‘Investments in data centers grow to $ 396 mn’

Data centers in India are emerging as an alternative real estate asset and have attracted investments of $ 396 million from January to September 2020, Anarock-Mace said in a report.

The report – Navigating the India Data Center Lifecycle – Trends & Perspectives – noted that data centers are now the hottest alternative real estate asset and with focus shifting to large hyperscale developments, the underlying property is becoming more valuable.

“Approximately $ 9.5 billion of capital is in various stages of being announced, committed or waiting to be committed into Indian data centers,” it added. It said that Indian data center industry has attracted close to $ 977 million in PE and strategic investments since 2008, of which nearly 40% or about $ 396 million was infused between January-September 2020. “Data localization policy has paved the way for hyperscale data centers to handle the increasing data consumption, ”Anuj Puri, chairman, Anarock Group, said. “Hyperscale facilities have clear advantages over smaller colocation centers as they can cater to the huge domestic data warehousing demand creating operating efficiencies and thus, pass on cost benefits to their customers. Smaller co-location facilities will need to reassess their competitive position and may need to repurpose to ensure survival. “

At least 28 large hyperscale data centers are expected in India over the next 3 years, the report said.

Mumbai has remained the most popular location for data centers given the undersea cable landings. “Mumbai and Chennai, which have a fair share of existing and upcoming landing stations, will be the preferred locations for future supply,” it said.

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Disclaimer: This post has not been edited by our staff and is published from a syndicated feed. The Original Source of this post can be found at Source link

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