Singaporean real estate investment firm CapitaLand is planning a new data center in Hyderabad, India.
CapitaLand India Trust Management Pte. Ltd., trustee-manager of CapitaLand India Trust (CLINT, and formerly known as Ascendas India Trust), has signed a Memorandum of Understanding (MoU) with the Telangana government to develop a data center at CLINT’s International Tech Park Hyderabad (ITPH), located at Madhapur.
Targeting hyperscalers, the ITPH data center will have a built-up area of approximately 250,000 sq ft and 36MW of capacity. The site will include dedicated gas insulated substation.
CapitaLand said it intends to invest approximately Rs 1,200 Crores (S$210 million/US$154.6m) into the project. Plans for a Hyderabad facility were first announced in June 2022.
Sanjeev Dasgupta, Chief Executive Officer, CLINT said: “This is CLINT’s second data center development project in India, following our entry into India’s data center market by acquisition of a greenfield data center development site in Navi Mumbai in 2021. CLINT will continue to strengthen our portfolio with high-quality new economy assets, with another two data center projects planned in two key markets to diversify the portfolio and create value for our shareholders.”
Last year CapitaLand-owned Ascendas India Trust announced plans to build its first data center campus in India. The campus in Airoli, Navi Mumbai, 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.
Surajit Chatterjee, managing director, data center, India, CapitaLand Investment added: “Over the last few years, CapitaLand group has rapidly built strong competencies in data center design, development, and operations, with 25 data centers across Asia and Europe that will offer more than 500MW of power on a completed basis. We are excited to embark on CapitaLand India Trust’s second data center development as we expand our data center business globally. Our latest Hyderabad project will incorporate state-of-the-art technology and the project reinforces our commitment to becoming a strategic data center operator in India.”
Chatterjee previously told W.Media that the company is planning to develop data centers in at least five other markets across India.
“We are looking to set up data centers in Mumbai, Hyderabad, Chennai, Bengaluru, and Noida,” he said.
Capitaland has also previously signed a Memorandum of Understanding with the Tamil Nadu government to build data centers in the Ambattur area of Chennai.
Minister for IT, Industries, and MA&UD, Shri K.T. Rama Rao said: “I am very happy to see CapitaLand India Trust invest in Telangana. Today, Hyderabad is one of the fastest-growing data center markets in India and the investment adds to the pace we look to keep up. I hope to continue this relationship and hope the state can work together with CapitaLand to get not only data center investments, but also other IT and IT Enabled Services infrastructure projects to fuel the ever-growing IT industry in the state.”