Hiranandani Group said it is planning to invest about Rs 15,000 crore over the next 5-7 years for setting up data centres in Mumbai, Panvel.
Mumbai-based Hiranandani Group has already built two large datacentres in India for NTT Group’s Netmagic — a data center co-location company.
The real estate group has hired Netmagic’s former executive director Sunil Gupta as the CEO of the newly formed data center business Yotta. Hiranandani said the company continues to build more datacentres for Netmagic while at the same time it will be building 11 datacentre buildings of its own in Panvel, Mumbai and Chennai.
“We have the expertise for building data centres, we have the land suitable for data centres. We also have the most important expertise of power efficiency. These put together, we are sure to bring down the data centre cost by 20 percent,” Niranjan Hiranandani, managing director at Hiranandani Group, said.
Adani group last week said it will be setting up data centre parks with an investment of Rs 70,000 crore over a period of 20 years.
Hiranandani said it first data centre in Panvel will be completed by December this year and the remaining 10 data centres are expected to come up over the next 5-7 years.
The data centre parks will be spread over 50 acres near major international fiber landing stations with server hall capacity of over 60,000 racks and 500 MW power. The first data centre park is scheduled to go live by December 2019 at Hiranandani Fortune City township in Panvel, followed by Chennai and Mumbai.
Hiranandani will be setting up a 60 MW solar power plant in Maharashtra and aims to start generating at least 30 MW power by early next year.
Research reports suggest that the data centre market in India has doubled in the last 3 years and is projected to grow 1.5x by 2020. The overall cloud services market in India is expected to touch $4 billion by 2020.