New Delhi, Sept. 15 -- Anant Raj, a leading real estate developer in the NCR region, saw its shares surge 12% in intraday trading on Monday, September 15, hitting a high of Rs.595.50 apiece, marking its biggest intraday jump in 13 months. The sharp rally followed reports that India is considering a tax exemption of up to 20 years for data center developers.

Though the company is known for its real estate activities, it diversified its portfolio towards data centers and set ambitious targets to capitalize on the growing demand for data center infrastructure.

The government is considering a tax exemption of up to 20 years for data centre developers, provided they meet targets on capacity addition, energy efficiency, and job creation, acco...