ASIA PACIFIC DATA CENTRE H1 2025 UPDATE

MUMBAI ASIA PACIFIC PRIMARY MARKET

H1 2025 KEY INDICATORS*

594MW In Operation

852MW Planned

6.6% Colo Vacancy

337MW Under Construction

17 Operators

49 # of Data Centres

Colo Hyperscale Self-build

MARKET OVERVIEW Mumbai maintains its position as India’s largest and most dynamic data centre market, demonstrating sustained momentum in both operational capacity and development activity. Over the past six months, the city added approximately 52MW to its live data centre stock, underscoring its critical role in supporting India’s digital infrastructure. With around 180MW of the 337MW currently under construction slated for completion within the next six months, Mumbai’s total operational capacity is projected to reach nearly 800MW by the end of 2025 – provided developments proceed as scheduled. The Thane-Belapur Road cluster remains the epicentre of data centre activity in the region, accounting for nearly 70% of the city’s operational capacity and over 82% of the development pipeline. However, due to extensive land acquisitions in this cluster over the past 2–3 years, securing suitable land parcels for future expansion has become increasingly difficult in this cluster. As a result, operators are actively exploring alternative locations in the extended metropolitan region, with areas such as Palava emerging as potential hubs for new developments. Despite a 10% increase in operational capacity, the vacancy rate increased marginally from 6% in H2 2024 to 6.6% in H1 2025 – indicating that demand continues to outpace supply. This surge in demand is primarily driven by hyperscale cloud service providers and banking institutions, both of which are expected to remain key contributors to capacity take-up in the near term. Additionally, the market is beginning to see early-stage deployments of AI-driven workloads, which are anticipated to further accelerate demand for high-density, scalable infrastructure. Key developments in H1 2025 include PDG’s launch of its second facility DC2 at the Airoli campus, which has a total capacity of over 150MW across five facilities. NTT announced plans for its 500MW NV2 campus, while the Blackstone-Panchshil joint venture also announced its plan to develop a 500MW campus in Navi Mumbai. Complementing these large-scale developments, Mumbai continues to enhance its subsea cable connectivity. Three new cables – India Europe Xpress (IEX), SeaMeWe-6, and Raman – are on track for deployment by 2026, further strengthening the city’s position as a strategic digital gateway.

CUSHMAN & WAKEFIELD | ASIA PACIFIC DATA CENTRE MARKET OVERVIEW