Mapletree Invests in India's Booming Data Centre Market
Singapore-based real estate giant Mapletree is set to enter India's data centre market with a major investment of $500-700 million, targeting cities like Mumbai, Hyderabad, and Bengaluru.
MapletreeData CentreIndiaReal EstateInvestmentReal Estate MumbaiOct 05, 2025
Mapletree is also exploring other major cities such as Hyderabad, Pune, and Bengaluru for similar projects. This strategic move is seen as a natural extension of the company's existing portfolio, which includes office properties and logistics parks. When contacted, Mapletree declined to comment on the matter.
Mapletree already owns several data centres in Singapore through its real estate investment trust (REIT). The company has a substantial presence in India, with $2 billion in assets under management across office and logistics properties. Upon the completion of its ongoing construction projects in Pune and Mumbai, its portfolio is expected to expand to 21.5 million square feet, as stated by Quek Kwang Meng, Regional CEO, India, in a recent interview with Private Equity Real Estate.
In 2023, Mapletree formed a partnership with Ivanhoe Cambridge, the real estate subsidiary of the Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ), to establish a platform that will invest over Rs 15,000 crore in technology sector-focused workplaces in India. Last year, Mapletree acquired a 41-acre land parcel in Bengaluru for Rs 1900 crore, further solidifying its commitment to the Indian market.
India's data centre market is witnessing exponential growth, driven by the increasing demand for cloud services, digital transformation, and the proliferation of data-intensive applications. According to rating agency Icra, third-party data centre capacity in the country is expected to double to 2,400-2,500 MW by FY28, up from 1,250 MW in FY25. This growth will be fueled by investments totaling Rs 90,000 crore.
Mapletree's entry into India's data centre market is a strategic move that aligns with the company's broader vision of diversifying its portfolio and capitalizing on the growing demand for data centre infrastructure. The company's strong financial position and extensive experience in real estate development position it well to succeed in this highly competitive sector.
Frequently Asked Questions
What is Mapletree's planned investment in India's data centre market?
Mapletree plans to invest between $500 million and $700 million in its initial data centre project in Mumbai, with a capacity of around 400 MW.
Which cities is Mapletree exploring for data centre projects?
Mapletree is exploring cities such as Mumbai, Hyderabad, Pune, and Bengaluru for its data centre projects.
What is the expected growth in India's data centre market?
India's third-party data centre capacity is expected to double to 2,400-2,500 MW by FY28, up from 1,250 MW in FY25, driven by investments totaling Rs 90,000 crore.
What is Mapletree's current presence in India?
Mapletree has $2 billion in assets under management across office and logistics properties in India. Upon completion of its ongoing projects, its portfolio will expand to 21.5 million square feet.
What is the strategic rationale behind Mapletree's entry into the data centre market?
Mapletree's entry into the data centre market is a natural extension of its existing portfolio, which includes office properties and logistics parks, and aligns with the growing demand for data centre infrastructure in India.
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