India generates roughly 20% of the world’s data but runs on just 2% of global data center capacity. RMZ Group looked at that mismatch and saw a $35 billion opportunity.

The Bengaluru-based real estate and alternative asset platform has unveiled a five-year investment plan aimed at expanding its data center footprint from approximately 250 MW to a staggering 2-3 gigawatts.

Where the money goes

About half of the total investment, roughly $17.5B, is earmarked specifically for digital infrastructure. That bucket includes colocation data centers and what the company calls “AI factories,” purpose-built facilities designed to handle the intensive compute workloads that artificial intelligence demands.

The remaining funds will flow into mixed-use commercial and residential projects.