Mapletree Invests in India's Booming Data Centre Market with $500-700 Million
Singapore-based real estate giant Mapletree is set to invest $500-700 million in India’s data centre market, starting with a 400 MW project in Mumbai. The move is part of the company’s strategic expansion into the rapidly growing sector.
Data CentreReal EstateMapletreeInvestmentIndiaReal Estate NewsOct 05, 2025
It is also exploring other major cities such as Hyderabad, Pune, and Bengaluru for similar developments. This strategic move is seen as a natural extension of Mapletree’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 of assets under management across office and logistics properties. Upon the completion of its under-construction properties in Pune and Mumbai, its portfolio is expected to reach 21.5 million square feet, according to Quek Kwang Meng, Regional CEO, India, Mapletree.
In 2023, Mapletree partnered with Ivanhoe Cambridge, the real estate subsidiary of Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ), to set up a platform that will invest over Rs 15,000 crore in technology sector-focused workplaces in the country. Last year, the company acquired a 41-acre land parcel in Bengaluru for Rs 1,900 crore.
India’s data centre market is experiencing rapid growth, driven by increasing demand for digital services and cloud computing. Third-party data centre capacity in the country is expected to double to 2,400-2,500 MW by fiscal year 2028, up from 1,250 MW in fiscal year 2025, according to a report by rating agency Icra. This growth will be fueled by an investment of Rs 90,000 crore.
Mapletree’s entry into the Indian data centre market is a strategic move that aligns with the company’s long-term vision of diversifying its portfolio and capitalizing on the growing demand for high-quality data infrastructure. The company’s experience in managing and developing data centres in Singapore positions it well to navigate the complexities of the Indian market and deliver robust solutions for its clients.
Frequently Asked Questions
What is Mapletree's planned investment in India's data centre market?
Mapletree is planning to invest between $500 million and $700 million in India's data centre market, starting with a 400 MW project in Mumbai.
Which cities is Mapletree exploring for its 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 by 2028?
India’s data centre market is expected to double to 2,400-2,500 MW by fiscal year 2028, up from 1,250 MW in fiscal year 2025.
What is the current size of Mapletree's portfolio in India?
Mapletree currently has $2 billion of assets under management across office and logistics properties in India. Upon the completion of its under-construction properties, its portfolio is expected to reach 21.5 million square feet.
What strategic partnership did Mapletree form in 2023?
In 2023, Mapletree partnered with Ivanhoe Cambridge to set up a platform that will invest over Rs 15,000 crore in technology sector-focused workplaces in India.
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