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Rustomjee Group plans entry into data centre segment

Monday, 27 May 2024
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Keystone Realtors, also known as Rustomjee Group, plans to foray into the data centers segment as well as launch plotted development projects near Mumbai. This would help it grow its positioning and serve across various segments.

The company is currently active in the redevelopment space in the Mumbai Metropolitan Region (MMR), intends to expand into new verticals has added 15 new developments (projects) in the last two financial years, out of which 12 are redevelopment. The company has land banks and the development capabilities to construct data centres, as it continues to explore potential in other real estate segments as well.   

The Group will launch its first plotted development project in Kasara Ghat near hill station Igatpuri, about three to four hours from Mumbai. In 2023, the government  decided to provide infrastructure status to data centres in a move to help developers get better access to institutional credit at lower rates and attract foreign investments.

Meanwhile, real estate company, Anant Raj, is also developing a 300 MW power load data centre at three locations in Haryana.

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