DLF to invest Rs 3,400 crore in Noida data center and IT park

DLF is planning to invest Rs 3,400 crore in its DLF Techpark and data centers in Noida. The facility, located in Sector 143 in Noida, will span over 25 acres. Around 1.2 million sq ft of housing, IT blocks, and data center space has been built at the park so far.  

The company has pre-commitments for two buildings already constructed at the site - an IT block, and a data center with around 400,000 sq ft of IT space. 

Noida is home to several data center operators including Adani & EdgeConnex's JV AdaniConneX, Yotta, and STT GDC. Sify Technologies and CapitaLand are also planning new facilities in the region. 

The client for the data center, whose name cannot be disclosed, has also committed to a further 370,000 sq ft of data center space at the campus which is now under construction. 

Karun Varma, senior executive director, north offices business, DLF, said, “We have recently received inquiries for more IT space in the area, and that encourages us to plan for the next phase there. Out of the 1.15 million square feet that have already been constructed (as part of the first phase), one million square feet have already been committed by clients." 

The next phase of development will see another 2 million sq ft developed. 

DLF is a real estate investment, development, and management company based in India. In total, the company has developed around 31.25 million sqm (336m sq ft) of real estate.