India’s data centre market booms: Savills India reports 21% CAGR by 2030

The demand for data centres in India continues to rise, driven by factors such as the increasing adoption of cloud computing, the expansion of big data, the Internet of Things (IoT), Artificial Intelligence (AI), and the rapid growth of e-commerce and digital transformation initiatives. In 2024, India witnessed an absorption of 407 MW IT capacity and the addition of 191 MW IT capacity across key cities, according to Savills India, a leading global real estate advisory firm.

This demand was fuelled by hyperscalers, BFSI (Banking, Financial Services, and Insurance), IT & ITeS, and service sectors, all of which heavily rely on data centre operators for colocation and related services. India is experiencing a surge in data centre land transactions, driven by growing demand and expansions by data centre operators and hyperscalers acquiring land across key cities. In 2024, over 200 acres of land were acquired in Mumbai ...