Anant Raj Cloud Joins Forces with Google to Power India's Digital Revolution
Real Estate News - Get the latest updates on India's data center market and its growth potential...
Anant Raj CloudGoogleIndia Digital GrowthData Center MarketCloud ComputingReal Estate MumbaiJul 21, 2024
Under the agreement, Anant Raj Cloud will be responsible for offering data center infrastructure, managed services, and cloud solutions. The company will also develop innovative technological solutions tailored to customer needs, focusing on AI-infused applications for data infrastructure, productivity, and security.
Currently, Anant Raj Cloud is developing data centers with a total IT load capacity of 300 MW across locations in Manesar, Rai, and Panchkula. The initial phase at Manesar is already operational. The company owns significant land assets for these projects, including 1.2 million square feet on a 10-acre site in Manesar, 2.1 million square feet on a 25-acre plot in Rai (with potential for capacity doubling), and 500,000 square feet on a 10-acre plot in Panchkula, with options for expansion.
India, the world's second-fastest-growing digital economy, is witnessing substantial growth in its data center market, with cloud spending expected to increase at a CAGR of 30%. Industry experts predict a robust demand for approximately 20 million square feet of data center space across key Indian cities over the next four to five years.
Recent transactions in the Indian data center market have involved over 500 acres of land for development. Mumbai leads with 45% of these transactions, followed by Hyderabad at 26% and Pune at 14%. This growth highlights India's increasing significance as a hub for data center investments and digital infrastructure.
About Anant Raj Anant Raj is a New Delhi-based real estate developer with a diverse portfolio of residential, commercial, and infrastructure projects.
Information The Indian data center market is expected to grow exponentially in the coming years, driven by the increasing demand for cloud services, big data analytics, and IoT applications.
Frequently Asked Questions
What is the aim of the partnership between Anant Raj Cloud and Google?
The partnership aims to enhance data center infrastructure and provide comprehensive cloud platform services to various public and private enterprises.
What is the total IT load capacity of the data centers being developed by Anant Raj Cloud?
The total IT load capacity of the data centers being developed by Anant Raj Cloud is 300 MW across locations in Manesar, Rai, and Panchkula.
What is the expected growth rate of cloud spending in India?
Cloud spending is expected to increase at a CAGR of 30% in India.
Which city leads in terms of data center transactions in India?
Mumbai leads with 45% of the data center transactions in India, followed by Hyderabad at 26% and Pune at 14%.
What is the estimated demand for data center space in India over the next four to five years?
The estimated demand for data center space in India is approximately 20 million square feet over the next four to five years.
Related News Articles
Vadhvan Port Development Gets Rs 17 Billion Boost with Tender for Major Works
The Vadhvan Port Project, a major joint venture with the JNPA holding a 74 per cent stake, has received a significant financial boost with the announcement of a Rs 17 billion tender for crucial construction works.
Birla Estates Secures 71-Acre Land in Boisar for Rs 104.3 Crore
Birla Estates, a notable subsidiary of Aditya Birla Real Estate, has made a significant acquisition by purchasing 70.92 acres of land in Boisar, Maharashtra, for Rs 104.3 crore. This strategic move is expected to bolster the company's real estate portfoli
2024: A Year of Transformation for Residential and Commercial Real Estate
2024 marked a transformative year for the real estate market, with luxury residences and premium commercial properties leading the way. Heightened demand, innovative practices, and supportive government policies fueled a robust performance, paving the way
Political Storm Erupts Over Hyderabad Realtor's Tragic Suicide
The suicide of real estate developer Venu Gopal Reddy has ignited a political uproar, with opposition leaders blaming the government for his death and accusing it of neglecting the business community.
India's Top Cities Witness Record Office Space Supply in 2024
India's top seven cities saw a record-high supply of office space in 2024, driven by robust demand from IT-ITeS, BFSI, and flexible workspaces. The supply reached 515 lakh square feet, marking a significant milestone in the commercial real estate sector.
Real Estate Sector Poised for Record Rs 60,000 Crore Launches in Q4
The Indian real estate sector is gearing up for a record-breaking quarter, with launches expected to reach an unprecedented Rs 60,000 crore in Q4. This surge is driven by a combination of favorable market conditions, robust demand, and strategic developer