Ascendas to invest Rs 1,200 cr for data centre campus in India
Technology

Ascendas to invest Rs 1,200 cr for data centre campus in India

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.

Image Source


Also read: Real estate demand for data centres likely to rise

Also read: Adani Group to set up hyperscale data centre in Chennai

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. Image Source Also read: Real estate demand for data centres likely to rise Also read: Adani Group to set up hyperscale data centre in Chennai

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement