Anant Raj Ltd. is set to invest ₹180 billion ($2.1 billion) in data centres, joining the expanding market in India. This move aims to capitalise on the increasing demand for data processing and storage, driven by the growth of artificial intelligence and business process services within the region.
The real estate developer plans to develop 300 MW data centre buildings with an investment of ₹10,000 crore in the next few years. Anant Raj is utilising its early-mover advantage with lower capital expenditure due to land ownership and existing infrastructure. As of December 2024, the company has 6 MW of operational data center capacity and a proposed 307 MW capacity. It is transforming 5.66 million square feet of commercial space into a 157 MW data center, with projected rentals of Rs. 3,300 crore once fully operational.
This investment aligns with the predicted growth of India's data centre operational capacity, which is expected to reach 2,000-2,100 MW by March 2027, up from approximately 1,150 MW in December 2024. This expansion is supported by increasing internet usage, data consumption, and data localisation initiatives.
