Tuesday, September 26, 2023
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Web Werks will invest Rs 400 crore in Navi Mumbai to build a 12.5 MW data centre.

The firm’s land acquisition was aided by international property consultant Savills India

Web Werks, a colocation data centre provider, has invested Rs 400 crore in Navi Mumbai to build a 12.5 megawatt data centre. Savills India, an international property consultancy, recently helped the company complete a land transaction. Web Werks has purchased nearly an acre of land on Thane-Belapur Road with an estimated investment of Rs 400 crore to build a 12.5 megawatt (MW) data centre. 

Web Werks had only just formed a joint venture with Iron Mountain, a storage and information technology services provider, once it was acquired. The Boston-based corporation plans to spend $150 million over the next two years as part of the deal.

In Cloudscene’s H1 2019 Data Center Ecosystem Leaderboard, Web Werks is a colocation Data Center provider listed among the top five. In Mumbai, Pune, and Delhi-NCR, the company operates three tier-3 carrier-neutral data centres with a cumulative footprint of 2.25 lakh sq ft. It also gives you access to a neutral interconnection ecosystem with over 16 carriers, service providers, and cloud providers.

During the ongoing pandemic, Savills India has assisted with a range of essential property and land transactions. Given the growing demand for data centres in India, the company recently launched a Data Center Services division and aims to facilitate more such transactions in the future.

According to Savills, the demand for data centre space in India will increase by 15-18 million sq ft in the next 2-3 years across the major cities. Over the next 2-3 years, NASSCOM predicts a total investment of $28 billion in the Indian data centre industry over 2019-2025. Private investors are expected to increase their investment operation.

“At present, the data centre industry is extremely buoyant in cities such as Mumbai, Chennai, NCR, Bengaluru, Hyderabad, and Pune. India holds immense potential to become a data centre hub owing to the availability of significant bandwidth speed, lower power tariffs and presence of hyper scalers. Additionally, the availability of state-of-the-art infrastructure such as the one Web Werks intends to create is likely to fuel the growth of India’s data centre market,” said Niraj Karale, Head Data Centre, Savills India. 

Nikhil Rathi from WebWerks said “We are thrilled about the land acquisition and the expansion planned for the company. Savills India ensured that Web Werks gets a strategic land parcel and eased the entire process for us with a great turn around. With this set up already taking shape in Mumbai, we shall now look at expanding our joint footprint across other top Indian cities.”  

Source: Business World

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