IndiaLand Group Managing Director Jaynit Raheja
| Photo Credit:
Supplied
IndiaLand Group, a Mumbai-based real estate company, is exploring to develop its first data centre project in and around Chennai. The project cost is expected to be between ₹500 crore and ₹2,000 crore, its Managing Director, Jaynit Raheja, said.
The proposed data centre will be developed in 8 lakh sq ft in size. Its development may be either a full data centre, a back-up or a data restoration facility. This will depend on market feedback and strategic considerations, he told businessline.
On other expansion plans, Raheja said the company has initiated solar power projects in Tamil Nadu, including one near Madurai. It is also considering developing smaller office spaces for sale or lease in Chennai.
Coimbatore is seen as one of India’s strongest tier-2 IT markets, displaying exceptional demand levels and consistent rental growth. The logistics sector in Chennai continues to expand rapidly, driven by highway development, port proximity, and overall economic momentum, he said.
IndiaLand’s SEZ IT Park at Coimbatore
| Photo Credit: Supplied
IndiaLand has been in operation for more than 2 decades, with its primary land banks and business activities concentrated in Tamil Nadu (60 per cent) and Maharashtra. The company develops IT parks, logistics and warehousing facilities, and retail assets, and is now exploring opportunities in the data centre segment.
Raheja said the company is expanding its Coimbatore IT Park, which began in 2008, with the construction of the final tower (fifth) that is expected to be completed in 18 months. Already 1.7 million sq ft have been developed in the campus, and the expansion will add 0.8 million sq ft, increasing the total to 2.5 million sq ft across five towers. The park currently houses around 80 tenants, including a global financial services firm occupying about 2.13 lakh sq ft, he said. The campus supports a working population of nearly 17,000 to 18,000 people, he added.
In the logistics sector, IndiaLand operates a logistics and warehousing park in Oragadam, which is fully functional and more than 95 per cent leased. The final 1 lakh sq ft of the project is currently under construction, while all other phases are already occupied.
The company’s clients include companies dealing in medical equipment, gym and fitness equipment, automotive components, and a variety of 3PL operators. Demand in this region has been rising steadily due to major infrastructure improvements, growing exports, and strong connectivity through highways, ports, and the international airport, he said. Occupancy across all assets is close to 100 per cent, he said.
Raheja said the total value of the assets under management is estimated at approximately ₹4,500 crore. IndiaLand currently earns approximately ₹200 crore annually from rental income.
Published on December 8, 2025
