# India data centre market sees hyperscaler-led demand surge

- **Source:** Real Estate Asia
- **Published:** 2026-10-06T05:32:14.000Z
- **Author:** Staff Reporter
- **Original:** https://realestateasia.com/industrial/news/india-data-centre-market-sees-hyperscaler-led-demand-surge
- **Topics:** Commercial & Industrial, Regional Markets

## Featured rationale

Strong hyperscaler and enterprise demand may keep occupied capacity around 75%-80%, support higher Mumbai colocation prices and favour newer high-density facilities over older assets.

## AI summary

Hyperscalers account for an estimated 50%-55% of India’s data-centre occupier demand, contracting more than 300 MW in Q1, while over 3 GW of supply could be added medium term.

## Original article

Around 55% of occupier demand is from hyperscalers.

India's data centre market is seeing strong demand from hyperscalers while colocation requirements are broadening across enterprise sectors, according to CBRE Research.

Hyperscalers continue to account for an estimated 50-55% of occupier demand, with the report noting a first-quarter spike as hyperscalers contracted for more than 300 MW of capacity. Colocation demand is also expanding beyond traditional cloud players, including capacity outsourced for hyperscaler workloads.

CBRE said additional demand is emerging from manufacturing, logistics, media, e-commerce, research and development, and semiconductor occupiers. R&D and semiconductor companies are increasingly establishing specialised labs, with some moving from conventional office environments into third-party colocation facilities to support larger workloads.

Mumbai remains India's dominant data centre market, accounting for more than half of national capacity and attracting both hyperscaler and enterprise occupiers, CBRE said. Chennai and Hyderabad remain key hyperscale markets, while Bengaluru is a significant hub for enterprise colocation demand.

On the supply side, near-term additions are expected to be led by Mumbai, followed by Chennai, Delhi NCR and Bengaluru. CBRE said the volume of supply under construction, together with recently announced projects, could add more than 3 GW in the medium term. National occupied capacity is expected to remain around 75-80%, although older facilities could face challenges as customers migrate towards newer assets capable of supporting higher rack densities.

Investment and development

Investor sentiment remains strong, with substantial capital commitments announced for India's data centre and digital infrastructure market, according to CBRE. Investment activity is primarily development-led, with capital flowing into new campuses, self-built projects and build-to-suit facilities, rather than large pools of stabilised assets.

CBRE identified India's broader digitalisation, including the government's Digital India programme and continued growth in online retail and digital payments, as structural demand drivers. Artificial intelligence is emerging as another major source of demand, with higher rack densities and more intensive cooling requirements expected to influence future facilities.

The report also points to growing interest in 10-15 MW mini build-to-suit data centres, while global providers are targeting strategic entry into India with 5-15 MW sites supported by liquid-cooling configurations. Tier I and edge markets are gaining visibility, with smaller facilities of around 5-6 MW in cities such as Jaipur, Ahmedabad and Lucknow. Tier II locations are also beginning to attract containerised data centre projects of around 8-10 MW.

CBRE highlighted several constraints, including land acquisition and identification, power availability, rising land prices, longer approval and permitting timelines, labour shortages, and increasing construction costs, particularly for cooling infrastructure.

Major market developments

CBRE's selected market movements include Google's development of a 1 GW data centre campus in Visakhapatnam, Andhra Pradesh, involving data centre operators AdaniConneX and Airtel Nxtra, with commissioning targeted for 2028. Amazon Web Services (AWS) is planning a data centre campus with 4.7 MW of capacity in Navi Mumbai.

The report also highlights a collaboration between Tata Consultancy Services (TCS), through its subsidiary HyperVault, and AMD to develop an AI-ready data centre blueprint based on AMD's Helios platform. The initiative is intended to enable rack-scale AI infrastructure and support up to 200 MW of capacity for India's national AI initiatives.

Airtel Nxtra has secured $1 billion in foreign investment to accelerate its expansion across India, with planned capacity growth from about 300 MW to 1 GW over the next few years. In April 2026, Blackstone consolidated its data centre portfolio by integrating Lumina CloudInfra into its hyperscale platform AirTrunk, bringing Lumina into AirTrunk's global operations, according to CBRE.

