Adani Group company Terravista Developers has acquired 25 acres of land in Pune to build a data center.
A report in The Economic Times said the company had acquired the leaseholds for the plot, located in the Haveli locality, for Rs 471 crore ($56.6m) from Finolex Industries.
Details of the development have not been disclosed.
The land is owned by the Maharashtra Industrial Development Corporation and leased to Finolex Group (and previously Swastik Rubber). Adani Group now has the leaseholder rights to the plot.
Earlier this year, Adani Group announced plans to invest $6 billion in data center infrastructure in Mumbai and Pune.
AdaniConnex, a joint venture by Adani Enterprises and EdgeConnex, hosts and operates the Adani Group’s data centers.
Formed in 2021, AdaniConneX plans to develop 1GW of data center capacity in the next decade. Earlier this year, the company was reported to be attempting to raise $400 million to build data centers.
In 2022, AdaniConnex launched a data center in Chennai, offering a Phase 1 capacity of 17MW. The company is also planning facilities in Noida, Vizag, Hyderabad, and Mumbai.
A recent report from DC Byte said India led growth in the APAC region, adding over 2GW of committed and early-stage supply. More than 36 projects in the country claim to supply over 50MW.
