According to the report published by real estate consultancy CBRE, India is likely to register the highest capacity addition of 850 MW during the period 2024-2026, which is higher than major APAC countries.
“India's data center sector, with its resilience and attractive return potential, has emerged as a beacon of opportunity for investors. The attractiveness of the sector is further enhanced by the fact that between 2018 – 2023, India secured investment commitments of over USD 40 billion from both global and domestic investors,” the report said.
New supply increased by 255 MW in 2023 compared to 200 MW in 2022, resulting in total stock of about 1,030 MW by the end of the year. This accelerated growth is expected to continue in 2024 as well, with planned supply of over 330 MW across various cities, taking the stock to around 1,370 MW, an increase of 30 per cent annually, the report said.
“India's data center sector, with its resilience and attractive return potential, has emerged as a beacon of opportunity for investors. The attractiveness of the sector is further enhanced by the fact that between 2018 – 2023, India secured investment commitments of over USD 40 billion from both global and domestic investors,” the report said.
New supply increased by 255 MW in 2023 compared to 200 MW in 2022, resulting in total stock of about 1,030 MW by the end of the year. This accelerated growth is expected to continue in 2024 as well, with planned supply of over 330 MW across various cities, taking the stock to around 1,370 MW, an increase of 30 per cent annually, the report said.
