Rmz, a Bengaluru-based real estate and investment firm, plans to scale its data center capacity from 250 megawatts to 2 to 3 gigawatts over the next five years as part of an investment push of more than US$35 billion.

Rmz Infrastructure president Deepak Chhabria said the company is in final-stage talks on three data center projects that would take total capacity above 1 gigawatt.

The company also plans to acquire land by the end of the year that could support 2 gigawatts of data center capacity.

Rmz previously said the investment plan could be accompanied by a potential IPO.

India’s digital infrastructure sector is expected to attract more than US$50 billion in planned spending across data centers, cloud, and AI ecosystems.

Rmz has previously identified Bengaluru, Mumbai, and Hyderabad as cities for expansion.

🔗 Source: Reuters