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India’s expanding data centre sector is expected to emerge as a major driver of residential real estate demand over the next few years, according to a Square Yards report. With more than 250 data centres proposed by 2030, the sector could generate nearly 4.33 lakh direct and indirect jobs across key cities, leading to an estimated demand for 195 million square feet of housing. The report also highlighted that investments in supporting infrastructure such as power, fibre connectivity and logistics are expected to strengthen both residential and commercial real estate development around these emerging digital hubs.
India's fast-growing data centre sector is expected to create around 4.33 lakh direct and indirect jobs across major cities, resulting in an estimated housing demand of nearly 195 million square feet by 2030, according to a report released by real estate consultancy and home loan brokerage firm Square Yards.
The report, released earlier this week, stated that the country's rapidly expanding data centre ecosystem is likely to become an important driver of residential real estate demand in the coming years. It estimated that more than 250 data centres are proposed across India by 2030, reflecting continued investment in the country's digital infrastructure.
According to the report, India's proposed data centre pipeline of nearly 9,030 MW has the potential to generate about 4.33 lakh ecosystem jobs by 2030. Out of these, around 27,000 are expected to be direct jobs, while more than 4.06 lakh will come from ancillary sectors supporting the industry. Based on this employment generation, the report estimates residential demand of around 195 million square feet.
Square Yards noted that the growth of data centres extends beyond technology infrastructure. The development of these facilities attracts investments in power infrastructure, fibre connectivity, logistics networks, commercial establishments and a range of supporting services. These investments are expected to encourage broader urban development in cities emerging as data centre hubs.
The report comes at a time when India is witnessing strong interest from domestic and global investors in the data centre segment, supported by rising digital adoption, cloud computing, artificial intelligence, 5G rollout and increasing demand for data storage. Cities such as Mumbai, Chennai, Hyderabad, Bengaluru, Pune, Delhi-NCR and Noida have already emerged as key data centre markets due to their established digital infrastructure and connectivity.
Vivek Agarwal, Co-founder and Chief Technology Officer of Square Yards, said that India's real estate growth has traditionally been driven by highways, industrial corridors, airports and IT parks, and that data centres represent the next phase of this transformation. He added that investments in power, fibre connectivity and logistics help build confidence among businesses, developers and institutions, which in turn supports residential and commercial real estate growth around these emerging digital corridors.
Agarwal further stated that the company believes data centres will increasingly act as infrastructure anchors that influence how cities expand over the coming years.
India's data centre capacity has been expanding steadily over the past few years as global technology companies, cloud service providers and hyperscale operators increase investments in digital infrastructure. Industry experts believe this growth is also creating opportunities for developers to plan integrated residential, commercial and mixed-use projects near major data centre clusters, supported by improved infrastructure and employment generation.
Source PTI
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