The space occupied by them will increase to 23 million sq ft Mumbai will become the hot spot, housing 50% of the data centres, followed by Chennai and Hyderabad Reveals the latest report by Colliers India India’s data centre stock is likely to double to 23 million sq ft, translating to a total investment potential of $10 billion over the next three years, according to the latest report by Colliers India and the Confederation of Indian Industry.
The city of Mumbai is predicted to garner 50% of the future supply during 2023–26, while the rest of the supply will be shared by Chennai and Hyderabad.
The capacity of the data centres has almost doubled due to an increase in cloud adoption. Therefore, in the post-COVID-19 scenario, the division achieved remarkable progress. By August 2023, the data centres will have occupied an area of over 11 million sq ft across seven major cities in the country. The capacity of the data centres is predicted to cross 1800 MW due to a remarkable increase in the use of the data and strong investor support. It is predicted to grow further to 23 million sq ft from the existing 11 million sq ft.
Mumbai is continuing its supremacy as the data centre hub. The city is home to 50% of the data centres across the country. The data centre supply during the next three years is going to take place in Mumbai only. Many prefer Mumbai as their destination to locate data centres because of the submarine cable connectivity, landing stations, and internet exchange facilities. Similarly, Chennai and Hyderabad are also predicted to register growth in this category.
For the expansion of the data centres, Tier-1 cities formed the nucleus. But Tier-2 cities are also registering stable growth. The share of data center’s in Tier-2 cities was limited to 4% of the total data center’s in the country.
In spite of this, plans are on the drawing board to set up data center’s in cities like Ahmedabad, Jaipur, Kocchi, Nasik, Vijayawada, and Bhubaneswar, as these cities are regarded as disaster recovery sites.
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