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Singapore-based property giant Mapletree is making its India data centre debut, planning to invest $500–700 million in a 400 MW facility in Mumbai.
A 400 MW data centre in Mumbai is like powering an entire small city just to run servers.
Mapletree runs real estate like offices, warehouses and now data centres. These properties are grouped into Real Estate Investment Trusts (REITs), which are like mutual funds for real estate.
The deets: the first project will come up in Mumbai, with plans to expand to Hyderabad, Pune, and Bengaluru.
Mapletree recently tied up with Ivanhoe Cambridge to launch a ₹15,000 crore platform for building tech-focused offices and data infrastructure. The partnership, along with its ₹1,900 crore land buy in Bengaluru, shows the company's growing commitment to India’s digital and real estate expansion.
Why it matters: India’s data centre capacity is set to double to 2,500 MW by FY28 means the country will be able to secure far more of its own digital data, instead of relying on overseas hubs like Singapore or the US.
This strengthens data sovereignty and cuts latency for millions of internet users. It also supports the boom in cloud computing, AI, fintech, and e-commerce, all of which depend on fast, secure data infrastructure.
Zoom out: India’s data centre capacity is set to soar from just 350 MW in 2019 to nearly 2,400 MW by 2028. The surge reflects booming demand from AI, cloud computing, fintech, and 5G players.
What’s notable is that even as capacity grows sixfold, vacancy rates are expected to stay low (5–10%), showing how quickly this new infrastructure is being absorbed.
In short, India is fast emerging as a regional data hub, powered by digitalisation and a ₹90,000 crore investment wave.
