Anant Raj Ltd., a Delhi-based real estate developer that has also started dabbling in data centers, has revealed that it plans to invest as much as Rs 180 billion (US$ 2.1 billion) into expanding its data center business in India.
Readers would recall that in September 2023, the company had first unveiled plans to enter the data center market by developing three IT facilities into data centers in Haryana. Now, Bloomberg reports that Anant Raj will develop two more facilities in Haryana as it aims to develop 300MW by 2032.
Amit Sarin, Managing Director, Anant Raj told the publication that the company expected 40 percent of its revenue to come from data centers. “India is witnessing one of the fastest growth phases globally for data centers,” he said, adding, “India currently generates 28 percent of the world’s data but houses only 1 percent of it locally, presenting a significant opportunity for expansion as data localization becomes inevitable.”
According to a report titled India Data Center Market Dynamics by Jones Lang LaSalle (JLL), a renowned global commercial real estate and investment management company, India’s data center capacity could go up to 1.8GW by the end of 2027.
Meanwhile a report titled The digital backbone: Data center growth prospects in India by Colliers is even more bullish on India. It finds that India’s data center market could see capacity across the top seven cities exceed 4,500MW or 4.5GW by 2030, which in turn is likely to translate into real estate footprint of around 55 million sq ft in the next 5-6 years.
