CapitaLand India Trust to invest Rs 1,940 crore to develop data centre project in Chennai

CapitaLand India Trust Management Pte Ltd, the trustee-manager of CapitaLand India Trust (CLINT), is acquiring a 4.01-acre freehold site in Ambattur, Chennai for Rs 83.28 crore to develop its third data centre in India. CLINT will invest an estimated total amount of Rs 19.4 billion (about Singapore dollar 328.8 million) to acquire the site and develop a state-of-the-art data centre in phases over the next four to five years.