Sunday, September 29, 2024
- Advertisement -

Data centre boom to drive $5.7b in realty investments in India by 2026

- Advertisement -
Demand for Indian data centres is expected to be in the range of 650-800 MW during 2024-26

Mumbai: Fuelled by the increasing adoption of Artificial Intelligence (AI), the data centre industry in India is projected to add 791 megawatts (MW) capacity by 2026, which will drive a demand for 10 million square feet of real estate space, attracting investments worth $5.7 billion, a report showed on Friday.

The demand for Indian data centres is expected to be in the range of 650-800 MW during 2024-26, according to the report by JLL Research. India is poised to be the third-largest economy, with a projected $5 trillion GDP by 2027 with digital economy contribution of around 20 per cent.

“This digital expansion is anticipated to propel the growth of India’s data centre industry, projected to increase from 853 MW in 2023 to 1,645 MW by 2026. This increase in capacity will require an investment of $5.7 billion and approximately 10 million square feet of real estate,” Dr Samantak Das, Chief Economist and Head of Research & REIS, India, JLL, said.

Latest News

- Advertisement -

Latest News

- Advertisement -