Hiranandani plans mega data parks, to invest ₹15,000 crore

NEW DELHI: After a successful stint in the real estate industry, property tycoon Niranjan Hiranandani is setting his sight on what he believes could become another big moneymaker: Selling data storage services to companies such as Amazon and Alphabet or the parent company of Google.

Marking a foray into the digital technology infrastructure sector that India is looking to accelerate, Mumbai-based real estate developer Hiranandani Group has lined up investments of nearly Rs 15,000 crore over the next five to seven years for setting up data centres in Panvel in the outskirts of Mumbai and Chennai.