Indian real estate and investment company RMZ has set its sights on dramatically growing its data center footprint, with plans to reach 2 to 3 gigawatts of capacity within five years as part of a sweeping $35 billion investment strategy, according to a top company official.
The Bengaluru-based firm currently operates 250 megawatts of data center capacity. Deepak Chhabria, president of RMZ Infrastructure, told Reuters in an interview on Thursday that the company is in the final stages of negotiations on three separate data center projects that would collectively push its total capacity beyond 1 gigawatt.
Chhabria added that RMZ also intends to purchase land before the end of this year that could accommodate an additional 2 gigawatts of data center capacity.
Back in April, RMZ unveiled its plan to pour more than $35 billion into building co-location data centers and AI factories over the next five years, along with the possibility of an initial public offering.
India has become one of the most competitive battlegrounds for computing infrastructure, with global technology companies and major Indian conglomerates pouring billions into AI and data center development. The country’s digital infrastructure sector is expected to draw more than $50 billion in planned spending across data centers, cloud platforms, and AI ecosystems.
“We are seeing only positive signs from some of the hyperscalers, and I think by the middle of this year, we will start ramping up capacity as we get clients signed up,” Chhabria said, declining to identify specific customers.
RMZ operates across several major Indian cities, including Bengaluru, Mumbai, and Hyderabad. Chhabria said the data center expansion is also meant to serve as a gateway into related business areas such as graphics processing units, power infrastructure, and software development.
“Now we will use that as a stepping stone eventually to go up the food chain and build the bottom layer of power,” he said, describing the company’s ambitions to deepen its role in the infrastructure that underpins AI and cloud computing.
RMZ developed its current 250-megawatt capacity through a joint venture with UK-based Colt Data Centre Services, and Chhabria noted the two companies are continuing to explore further growth opportunities together.
