Singapore based property developer and investor Mapletree is looking into foray into development of data centres in the country, sources in the know said. Mapletree is looking to invest $500-700 million in its maiden data centre project in Mumbai which will have a capacity of around 400 MW, source said .

Anchor investment and strategic rationale

It is also exploring cities such as Hyderabad , Pune, Bengaluru among other for similar centres, sources said. “It is a natural extension for them after office properties and logistics parks ,” sources said

When contacted, Mapletree declined to comment on the matter.

Mapletree owns many data centres in Singapore through its real estate investment trust (REIT).

Mapletree has $ 2 billion of assets under management across office, logistics

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