Torbit Spotlight

The sunrise alternate asset class of data centres is set for a big boost with Adani Group, Hiranandani Group’s Yotta brand and global  IT infrastructure major NTT charting mega expansion plans.

Adani Enterprises has signed a memorandum of understanding with the Maharashtra government to invest Rs 50000 crore over the next decade to set up a 1gw hyperscale data center either at Mumbai/Navi Mumbai or in Pune. The group has also announced an investment of over Rs 5000 crore to set up a 100 MW data center in Telangana.

Hiranandani Group’s data center arm- Yotta Infrastructure has announced Rs 16000 crore plan to expand its data center business, with a view to compete with global biggies like Amazon, Google and Microsoft. At present Yotta has data centers in Navi Mumbai, Greater Noida and Gift City Gujarat. The group will be making an additional investment of Rs 5000 crore in its Noida Data Centre Park.  It has already invested Rs 1500 crore in Yotta D1 Noida spread over 3 lakh sq. ft , with an IT load capacity of 28.8 MW. Once fully operational, this data center campus over 20 acres, will offer a total capacity of 30000 racks, four dedicated fiber parks, and an IT power capacity of 160 MW.

NTT has expanded its India footprint with the launch of a new data center campus in Noida and the opening of its first data center. Spanning six acres, the campus will support a planned capacity of 52.8 mw critical IT load in two data centers.  According to Shekhar Sharma, MD & CEO, NTT GDC India and NTT.com India, the launched data center will support 22.4 mw IT load with an area of 300,000 sq ft. And with this, the NTT’s global data centers division, has expanded its India footprint to more than 268 mw. NTT now has 18 data centers across Delhi-NCR, Mumbai, Chennai and Bengaluru> Together these facilities cover3.1 million sq ft across interconnected campuses.   Talking of  future expansion plans of NTT in India , Doug Adams, CEO and President, NTT Global says that India is a priority region in company’s global strategic roadmap of consistent capacity expansion in existing and new data center markets.

Meanwhile Digital Connexion, a three-way joint venture between Brookfield Asset Management, Reliance Industries Limited and Digital Realty, has launched its first data center campus over 10-acre  in Chennai’s Ambattur Industrial Estate, catering up to 100 mw critical IT load capacity.

Rs 4000 Crore Health City to Come up in Delhi

Modi Group will be investing Rs 4000 crore to develop a health city in Delhi.  It has been planned as a comprehensive healthcare hub, featuring medical office buildings, over 24000 quaternary bed facilities, wellness residences and geriatrics care among others

To be developed on the concept of a Wellness City over 20 lakh square feet of space, , the proposed city will have office buildings, residences, service apartments, rehab centre, quaternary care hospital and senior care facility.

Modi Group’s mega realty plan will involve an investment of USD i billion in 5 years in realty and wellness space. . It is already constructing a commercial real estate project in Mumbai in partnership with a developer. It will also develop a mixed-use project in Rampur, Uttar Pradesh . This will include a housing project, hospital, shopping mall and office. Across Delhi, Mumbai and Rampur, the group is proposing to develop about 3.5 msf  of space at a cumulative initial cost of about Rs 6000 crore.

Lodha Group Records Pre-sales  of Rs 10500 crore

Mumbai-based Lodha Group has clocked a record Rs 10500 crore of  pre-sales in the first three quarters , with  the best-ever third quarter pre=sales of Rs 3410 crore.   . The collections for the third quarter stood at Rs 2594 crore.

The group added three new projects during the December quarter with gross development value (GDV) potential of Rs 6000 crore. With this it has done project additions of Rs 20300 crore  in three quarters, surpassing its guidance of Rs 17500 crore for the year.

Having delivered Rs 10500 crore of sales in the first three quarters , the company remains on track to deliver full year pre-sales guidance of Rs 14500 crore.