Blitz Bureau
NEW DELHI: India saw 21 per cent growth in data centre absorption in the first half this year — from 778 megawatts (MW) capacity in H1 2023 to nearly 942 MW in H1 2024 — as demand for edge data centres surged from tier 2 and 3 cities, a report showed on July 31.
Approximately 71 MW of IT capacity was added across key data centre micro-markets in the January-June period, according to Savills India, a global real estate advisory firm. Concurrently, the market witnessed transactions of around 200 MW in IT capacity during this period.
The market is expected to grow to approximately 400 MW IT capacity by the end of 2024. The demand was driven by hyper scalers, banking, financial services and insurance (BSFI), IT and ITeS and service sectors, all relying heavily on data centre operators for colocation and related services, the report mentioned.
“We project a strong demand for data centre capacity in India by the end of 2024, with an estimated requirement of 400 MW across major cities,” said Srihari Srinivasan, Director and Lead Data Centre Services, Savills India.
