Data centre capacity in colocation space to grow by 230 MW in 2024: Cushman & Wakefield
Data centre capacity addition in the colocation space is expected to reach approximately 230 MW (IT load) by the end of 2024, with a similar or higher capacity addition anticipated in 2025, according to Cushman & Wakefield data.
In 2025, while the majority of capacity creation will occur in Mumbai, other cities such as Delhi-NCR, Kolkata, and Chennai are also expected to see significant growth.
India has the potential to become a global data centre hub due to its low construction, land and power costs compared to other countries, coupled with a well-established IT and digitally enabled services ecosystem. According to Cushman & Wakefield, the median cost of constructing a data centre in India is estimated at $6.8 million per MW of capacity, significantly lower than most APAC nations-Australia is at $9.17 million, Japan is at $12 million.
The report said that three crucial undersea data cable projects landing at Mumbai could be completed in 2025, thereby helping to position India's financial capital as a regional data centre hub.
«We have been witnessing a consistent rise in annual capacity addition, much in line with the surge seen in data consumption in the country. For 2025, given the number of greenfield projects under construction, the momentum in capacity addition looks intact. We foresee next year adding 250 MW of Colo IT load, which would then bring the pan-India installed capacity to 1.46 GW by the end of 2025,» the company's spokesperson said.
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