India is set to become a leading global data centre hub: Survey

India’s data centre stock is expected to grow at a CAGR of 218 between 2024 and 2030 to reach 3,400 MW IT by 2030, according to Savills survey. Data centres in India are primarily concentrated in Mumbai, Chennai, Bengaluru, Hyderabad, Pune and Delhi-NCR due to their connectivity, infrastructure, power availability, and demand from enterprises and cloud service providers.

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Mumbai is often regarded as the data centre capital of India due to its robust infrastructure, proximity to undersea data cable landing stations and financial hub status. It is followed by Chennai, a key location for data centres, complimented by multiple submarine data cable landing stations, which make it ideal for data centre establishments and global connectivity.

In 2024, absorption of 407 MW IT capacity and supply addition of 191 MW of IT capacity was witnessed across cities. This demand was driven by hyperscalers, BFSI (Banking, Financial Services, and Insurance), IT & ITeS, and service sectors, all relying heavily on data centre operators.

In 2024, Mumbai maintained its lead, contributing 538 to total absorption, followed by Hyderabad at 148, Chennai and Pune at 108 each. The overall operational capacity stood at I,IIO MW IT as of 2024, reflecting a compounded annual growth rate (CAGR) of 228 since 2014. Hyperscalers accounted for 228 of the total stock, while enterprises held IOS. The remaining 688 was utilised by a combination of hyperscalers and enterprises, showcasing

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a diverse utilisation pattern within the data centre industry.