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

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 elicit