NTT, Prestige Group collaborate to develop Data Center in Bangalore

13 Jun 2023 CW Team

The agreement entails the development of approximately 1 million square feet, with the first building expected to be completed within 12 months. Prestige will construct three data centre buildings spanning 350,000 square feet for NTT. Juggy Marwaha, CEO of Prestige Office Venture, expressed optimism about the data center business, emphasising the need for power and high-quality infrastructure, which attracts major operators to established players like Prestige.

While Marwaha refrained from commenting on the NTT deal, the company's enthusiasm for the data center industry was evident. NTT and CBRE, the brokerage firm facilitating the transaction, were unavailable for comment. Marwaha highlighted the consolidation occurring within the commercial real estate sector, underlining the seriousness of the business.

India has witnessed a surge in data centre establishments due to technological advancements and increasing operational demands. Currently, NTT operates 11 data centers in the country, with six more scheduled to launch by June in Airoli, Mahape, Bengaluru, and Chennai. NTT commands a 22% market share for data centers in India.

With its status as the third-largest data centre provider globally, NTT has invested approximately $4.5 billion in India since 2020. This includes a recent $2.5-billion Memorandum of Understanding (MoU) signed with Maharashtra at Davos, focusing on the construction of data centres, submarine cables, and renewable energy plants in the state over the next five years.

The grant of infrastructure status in the 2022-23 budget is expected to boost data centres in Karnataka. Moreover, the Karnataka Digital Economy Mission aims to create one million jobs by 2025 and achieve $150 billion in IT exports, thereby fuelling the demand for digitalization and data storage, particularly in Bangalore.

The demand for data centres in India is further propelled by enhanced technology infrastructure and the increasing adoption of transformative technologies such as 5G, artificial intelligence, cloud computing, and the Internet of Things. Over the past five years, the data centre sector in India has received investments totalling $14 billion, and this figure is projected to exceed $20 billion by 2025, according to commercial real estate consultancy CBRE.

NTT and the Prestige Group have joined forces to develop a cutting-edge 100 MW data centre in Bangalore, marking Prestige's entry into the data centre industry in India. The project will encompass a million square feet of gross leasable area (GLA) across three phases. The total value of the transaction, including land and infrastructure development costs, amounts to Rs 7 billion.The agreement entails the development of approximately 1 million square feet, with the first building expected to be completed within 12 months. Prestige will construct three data centre buildings spanning 350,000 square feet for NTT. Juggy Marwaha, CEO of Prestige Office Venture, expressed optimism about the data center business, emphasising the need for power and high-quality infrastructure, which attracts major operators to established players like Prestige.While Marwaha refrained from commenting on the NTT deal, the company's enthusiasm for the data center industry was evident. NTT and CBRE, the brokerage firm facilitating the transaction, were unavailable for comment. Marwaha highlighted the consolidation occurring within the commercial real estate sector, underlining the seriousness of the business.India has witnessed a surge in data centre establishments due to technological advancements and increasing operational demands. Currently, NTT operates 11 data centers in the country, with six more scheduled to launch by June in Airoli, Mahape, Bengaluru, and Chennai. NTT commands a 22% market share for data centers in India.With its status as the third-largest data centre provider globally, NTT has invested approximately $4.5 billion in India since 2020. This includes a recent $2.5-billion Memorandum of Understanding (MoU) signed with Maharashtra at Davos, focusing on the construction of data centres, submarine cables, and renewable energy plants in the state over the next five years.The grant of infrastructure status in the 2022-23 budget is expected to boost data centres in Karnataka. Moreover, the Karnataka Digital Economy Mission aims to create one million jobs by 2025 and achieve $150 billion in IT exports, thereby fuelling the demand for digitalization and data storage, particularly in Bangalore.The demand for data centres in India is further propelled by enhanced technology infrastructure and the increasing adoption of transformative technologies such as 5G, artificial intelligence, cloud computing, and the Internet of Things. Over the past five years, the data centre sector in India has received investments totalling $14 billion, and this figure is projected to exceed $20 billion by 2025, according to commercial real estate consultancy CBRE.

Infrastructure Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Real Estate

17 Dec 2025

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

Real Estate

17 Dec 2025

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..