Data center stock to double in next 3 years to 20 million sq ft: Colliers
India’s data center stock is likely to double to about 20 mn sq ft by 2025 from the current 10.3 mn sq ft, according to Colliers’ latest report “Data center: Scaling up in Green age”.
India currently has about 770 MW data center capacity across the top seven cities. The growth of data centers in India is led by a massive explosion of data consumption through digitization, increased cloud adoption, etc., over the last two years. At the same time, data center operators are enthused by the incentives such as subsidized land, stamp duty exemption, etc. provided by several states.
“India is getting positioned as a hub for data centers across APAC. With the challenge of expansion in other developed markets like Singapore, India is taking a steady growth-linked expansion, connected directly with end-user consumption. Edge data centers coupled with the 5G launch is going to create additional opportunities in expanding the data centers footprint across the country,” said Rao Srinivasa, Managing Director, Data Centers, ProjectManagement at Colliers India.