India’s Office Leasing Market: A Record-Breaking Surge in 2024
Explore the driving factors behind India’s record-breaking office leasing market in 2024. Learn about the role of GCCs, Bengaluru’s growth, and sectoral contributions.
Explore the driving factors behind India’s record-breaking office leasing market in 2024. Learn about the role of GCCs, Bengaluru’s growth, and sectoral contributions.
Explore how AI is driving unprecedented growth in India’s data centre market. Discover investment opportunities, market trends, and the future of data centres in India.
🚀 Bengaluru Leads GCC Office Leasing in India 🚀
Our latest article explores the impressive growth of Global Capability Centers (GCCs) across India, based on the comprehensive report by CBRE and Zyoin. Discover how Bengaluru remains the epicentre of GCC leasing, followed by Hyderabad, Chennai, Pune, Delhi-NCR, and Mumbai.
Key insights include:
53 million sq. ft. of office space leased by GCCs from 2022 to mid-2024
Bengaluru’s 40% share of GCC leasing
Rising sectors: BFSI, technology, life sciences, and more
India’s data centre industry is experiencing unprecedented growth, with capacity expected to increase twelvefold by 2030, reaching 17 gigawatts. This expansion is driven by substantial investments from global and Indian companies, responding to the Reserve Bank of India’s data localisation mandates and the rising demand for digital services.
Key cities like Hyderabad, Chennai, and Bangalore are at the forefront of this transformation. Hyderabad, in particular, benefits from government incentives, excellent connectivity, and a burgeoning digital ecosystem. The city currently has 47 MW of installed data centre capacity, with plans for significant expansion to meet the demands of 5G, IoT, and cloud services.
Chennai’s coastal location and robust submarine cable connectivity, along with Bangalore’s strong IT infrastructure, position these cities as strategic data centre hubs. The favourable climate and supportive government policies make South India an attractive destination for data centre investments.
Overall, India’s data centre market is poised for exponential growth, solidifying the country’s role as a key player in the global digital infrastructure landscape.
India’s data centre industry is experiencing unprecedented growth, with capacity expected to increase twelvefold by 2030, reaching 17 gigawatts. This expansion is driven by substantial investments from global and Indian companies, responding to the Reserve Bank of India’s data localisation mandates and the rising demand for digital services.
Key cities like Hyderabad, Chennai, and Bangalore are at the forefront of this transformation. Hyderabad, in particular, benefits from government incentives, excellent connectivity, and a burgeoning digital ecosystem. The city currently has 47 MW of installed data centre capacity, with plans for significant expansion to meet the demands of 5G, IoT, and cloud services.
Chennai’s coastal location and robust submarine cable connectivity, along with Bangalore’s strong IT infrastructure, position these cities as strategic data centre hubs. The favourable climate and supportive government policies make South India an attractive destination for data centre investments.
Overall, India’s data centre market is poised for exponential growth, solidifying the country’s role as a key player in the global digital infrastructure landscape.
Stay informed about India’s office market trends and growth. Explore insights on sector dynamics and future opportunities.
India’s office market is booming with modern, sustainable spaces! Discover key trends, post-pandemic recovery & top cities leading the charge.
This World Environment Day, we at Woodkraft took a step towards a greener future. Across our project sites in India, we celebrated the day with our employees, partners, and clients, emphasizing the importance of environmental preservation. 🌳
In line with this year’s theme, “Land Restoration, Desertification, and Drought Resilience,” we planted saplings, symbolizing our commitment to nurturing and preserving our environment.
India’s Global Capability Centres (GCCs) are transforming! Learn how they’re driving economic growth & innovation. Discover future potential & key challenges.
India’s Data Center Boom Explained: Fueled by AI & Cloud, the industry is set for explosive growth. Learn the future & challenges!