Ascendas India Trust (a-iTrust), Singapore's Ascendas Property Fund Trustee Pte Limited, will develop data centres in India and invest around Rs 1,200 crore to develop phase one of its first data centre campus in India.

A growing data centre hub in Navi Mumbai, the 6.6-acre site in Airoli, will be developed in phases into a data centre campus with a total built-up area of up to 575,000 sq ft and 90 megawatt (MW) of power. It is going to host customers, including global technology giants and cloud service providers and large domestic enterprise clients.

The Airoli campus is going to comprise two buildings, of which the first would be ready by mid 2024 with a built-up area of about 325,000 sq ft. The firm will carry out the development of more data centres in Hyderabad and Chennai.

The demand for data centres in our country is increasing because of improving technology infrastructure and rising adoption of new technologies such as 5G, cloud, Internet of Things and artificial intelligence.

The firm's portfolio size, including pipeline projects, will increase by 1.2% from approximately 24.9 million sq ft to 25.2 million sq ft, following a-iTrust's acquisition and development of phase one of the data centre campus.

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