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NTT Navi Mumbai 2 (NAV2) data center

Navi Mumbai, Maharashtra, India · Mumbai metro market · location approximate to district level

NTT Navi Mumbai 2 (NAV2) is a data center project in Navi Mumbai, India, operated by NTT Global Data Centers. It has been announced and has not yet reached the land or permitting stage. It is planned for 336 MW of IT load.

Latest change on record: entered the record as announced on 20 March 2025.

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Stage
Announced
Planned IT load
336 MW
Running now
Not disclosed
Operator
NTT Global Data Centers
Colocation
AI workloads
Likely
Evidence grade
Sourced
Will it get built?Open question2 of 7 gates passed
✓ Land secured○ Power arranged○ Approvals granted✓ Money committed○ Tenant or own use○ Builder appointed○ Construction started

Next gate to watch: Power arranged.

Your call. Will it be built?

Build odds is ArusGrid's reading of the public record, not a forecast, a rating or advice. It counts the gates this project has passed in public sources. Private progress does not show, a passed gate can be undone, and projects that pass every gate still stop. The method has not yet been tested against outcomes. How it works.

How India approves, powers and taxes data centers is on Data center rules in India.

How well evidenced is it

One or two hard signals sit behind the announcement. On record: named funder, three or more sources, dated source in the last 24 months. Criteria.

AI workloads

StatusLikely

Greenfield campus announced at 336MW IT capacity; W.Media's coverage of the launch cites liquid immersion and direct-contact liquid cooling designs, which the operator has not confirmed in a source reached.

Access to AI chips

GradeNo US licence required

This country carries no US destination-based licence requirement for advanced AI chips as the rules are enforced today. Access is a commercial matter between the project and its vendors. Criteria.

Stage history

2025-03-20Announced · datacenterdynamics.com

Who is behind it

OperatorNTT Global Data Centers · Colocation
Funder, EquityNTT DATA

Who uses the compute

Checked on 2026-10-02. No user of this capacity is on the public record. ArusGrid read the operator's releases, the landlord's and contractors' exchange filings, regulator and lender documents and interconnection records. Most colocation leases are confidential, so this says nothing about occupancy.

Money at this site

ArusGrid estimate, building costabout US$1.9bn to US$2.8bn

No figure has been announced. This range is 336 MW of planned IT load times a published benchmark of US$6.64 per watt for Mumbai, plus or minus 15 percent, with 10 percent more at the top for liquid cooling because the project is AI-positioned. It covers the building and its mechanical and electrical plant. It excludes land, grid works, servers and fees.

Benchmark: Turner & Townsend Data Centre Construction Cost Index 2025, as reported by Data Storage Asia. An estimate is never added to any total on the site.

Colocation price per kW of IT load per month

ArusGrid estimate, grade CINR 6,800 to INR 8,900 (about USD 81 to 106)

ArusGrid estimate, grade C. Published band for this country. Priced on the hyperscale band, which already reflects anchor deals. No usable capex for this site. Electricity unstated in the band. An estimate, never a quote, computed by fixed rules published on the Colo prices page and never counted in any total.

market band, hyperscale (2024-12)INR 6,800 to INR 8,900 Cushman & Wakefield for Sify Infinit Spaces, 2025-10-16
Land
Industrial estateMIDC (TTC Industrial Area, Airoli) · 54 acres · Sep 2024 Inferred by ArusGrid source ↗
ICRA gives the Navi Mumbai campus as 54 acres. The landholder is not named.
Why we think so. ICRA states the 54 acre area. MPCB consents place NAV2 at Plots B1 and B2, TTC Industrial Area, an MIDC estate, so MIDC as estate operator is our link.
Water and cooling
CoolingImmersion cooling Reported source ↗
Liquid immersion cooling and direct contact liquid cooling
CoolingDirect liquid cooling Reported source ↗
NTT said NAV2 uses direct contact liquid cooling (DCLC) as well as liquid immersion cooling. Immersion is already held.

Sources

  1. NTT announces 500MW NAV2 data center in Navi Mumbai, India (DCD, 2025-03-20)
  2. NTT launches 500 MW DC campus in Mumbai (W.Media, 2025-03-21)
  3. NTT Global Data Centers NAV2 Private Limited: rating rationale (ICRA, 2025-10-06)
  4. NTT news release on India data centre development (NAV2) (NTT, 2021-11-08)
  5. Minutes of IInd sitting 8th Consent Appraisal Committee Meeting of 2021-2022 held on 20.12.2021 at MPCB, Mumbai (Maharashtra Pollution Control Board, 2021-12-20)
  6. Action Taken Reprot of 8th CAC Meeting IInd Sitting Booklet No. 19 Establish (Maharashtra Pollution Control Board, 2022-03-11)
  7. Action Taken Report of 12th CAC Meeting of 2025-26 (Booklet No. 12) (Maharashtra Pollution Control Board)
  8. NTT Global Data Centers NAV2 Private Limited: [ICRA]AA-(Stable) assigned (ICRA, 2024-09-25)
  9. India DC13 NTT B1 B2 DCCC epi TIA942IN250529001 (TIA (Telecommunications Industry Association), 2025-05-29)
  10. Minutes of 12th CAC Meeting of 2025-26 (Booklet No. 12) (Maharashtra Pollution Control Board, 2025-12-01)
  11. NTT Global Data Centers NAV2 Private Limited (Telecommunications Industry Association (TIA-942 certification registry))

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