Thursday, May 23, 2024

Top 5 This Week


Related Posts

DLF Invests Rs 3,400 Crore in Expanding Techpark and Data Centres in Noida

DLF, a prominent Indian real estate company, is making a substantial investment of Rs 3,400 crore (approximately $408.38 million) in its DLF Techpark and data centre project in Noida, India. This facility, situated in Sector 143 of Noida, Uttar Pradesh, spans across 25 acres of land.

The development at the site includes 1.2 million sq ft of space, accommodating housing, IT blocks, and data centre facilities. When fully completed, this complex could expand to a massive 4 million sq ft.

Notably, DLF has already secured commitments for two of the buildings at the site – one for an IT block and another for a data centre, totalling approximately 400,000 sq ft of IT space. The client for the data centre, though unnamed, is speculated to be STT GDC, which has also committed to an additional 370,000 sq ft of data centre space as part of the ongoing campus construction.

Karun Varma, senior executive director of the north offices business at DLF, stated, “We have recently received inquiries for more IT space in the area, and that encourages us to plan for the next phase there. Out of the 1.15 million sq ft that have already been constructed as part of the first phase, 1 million sq ft have already been committed by clients.”

The upcoming development phase will involve the construction of an additional 2 million sq ft of space. DLF, known for its real estate investment, development, and management expertise, has an impressive track record of developing approximately 31.25 million sq m (336 million sq ft) of real estate.

It’s worth noting that Noida has become a hub for data centre operators, with companies like AdaniConneX, Yotta, and STT GDC already present, and others like Sify Technologies and CapitaLand planning to establish new facilities in the region.


Please enter your comment!
Please enter your name here

Popular Articles