MEDIA COVERAGE
August 26, 2022
How Data Centers Are Giving Rise To New Smart Cities?
Mr Rakesh Reddy, Director , Featured Article on THE HINDU
One of the markets with the quickest rate of growth for business digitalization is India. In addition to the government’s requirement that data be localized, India has seen a 550% increase in investments in Indian Data Centers from $392 million in 2020 to $2.2 billion in 2021.
In fact, in Indian Real Estate in 2021, Data Centers accounted for 26% of all private equity investments. In total, 1.5% of Data Centers worldwide are currently located in India, which is a market that is continuously expanding. Due to the widespread use of internet services during the COVID pandemic, consumer behavior in India saw a significant transformation. Due to the statewide shutdown, the nation’s over 700 million internet users migrated exponentially toward online services and e-commerce. This abrupt change in customer behavior resulted in an increase in Data Centers’ prospects, which benefited the Real Estate industry.
This was strengthened even further by the necessity to localize any data generated and processed within the nation. Developers and investors have taken note of the influence that Data Centers have had as the e-commerce sector has expanded. The Data Center industry was one of the Real Estate asset types that were least affected globally by the epidemic, underscoring their critical function in sustaining ongoing corporate activity.
The fundamental reason is that online services cannot exist or develop without data centers, so the Real Estate industry must adjust.
To understand further what and get a perspective about the strengthening bond between Data Centers and Real Estate, check out the complete story by our Director Mr. Rakesh Reddy by clicking on the link below:
