Singaporean real estate firm CapitaLand has bought a 6.6-acre land in Navi Mumbai, India, for the development of a data center campus. Earlier in July, the firm first announced that its Ascendas India Trust (a-iTrust) plans to build a 90MW data center in the country. CapitaLand’s Q3 2021 earni...
Company: Ascendas Reit (CapitaLand)
Country: India / Bhārata
Region: South Asia
Region: Asia-Pacific (APAC)
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The campus will comprise two buildings; the first building will comprise 325,000 sq ft and is scheduled to be ready by Q2 2024.
The 6.6-acre greenfield site will be developed in phases up to 575,000 sq ft (53,400 sqm) and 90MW when fully built up. The company said that once fully developed, the campus will be able to host 8,500 racks and have a Power Usage Effectiveness of 1.4.