India's Data Centre Boom: Usage Jumps to 200 MW in H1 2024
India's data centre usage has witnessed a significant surge, nearly doubling to 200 MW in the first half of 2024, according to a report by Savills India, a leading real estate advisory firm.
Data CentreIndiaReal EstateSavills IndiaCloud ComputingReal Estate MumbaiAug 01, 2024
Mumbai and Pune are emerging as the top data centre hubs in the country, with several major players setting up their facilities in these cities. The growth in data centre usage is expected to continue, driven by the increasing adoption of digital technologies and the government's initiatives to promote data localization.
Savills India, a leading real estate advisory firm, has been tracking the growth of the data centre market in India. The company's experts believe that the demand for data centre space will continue to rise, driven by the growing need for cloud computing, artificial intelligence, and data analytics.
The growth of the data centre market in India is also driven by the increasing focus on data localization. The government's policies, such as the draft Data Protection Bill, are expected to drive the demand for data centre space in the country.
Real estate costs, OPEX, and other expenses are expected to play a crucial role in determining the feasibility of data centre projects in India. However, with the growing demand for data centre space, developers and investors are expected to find innovative ways to reduce costs and increase efficiency.
As the data centre market in India continues to grow, it is expected to create new opportunities for investors, developers, and service providers. With the increasing adoption of digital technologies and the government's initiatives to promote data localization, the demand for data centre space is expected to rise further in the coming years.
Information
Savills India is a leading real estate advisory firm that provides a range of services, including property consulting, asset management, and project management. The company has a strong presence in India and has been involved in several major real estate projects in the country.
Frequently Asked Questions
What is driving the growth of the data centre market in India?
The growth of the data centre market in India is driven by the increasing adoption of digital technologies, the growing need for cloud computing, and the government's initiatives to promote data localization.
Which cities are emerging as the top data centre hubs in India?
Mumbai and Pune are emerging as the top data centre hubs in India, with several major players setting up their facilities in these cities.
What is the current demand for data centre space in India?
The demand for data centre space in India is increasing rapidly, with the country's data centre usage nearly doubling to 200 MW in the first half of 2024.
What role do you think real estate costs will play in determining the feasibility of data centre projects in India?
Real estate costs, OPEX, and other expenses will play a crucial role in determining the feasibility of data centre projects in India. However, with the growing demand for data centre space, developers and investors are expected to find innovative ways to reduce costs and increase efficiency.
What opportunities do you think the growth of the data centre market in India will create?
The growth of the data centre market in India is expected to create new opportunities for investors, developers, and service providers. With the increasing adoption of digital technologies and the government's initiatives to promote data localization, the demand for data centre space is expected to rise further in the coming years.
Related News Articles
Rohan Builders Achieves Unparalleled Excellence with 14 Consecutive Years of CRISIL DA2+ Grading
Rohan Builders continues to maintain its prestigious DA2+ Developer Grading from CRISIL, demonstrating its commitment to excellence in financial and operational parameters.
Sebi Chief Remains Tight-Lipped on Real Estate Investment Trusts
REITs comprise a portfolio of commercial real estate assets, most of which are already leased out.
PGA of America Launches State-of-the-Art Golf Courses in Mumbai, Navi Mumbai, and Hyderabad
AIVOT Golf & Sports Management collaborates with Shapoorji Pallonji Real Estate, Stonecraft Group, and Tvastar Golf to introduce PGA of America-branded golf courses in Mumbai, Navi Mumbai, and Hyderabad, setting a new standard for golf excellence in India
Raymond Expands Real Estate Footprint with Mahim Project Deal
Raymond, in a strategic move, has signed a Joint Development Agreement for a prestigious residential project in the prime location of Mahim West, Mumbai.
Amrita Singh, Zaheer Khan Among Celebrities Investing in Mumbai's Luxury Real Estate
Amrita Singh and Zaheer Khan are among the latest celebrities making significant investments in Mumbai's luxury real estate market. Discover the trends and insights of these high-profile investments.
SP Group Raises $3.3 Billion from Five Funds to Boost Real Estate and Construction Projects
SP Group secures a significant $3.3 billion investment from five prominent funds, aimed at refinancing and expanding its real estate and construction projects. This strategic move will help the company solidify its position in the market and drive sustain