ESR has made its maiden investment in India with a INR 900 crore (€84m) multi-storey data centre in Rabale, Mumbai, the fastest-growing data centre micro-market in the country.
The “hyperscale-ready” facility ESR Rabale MU1 Data Centre has been pre-leased to a major information and communications technology company.
Stuart Gibson, co-founder and co-CEO of ESR, said: “As ESR’s first data centre in India, MU1 marks a key step in advancing our pan-APAC digital infrastructure strategy, leveraging our vertically integrated development capabilities and experience across high-demand markets.”
Gibson said the country was one of the most compelling data centre growth markets globally, driven by rapid digital adoption, data localisation requirements and the rise of cloud and AI workloads.
“The market is also supported by the country’s continued investments in power grid transformation and the abundance of renewable energy available at competitive prices,” he added.
Abhijit Malkani, CEO, India, ESR, said: “MU1 is a landmark project for us, combining scale, connectivity and power security in one of Mumbai’s most-established data centre clusters. As digital demand continues to surge, we are well‑placed to build high‑quality data centre hubs across the country, supported by our APAC experience, strong capital partnerships and integrated development platform.”
Diarmid Massey, CEO, Data Centres, ESR, added: “MU1 reflects ESR’s blueprint for developing next-generation, high-density data centres. The development builds on our proven track record across APAC and highlights the strength of our data centre platform, underpinned by a pipeline of over 3GW of secured land and power.”
