CapitaLand, Shapoorji Pallonji's PE arm to foray into data centre business

Such centres to witness $5 bn in investments till March 2025 and increase threefold in capacity: Crisil report

Topics
CapitaLand | Shapoorji Pallonji group | Data centre

Raghavendra Kamath  |  Mumbai 

Some of the big investors/developers such as Singapore-based CapitaLand and Shapoorji Pallonji’s private equity arm are looking to foray into data centres to tap the growing demand for such properties.

CapitaLand is planning to set up a data centre in Chennai, said sources, adding that it is in advanced stages to buy a five acre land in the Ambattur area of the city where an acre costs Rs 12 to Rs 15 crore. “It wants to set up data centres in major cities of the country and metros will be the initial focus,” said sources. A mail sent to CapitaLand did not ...

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sat, January 23 2021. 06:10 IST
RECOMMENDED FOR YOU
.