Jitendra Kapoor and Tusshar Kapoor's companies have sold a commercial property in Mumbai's Chandivali area for Rs 559.25 crore. NTT Global Data Centers & Cloud Infrastructure India acquired the DC-10 Building. This follows a previous land deal between the actors' firms and the Japanese multinational.
In the Real Estate & Construction sector, this deal highlights the increasing demand for data center properties, potentially leading to a shift in focus from traditional commercial spaces to specialized infrastructure supporting AI and cloud computing. Construction companies may see increased demand for building and retrofitting properties to meet the specific requirements of data centers, while real estate developers could prioritize projects that cater to the growing data center market.
For businesses relying on AI, increased data center capacity translates to better access to computing resources, reduced latency, and improved performance for AI applications. It enables easier scaling of AI infrastructure and allows for the implementation of more complex AI models. Businesses must strategize how to utilize the increased compute availability.