Data centres: India’s emerging asset class

01 Aug 2019 Editorial Team

A recent Colliers India investment report solicited responses from the top 40 institutional investors in the country to understand their investment priorities in 2019. Interestingly, 63 per cent of the investors ranked data centres as the most attractive emerging asset class. Ritesh Sachdev, Head, Occupier Services, India, and Managing Director, South, Colliers International India, attributes this to “the Indian Government emphasising the creation of a Cloud warehouse, with a focus on keeping data within India”.

“Interest in the Cloud is growing on the back of the Government’s thrust towards Digital India and the ever-increasing need for business innovation and agility, to scale fast in a competitive market,” affirms K Ashwin Kumar, Director, Linode Data Centre Operations India. He sees India’s 42.5 million SMEs/MMEs, the banking, financial services and insurance and healthcare sectors and government departments as key consumers of cloud services.

Data centres have been around in India for some time now, but it is only now that a large number of global data centre providers, private equity players, real-estate consultants and developers have realised the value of getting into the game, observes Praveen Nair, Sales Director, Bridge Data Centres. Nair attributes this interest to the emphasis on Digital India, the explosion in the usage of data services and the need for more scalable infrastructure with higher operating availability to enable online digital business.

As a result of all this activity, “data centres have been growing at 72 per cent,” says Dr Niranjan Hiranandani, Founder & Managing Director, Hiranandani Group. “We expect Digital India, Make in India and the push for data localisation to spur 100 per cent compound annual growth over the next five years.”

CHARU BAHRI

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..