Over 200 acres of land were acquired in top five cities including Mumbai, Hyderabad, Pune, Chennai and Bengaluru in 2024. Data centre stock is expected to grow at a CAGR of 21 percent between 2024 and 2030 to reach 3,400 MW of IT capacity by 2030. The growing demand for data centres 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. Tier 2 and 3 cities driving demand for edge data centres, which are smallerData centres are emerging from Tier 2 & 3 cities such as Bhubaneswar, Patna, Lucknow, Jaipur, Kochi, Vizag, Coimbatore, Madurai, Raipur and Hubli. The existing data centre capacity in Tier 1 and 2 cities is only 3 MW, which will reach 109 MW IT by 2030, according to Savills India.
