India's Data Centre Market Sees 21% Growth in H1 2024, Mumbai Dominates with 54.9% Share
India's data centre market witnessed a 21% growth in total data centre stock in the first half of 2024, with Mumbai leading the way with a substantial 54.9% share of the total capacity.
Data Centre MarketIndiaMumbaiData Centre CapacityColocation ServicesReal Estate PuneAug 01, 2024
According to a report by Savills, the market witnessed transactions of around 200 MW in IT capacity during the January-June period of 2024. The report also stated that there was an increased demand for Edge Data Centres (smaller facilities located close to the population they serve) emerging from Tier-II and Tier-III cities.
The total stock of data centres in the country has grown 21% year-on-year to 942 MW in H1 2024, from 778 MW in the corresponding six-month period last year. Since 2014, when the metric stood at 158 MW, the total capacity has grown at a compounded annual growth rate of 22%.
The demand for data centre capacity in India is expected to grow to approximately 400 MW by the end of 2024, with hyperscalers, BFSI, IT and ITeS, and service sectors driving the demand. Data centre operators are expanding their service offerings beyond colocation to include networking, cloud solutions, specialized hardware like GPUs, and other managed services.Savills India's Director and Lead Data Centre Services,
Frequently Asked Questions
What is the growth rate of the data centre market in India in H1 2024?
21%
Which city dominates the data centre market in India?
Mumbai, with a 54.9% share of the total capacity
What is the expected demand for data centre capacity in India by the end of 2024?
400 MW
Who are the main drivers of demand for data centre capacity in India?
Hyperscalers, BFSI, IT and ITeS, and service sectors
What is the compound annual growth rate of the data centre market in India since 2014?
22%
Related News Articles
Chakr Innovation Paves the Way for a Healthier Environment at CII Real Estate & Infrastructure Conclave 2024
Chakr Innovation showcases its innovative emission control technology for diesel generators at the 2nd Real Estate & Infrastructure Conclave 2024, promoting sustainable development and green building practices.
India Witnesses Record Real Estate Deal Numbers in Q3 2024
New Delhi: India recorded 25 real estate deals worth $1.3 billion in the July-September period (Q3), marking an all-time high in deal numbers and the second-highest values since Q2 2023, according to a report by Grant Thornton Bharat.
How to Make Green Developments Shine in a Competitive Market
Sustainability has become a driving force in the real estate sector, with eco-conscious buyers increasingly prioritizing environmental factors in their property decisions.
Estancia Capital Redefining Luxury Real Estate in Dubai
In a bold move to shake up the real estate market, Estancia Capital has officially launched its luxury real estate brokerage services in Dubai. This new venture is set to redefine the standards of luxury living in one of the world's most dynamic cities.
MahaRERA Issues Show-Cause Notices to Over 10,700 Lapsed Real Estate Projects in Maharashtra
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued show-cause notices to more than 10,700 lapsed real estate projects. The majority of these projects are concentrated in the Mumbai Metropolitan Region (5,231), followed by other regions
MahaRERA Takes Strict Action: Freezes Bank Accounts, Suspends Registration of Over 1,950 Stalled Projects
In a significant move to safeguard homebuyers, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has frozen the bank accounts of developers and suspended the registration of over 1,950 stalled projects in the state.