Ascendas to invest Rs 12 bn in India

Ascendas Property Fund Trustee Pte. Ltd has announced that it will invest an estimated Rs 12 billion to develop and operate phase one of its first data centre campus in India.

According to a statement, it will be one of the largest data centre campuses in Airoli, a growing data centre hub in Navi Mumbai.

The 6.6-acre greenfield site will be developed in phases into a fully-fitted data centre campus with a total potential built-up area of up to 575,000 square feet (sqft) and 90 megawatts (MW) of power to host customers such as global technology giants 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.

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