Japanese Tech Firm Acquires Greater Noida Land for Data Centre

Japanese technology firm NTT Ltd. has acquired 6-acre land in Greater Noida to set up a data centre with an investment of Rs 1,000 crore. According to the Greater Noida authority, the plan is to develop the region into a data

BY Realty Plus
Published - Wednesday, 27 Jan, 2021

Japanese Tech Firm Acquires Greater Noida Land for Data Centre

Japanese technology firm NTT Ltd. has acquired 6-acre land in Greater Noida to set up a data centre with an investment of Rs 1,000 crore. According to the Greater Noida authority, the plan is to develop the region into a data centre hub as this is the second transaction after Mumbai-based Hiranandani Group’s Yotta Infrastructure said it would set up a 20-acre data centre park in Greater Noida with an investment of Rs 7,000 crore. The data centre will be established in techzone IV of Greater Noida west. Headquartered in London, the company will require supply of 70MW electricity. The data centre is part of a 25-acre SEZ, which already house some multinational companies including IBM. NTT, which had earlier acquired local data centre firm Netmagic, currently operates 10 data centres across four major cities, with over 1.5 million sq ft and over 150 MW of power generation. It plans to double the data centre capacity in the next two to three years.