to deliver 15 million sqft of space across the country in the next five years, having an investment outlay of $500 million.

Yotta, Hiranandani’s hyper-scale data centre division, will see a development of 6 hyperconnected data centre buildings bringing in 250MW of cutting edge data centre capacity over the next several years to the state. In 2020, Yotta inaugurated its Asia’s largest and World’s second-largest Uptime Institute Tier IV certified data centre in Navi Mumbai. It most recently announced its Greater Noida data centre park and Chennai data centre park.

“Kicking off this project would not have been possible without the tremendous support of the Government of West Bengal under the leadership of chief minister Mamta Banerjee. West Bengal is the gateway to the east. It is an ideal hub for logistics and industrial development with excellent road, rail and riverine connectivity,” said Darshan Hiranandani, Group CEO, Hiranandani Group.

Simultaneously, the data centre business will benefit from the digitization revolution, the upcoming Silicon Valley at New Town at Rajarhat and excellent fibre connectivity on land and the new submarine cable coming up at Tajpur. “By setting up a data centre park in Kolkata, we will not only serve the customers of the state but the entire eastern region including neighbouring countries,” he said.

The data centre industry is expected to add 703 MW capacity by the end of 2025, translating into an opportunity of 9.3 million sq ft of real estate development, according to a report by JLL.