For Mumbai, CBRE's Q1 2026 data shows more than 800 MW of total capacity and approximately 750 MW of upcoming capacity. The firm's 2026 outlook points to higher colocation prices and lower vacancy in the market.

## Chinese translation

> Translation model: grok_cli

### 印度数据中心市场出现由超大规模云厂商引领的需求激增

印度数据中心市场正迎来超大规模云厂商的强劲需求，同时托管需求正在各企业领域扩展，据CBRE R

约55%的租户需求来自超大规模云厂商。

世邦魏理仕研究部（CBRE Research）表示，印度数据中心市场正迎来超大规模云厂商的强劲需求，同时托管（colocation）需求正在各企业领域扩展。

超大规模云厂商继续占租户需求的估计50%至55%。报告指出，第一季度出现跃升，超大规模云厂商签约的容量超过300 MW。托管需求也在传统云服务商之外扩展，其中包括为超大规模云厂商工作负载而外包的容量。

世邦魏理仕称，制造业、物流、媒体、电子商务、研发以及半导体租户正在带来额外需求。研发与半导体公司正日益设立专业实验室，部分公司从传统办公环境迁入第三方托管设施，以支撑更大的工作负载。

世邦魏理仕表示，孟买仍是印度占主导地位的数据中心市场，占全国容量一半以上，并同时吸引超大规模云厂商与企业租户。金奈和海得拉巴仍是关键的超大规模市场，班加罗尔则是企业托管需求的重要枢纽。

供应方面，短期新增预计以孟买领先，其次为金奈、德里国家首都区（Delhi NCR）和班加罗尔。世邦魏理仕称，在建供应量加上近期公布的项目，中期可能新增超过3 GW。全国已占用容量预计维持在约75%至80%，不过随着客户转向能够支持更高机柜密度的较新资产，较旧设施可能面临挑战。

投资与开发

世邦魏理仕表示，投资者情绪依然强劲，市场已宣布对印度数据中心及数字基础设施市场作出大量资本承诺。投资活动主要以开发为主导，资金流向新园区、自建项目和定制建设（build-to-suit）设施，而非大量已稳定运营的资产。

世邦魏理仕将印度更广泛的数字化视为结构性需求驱动因素，其中包括政府的“数字印度”（Digital India）计划，以及在线零售和数字支付的持续增长。人工智能正成为另一项主要需求来源，更高的机柜密度和更密集的制冷要求预计将影响未来设施。

报告还指出，市场对10至15 MW小型定制建设数据中心的兴趣日益增加；与此同时，全球供应商正寻求以配备液冷配置的5至15 MW场地策略性进入印度。一线及边缘市场正日益受到关注，斋浦尔、艾哈迈达巴德和勒克瑙等城市出现约5至6 MW的较小设施。二线地区也开始吸引约8至10 MW的集装箱式数据中心项目。

世邦魏理仕强调了多项制约因素，包括土地收购与选址、电力供应、地价上涨、审批与许可周期拉长、劳动力短缺，以及建造成本上升，尤其是制冷基础设施。

主要市场动态

世邦魏理仕选取的市场动态包括：谷歌（Google）在安得拉邦维沙卡帕特南开发一座1 GW数据中心园区，参与其中的数据中心运营商包括AdaniConneX和Airtel Nxtra，目标投运时间为2028年。Amazon Web Services（AWS）正计划在新孟买建设一座容量为4.7 MW的数据中心园区。

报告还重点介绍了塔塔咨询服务公司（Tata Consultancy Services，TCS）通过其子公司HyperVault与AMD的合作，双方将基于AMD的Helios平台开发一套人工智能就绪的数据中心蓝图。该计划旨在实现机柜级人工智能基础设施，并为印度国家人工智能计划支持最高200 MW的容量。

Airtel Nxtra已获得10亿新币外国投资，以加快其在印度各地的扩张，计划未来数年将容量从约300 MW增至1 GW。世邦魏理仕称，2026年4月，黑石（Blackstone）通过将Lumina CloudInfra并入其超大规模平台AirTrunk，整合了其数据中心投资组合，使Lumina纳入AirTrunk的全球运营。

就孟买而言，世邦魏理仕2026年第一季度数据显示，总容量超过800 MW，即将推出的容量约750 MW。该公司2026年展望指出，该市场托管价格将上升，空置率将下降。