Tower 1 at Airoli is 34 MW of IT capacity behind 50 MW of gross power capacity, completed, and part of a campus fully leased to a single global hyperscaler. It is a small record and it is the most important one in this batch, because it is the exact shape every record in this registry should have: the sellable figure and the infrastructure figure, both stated, both dated, both attributable to a filing. Three records earlier in this file were flagged additive and carried no capacity at all, hiding 8.8 MW. This one carries 34 MW and hides nothing.
1At a glance
2The 1.5 constant, six data points
| Asset | Ratio | Reading |
|---|---|---|
| CapitaLand Chennai 01 | 1.56 | New build, liquid-cooled ready, most headroom |
| CapitaLand Hyderabad | 1.56 | Same design generation |
| CapitaLand Navi Mumbai campus | 1.52 | Two towers averaged |
| CapitaLand Tower 1 | 1.47 | Tightest CapitaLand build in the file |
| NTT NAV1A | 1.50 | 45 MW facility against 30 MW IT |
| Iron Mountain MUM-3 | 1.41 | Substation sized with no spare |
Take any published capacity number in India. Multiply by 1.5. If the answer is a plausible substation size for the site, the number was IT load. If dividing by 1.5 gives you the substation, the number was facility or gross power.
CapitaLand Tower 1 makes the rule visible because it publishes both: 34 × 1.5 = 51, against a stated 50 MW of gross power. A 2% error across an unstated scope.
This is the check that separates the 85 MW that will get built from the 3 GW that is a letter of intent, and it costs nothing to apply.
3Sixteen megawatts of headroom
The gap between gross power and IT load is 16 MW of built infrastructure that is not yet sold as load. On a completed, fully leased building that is a specific commercial statement.
| Item | MW | Note |
|---|---|---|
| Gross power capacity | 50 | What the site can draw |
| IT load capacity | 34 | What can be sold to tenants |
| Difference | 16 | Cooling, losses, distribution and design margin |
| As a share of gross | 32% | Normal for a completed Indian build |
| Ratio to IT | 1.47 | Inside the 1.4 to 1.6 band |
Read carefully, none of that 16 MW is spare capacity a tenant could buy. It is the cooling plant, the transformation losses and the redundancy that the 34 MW requires. A building with a 1.47 ratio is not holding back 16 MW; it is spending it on physics.
This is the misunderstanding that inflates published Indian capacity totals. Add up every gross power figure in the market and you get a number roughly 1.5 times the sellable capacity, and then it gets quoted as though it were the sellable capacity.
4Procurement
5Limits and open questions
- 34 MW is IT capacity as stated in the CIDCF filing. It is the figure counted.
- The tenant is not named, so counterparty risk cannot be assessed from public sources.
- Completion is per a December 2025 filing; the campus release of October 2026 confirms the campus, not this tower separately.
- No floor area is published for the tower, so no density or area-per-megawatt figure exists.
- 20.2% of the asset is held by CIDCF; the trust holds the balance. Ownership matters for who can sell capacity.
- 34 MW is counted once, through this record. The campus aggregate is excluded to prevent double counting.
- What would close it. A lease term and a named tenant category.
6Sources
Sources: the CapitaLand India Data Centre Fund release of 31 December 2025; the CapitaLand Investment release of 15 October 2026; CapitaLand data centre listing pages; and CLINT results disclosures.