Brookfield Infrastructure has paid Rs 600 crore ($81 million) for data centre development on 30-acre land parcel in Navi Mumbai.
According to The Business Standard, the company purchased the 30-acre land from real estate developer K Raheja Corp with the intention of building a data centre on the site.
Brookfield Mumbai and Digital Realty formed a joint venture in July to develop and operate data centres in India.
The 50:50 venture, which will operate under the brand name BAM Digital Realty, will focus on “multiple Indian metros” in the coming years.
“India is a rapidly growing data centre market with a bright future due to the rapid adoption of digital business models by a populace that understands the critical role of technology in future economic development,” Digital Realty CEO A. William Stein said at the time.
“We look forward to building on our successful partnership with Brookfield by jointly entering the Indian data centre market and expanding digital transformation opportunities.”
India’s market is booming. CapitaLand, NTT, STT GDC, Iron Mountain, EdgeConneX, PDG, Hiranandani Group, Rackbank, and Reliance Jio have all announced hyperscale facility build-outs in the last year alone.
Additionally, states such as Uttar Pradesh and Tamil Nadu are developing data center-specific policies to assist operators in establishing operations within their borders.