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New Delhi, Jul 5: Singapore-based Ascendas India Trust, which develops IT and logistics parks in India, on Monday said it will invest an estimated Rs 1,200 crore to develop the first phase of its first data centre project in the country. The project is located at Airoli, a growing data centre hub in Navi Mumbai,  The post Ascendas India Trust to invest Rs 1,200 cr in initial phase of its first data centre in India appeared first on Jammu Kashmir Latest News | Tourism | Breaking News J&K .
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 mill
In todays roundup of regional news headlines, Ascendas India Trust splashes out on the development of a large Navi Mumbai data centre, the indebted former owner of Singapores Park Hotel Group is wound up, and Tencent plans a fancy Read More>> The post Ascendas India Trust to Build First Data Centre and More Asia Real Estate Headlines appeared first on Mingtiandi .
LENDLEASE Global Commercial Reit (Lendlease Reit) and Ascendas India Trust (a-iReit) have been named Citi Research''s top small-cap Singapore real estate investment trust (S-Reit) picks following FTSE Russell''s latest ground rule update on the FTSE EPRA Nareit Global Real Estate Index Series.
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Singapore-based Ascendas India Trust, on Monday said it will invest an estimated Rs 1,200 crore to develop the first phase of its first data centre project in the country
The company will target customers such as global technology giants and cloud service providers, as well as large domestic enterprise clients.
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 and 90 megawatts of power catering yo global technology giants and cloud service providers, as well as large domestic enterprise clients.
Demand for data centres in India has been on a rise due to improving technology infrastructure and increasing adoption of new technologies like 5G, artificial intelligence, cloud and the Internet of Things
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 sqft and 90 megawatts of power.
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