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Yotta NM2 data center

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

Yotta NM2 is a data center project in Panvel, India, operated by Yotta Data Services. It is under construction. The published capacity figure is 80 MW, and its basis is not stated as IT load.

Latest change on record: entered the record as under construction on 11 September 2026. Record last checked against its sources on 21 October 2026.

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Stage
Under construction
Planned IT load
80 MW
unstated
Running now
Not disclosed
Operators rarely publish this
Operator
Yotta Data Services
Colocation
AI workloads
Confirmed
Evidence grade
Corroborated
Will it get built?Open question3 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.

Where it sits

Mumbai metro holds 32 active projects with 2,694 MW of planned IT load between them, and Yotta NM2 ranks 13th by planned capacity. Of those, 4 are operational, 5 are operational and expanding, 11 are under construction, 6 are at the land and permitting stage and 6 are announced only. Published colocation vacancy in Mumbai metro was 6.6% as of June 2025. Vacancy excludes hyperscaler self-build.

Yotta has 4 others in India tracked by ArusGrid, including Yotta D4, Yotta D2 and Yotta NM1. It sits on the Yotta Panvel (Hiranandani Fortune City) campus. No tenant has been disclosed, which is normal for colocation and says nothing about occupancy.

The stage was recorded as under construction on 11 September 2026.

The US export control position for advanced AI chips in India, as of 27 September 2026, is recorded as “No US destination-based licence requirement as enforced”. ArusGrid holds 4 public sources for this project, the latest dated 18 October 2026, and last checked the record on 21 October 2026.

How well evidenced is it

Construction or financing is evidenced, or several independent signals agree. The rules are fixed and published on the Methodology page.

Reaching this stage requires a dated construction source, which corroborates the project on its own.

Named funderNo
Disclosed clientNo
Committed or approved capitalNo
Dated, sized phaseYes
Three or more sourcesYes
Dated source in the last 24 monthsYes

AI workloads

StatusConfirmed

CEO Sunil Gupta told Moneycontrol on 2026-09-11 that NM2 will house 40,000 Nvidia GB300 GPUs for Yotta's own Shakti Cloud, with the building currently being fitted out.

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 are published on the Methodology page.

US licence required for this destination as enforcedNo
A party headquartered in China or Macau on the projectNo
Country-level export frameworkNo
A party named in a government authorisationNo
US approved operator or confirmed client on the projectNo
Named chip-vendor partnershipNo

No US destination-based licence requirement as enforced · No US destination-based licence requirement as enforced (2026-09-27) source

Phases

NM2 · Under construction80 MW, target 2027

Stage history

2026-09-11Under construction · techtimes.com

Who is behind it

OperatorYotta Data Services · Colocation

Who uses the compute

No tenant disclosed. Most colocation leases are confidential, so this says nothing about occupancy. Not yet checked against second-order sources.

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 estateHiranandani Fortune City, Panvel (Hiranandani Group) · 600 acres · Oct 2026 Confirmed source ↗
NM2 sits inside the 600-acre Hiranandani Fortune City. Area is campus level. Yotta is a Hiranandani Group company.

Sources checked 2026-10-21

  1. India's Yotta Plans 80,000 Vera Rubin GPUs (Tech Times, 2026-09-12)
  2. Yotta Bets $12B on 80,000 Nvidia Vera Rubin GPUs (Shattered, 2026-09-17)
  3. Yotta Data Centers (Yotta, 2026-10-18)
  4. Yotta Data Centers (Yotta Data Services, 2024-01-01)

More in Mumbai metro

Also run by Yotta

All projects in Mumbai metro · All projects in India · All Yotta projects · All projects under construction · Data center rules in India · Full directory

Planned MW is IT load, the power available to servers, unless marked otherwise. Running capacity is rarely published, so a missing figure means undisclosed. Definitions, sourcing standards and evidence rules are on the Methodology page. Data is CC BY-NC 4.0. Corrections go to corrections@arusgrid.com. Dataset updated 2026-10-18.