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
Maharashtra: Real Estate Sectors Anticipates Revolutionary Changes with New Government
The real estate sector in Maharashtra is buzzing with optimism as the newly formed government is expected to introduce transformative policies that could unlock significant growth and development in the industry.
Raymond Injects INR 150 Crore into Subsidiaries to Boost Real Estate Growth
Raymond, a leading textile and apparel conglomerate, has approved significant investments to bolster the growth of its real estate subsidiaries, Ten X Realty West and Ten X Realty.
LIC Housing Finance to Slash Home Loan Rates by 25 Basis Points Starting April 28
LIC Housing Finance has announced a reduction in home loan interest rates by 25 basis points, effective from April 28. This move aligns with the Reserve Bank of India's (RBI) recent decisions and the current market conditions, aiming to stimulate consumer confidence in the housing sector.
Real Estate Agents Brutally Assaulted in Mumbai Mistaken for BMC Informants
DN Nagar police have arrested three individuals who stripped and gave electric shocks to four real estate agents, mistaking them for BMC informants. The incident took place in Andheri West and has sparked widespread outrage.
High Demand for Mid-Premium Homes in Indian Real Estate
The Indian real estate market is witnessing a surge in demand for mid-premium homes, particularly in key metropolitan cities like Mumbai. NRIs and HNIs are finding these properties increasingly appealing due to their value and potential for appreciation.
Private Equity Investments in Indian Real Estate Soar to $4.2 Billion in 2024
Private equity investments in Indian real estate surged to $4.2 billion in 2024, marking a 32% increase from the previous year. This growth is particularly significant in cities like Mumbai, which continues to attract substantial capital.