Greater Noida realty to boom with two new data centres

March 16, 2021 Admin 2 mins

With the announcement of two new data centres, Greater Noida Authority aims to develop the region into a data centre hub, as this is the second allotment in the city.
A Japanese tech firm - NTT recently bought six acres of land to set up a mega project in Techzone-IV of Greater Noida. The firm will invest about Rs 1,000 crore for this data centre, which will have a capacity of 70 megawatts.

The two big data centre projects are likely to give a positive push to real estate as well. These projects will not only generate employment but are also expected to boost the commercial and residential real estate of the area.
The second investment for a data centre project in Greater Noida is from YOTTA Infrastructure, a subsidiary of the Mumbai-based Hiranandani Group.
In this 200 MW-capacity data centre, YOTTA will make an investment of Rs 6,000-7,000 (appx $950 million) crore in Knowledge Park-5.
The park will consist of 6 interconnected data centre buildings offering a capacity of 30,000 racks.
Darshan Hiranandani, Group CEO – Hiranandani Group said, “With our state-of-the-art campus, the NCR will get its first hyperscale data center facility which was long due. The region contributes over 10% to the Indian GDP and has a huge concentration of enterprises and start-ups who need reliable data centre services. The cooperation extended by the UP Government in all aspects such as land allotment, arrangement of electricity on open access basis etc. has been exceptional and will go a long way to augment the data centre infrastructure not only in this region but also in the country.”
About 20 acres of land has been allotted to the company for this project. These two investments are expected to lure other domestic and international investors for IT-enabled services in the city.

The data centres will create jobs and help in getting more investment for this industrial town. These data centres will be operational by 2022.
Once completed, Greater Noida will emerge as a hub of data centres in the country. These centres will store data of different social networking sites.
"The data centre outsourcing market in India is huge and is set to grow exponentially in the next few years. It is emerging as the new asset class due to its propensity to give good returns as compared to other assets. With Digital India gaining pace, many developers have planned to come up with data centres, thus giving additional opportunity to people to supplement their income,” said Amit Jain, MD, Mahagun Group.
These two projects are expected to create at least 1,500 jobs in Greater Noida’s IT-enabled field. As per reports, chief minister Yogi Adityanath directed officials to facilitate land allotment for the ambitious data centre project and also enable its operation without any problem. With these projects, Uttar Pradesh aims to become more data centre-friendly.
In the absence of adequate data centres in the country, data is largely stored in locations outside the country, but with this data park it will now be kept here safely.
Since these data centres consume large amounts of energy, the government has also made adequate arrangements for uninterrupted power supply which will be provided through the 'Open Access Scheme'. These projects also provide huge opportunities for both residential and commercial real estate to thrive in the region.

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