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Brookfield Building Datacentre in Navi Mumbai; Adani in Noida

Brookfield Building Datacentre in Navi Mumbai; Adani in Noida by purchasing land in these states from the government for datacentre

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Two major companies are going to build datacentre in different locations in India - one in Navi Mumbai and the other in Noida.

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Brookfield Datacentre to Come Up in Navi Mumbai

Canada's Brookfield has bought 30 acre land parcel in Navi Mumbai, Maharashtra, for Rs 600 crore from K Raheja Corp to build a data centre on the plot. K Raheja Corp, which bought the land parcel in the Ghansoli area of Navi Mumbai from the US chemicals company Cabot Corporation in 2015 for Rs 210 crore, will be making three times the returns from the sale of the land parcel to Brookfield.

Brookfield Infrastructure, a part of Brookfield, recently formed a joint venture with Digital Realty for setting up and operating data centres in the country under the brand BAM Digital Realty. The Brookfield JV is also looking to buy land parcels in the other parts of the country to set up data centres.

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The JV will expand Brookfield Infrastructure’s global data infrastructure portfolio, which includes USD 23 billion in assets across data transmission, distribution and storage. It has 1,39,000 operational telecom wireless towers in the country and intends to expand to 1,75,000 in near term.

Adani Datacentre to Come Up in Noida

Adani Enterprises has acquired 34,275 sq mtr land parcel in Noida, Uttar Pradesh, at Rs 103.41 crore to set up a data centre.  The company will make an investment of Rs 2,400 crore in the upcoming facility at Sector 62, Noida. The project will generate employment for 1,350 people.
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In addition, the authority has allotted another 16,350 sq mtr land parcel in Sector 145 to MAQ India to set up an IT facility. The authority had received four applications for land parcel and based on the project reports, Adani has been selected. In April 2021, Adani Enterprises was allotted 39,146 sq mtr land in Sector 80 to develop a data centre where the company intends to invest Rs 2,500 crore.
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The authority had allotted around two million sq ft of industrial land to 13 companies as part of strategy to spur investment and employment in Uttar Pradesh. Recently, the Noida Authority had adopted the Uttar Pradesh government’s data centre policy, making acquiring land to set up data centres near the upcoming international airport at Jewar cheaper.

According to the the government policy, any company investing over Rs 200 crore in data centres will be eligible for relaxation in stamp duty, electricity charges and building bylaws. The state government aims to attract Rs 20,000 crore of investment and establish three data centre parks.

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