Apr 17, 2023 | Posted by Abdul-Rahman Oladimeji
India's data center industry is expected to drive demand for real estate spanning over 9.1 million square feet by 2025, according to a report by JLL India. The report revealed that the data center industry in India has already seen investments of $977 million, with a current supply of 7.5 million sq ft. The report also indicated that demand for data center space has surged, with 38% of the total demand coming from Mumbai and Chennai. The data center industry has been experiencing a boom in India due to the growth in data consumption, cloud adoption, and the surge in e-commerce. The report by JLL India suggests that this trend is expected to continue, with the industry poised for strong growth in the next few years.
In addition, the report highlighted the fact that the Indian data center industry is expected to see an increase in renewable energy usage. With the industry being a major consumer of power, renewable energy adoption is expected to lower costs and improve sustainability. This trend is being driven by the Indian government's push towards increasing the use of renewable energy. The report also noted that data center providers are likely to face challenges related to power availability and reliability, and the need to ensure adequate backup power. However, the growth in demand for data center space is expected to create opportunities for real estate developers, as well as technology and infrastructure providers.
