Savills facilitates land deal for Web Werks

International property consultant Savills India has facilitated a land transaction deal for data centre provider Web Werks, in Navi Mumbai.

Located at Thane-Belapur Road, Web Werks has bought close to an acre of land to build a 12.5 megawatts (MW) data centre with an estimated investment of Rs 400 crore.

The acquisition came close on the heels of Web Werks entering into a joint venture partnership with Iron Mountain, a storage and information management services company. As part of the agreement, the Boston-headquartered firm expects to invest $150 million in the next two years.

Niraj Karale, Head Data Centre, Savills India, said “At present, the data centre industry is extremely buoyant in cities such as Mumbai, Chennai, NCR, Benglauru, Hyderabad, and Pune. India holds immense potential to become a data centre hub owing to the availability of significant bandwidth speed, lower power tariffs and presence of hyper scalers. Additionally, the availability of state-of-the-art infrastructure, such as the one Web Werks intends to create is likely to fuel the growth of India’s data centre market.”