Real Estate
Indian Private Realtor RMZ Bets $1.7 Billion on Data Center Boom
- RMZ building one data center each in Maharashtra, Tamil Nadu
- Companies building data centers in India to meet AI needs
The server room at a data center in Navi Mumbai, India.
Photographer: Dhiraj Singh/BloombergThis article is for subscribers only.
Privately-held Indian developer RMZ Corp. is spending $1.7 billion in building two data centers as companies rush to develop infrastructure to capitalize on the artificial intelligence boom.
The data centers will help the Bengaluru-based real estate company diversify its business portfolio and gain from the soaring demand for data center services. “We wanted to reduce our dependencies on a single asset class and a single business,” RMZ Corp. Chairman Manoj Menda said in an interview.