Ascendas India Trust to set up data centre in India with ₹1,200-crore investment
The Hindu
Ascendas Property Fund Trustee Pte. Ltd., the Trustee-Manager of Ascendas India Trust (a-iTrust) said a-iTrust would invest ₹1,200 crore (S$216.6 million) to develop and operate phase one of its first
Ascendas Property Fund Trustee Pte. Ltd., the Trustee-Manager of Ascendas India Trust (a-iTrust) said a-iTrust would invest ₹1,200 crore (S$216.6 million) to develop and operate phase one of its first data centre campus in India, at Navi Mumbai. The 6.6-acre greenfield site at Airoli will be developed in phases into a fully-fitted data centre campus with a total potential built-up area of up to 575,000 sq. ft and 90 MW of power to host customers such as global technology players and cloud service providers, as well as large domestic enterprise clients. “The acquisition of the site from third-party vendors is expected to be completed by the third quarter of 2021,” the entity said in a statement. “The data centre campus will comprise two buildings. In phase one, the first building, which is scheduled to be ready by 2Q 2024, will have a built-up area of about 325,000 sq. ft,” it added.
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