Indian real estate and investment firm RMZ is set to significantly expand its data center capacity to 2-3 gigawatts over the next five years, supported by a substantial $35 billion investment initiative. Currently holding 250 megawatts, the company is nearing agreements for three data center projects that will boost total capacity above 1 gigawatt, according to Deepak Chhabria, president of RMZ Infrastructure. This expansion comes amidst increasing competition in India’s digital infrastructure sector, which is attracting over $50 billion in planned investments from both global tech firms and Indian conglomerates looking to enhance AI and cloud capabilities.
RMZ: RMZ is an Indian diversified real estate and investment firm headquartered in Bengaluru with operations across major cities including Mumbai and Hyderabad. The company is scaling its data center business through existing joint ventures and a multi-year investment strategy focused on co-location facilities and AI infrastructure. Its expansion supports growing demand from global technology firms seeking computing capacity in one of the world’s fastest-developing digital markets.
Deepak Chhabria: Deepak Chhabria is president of RMZ Infrastructure, where he leads the firm’s data center development and related infrastructure initiatives. He recently detailed RMZ’s capacity expansion targets and strategic entry into power and AI-adjacent businesses during an interview with Reuters. Chhabria’s role drives the company’s transition from traditional real estate into comprehensive digital infrastructure projects.
Sector Trends: Real estate companies are increasingly entering allied businesses such as power infrastructure and GPU services to support the full stack of AI and cloud computing needs.
Market Position: India is one of the most fiercely contested markets for AI and data center capacity as global technology firms and Indian conglomerates accelerate infrastructure builds.
Investor Activity: Hyperscalers are signing deals with Indian partners to develop AI-enabled data centers, signaling sustained momentum in the country’s digital infrastructure ecosystem.