Anant Raj Limited, a real estate developer based in Delhi, has ambitious plans to invest ₹10,000 crores in developing 300 MW data center facilities in the coming years. This endeavor builds upon their experience of constructing three IT buildings in Haryana’s Manesar, Rai, and Panchkula regions, which are now being transformed into data centers. These existing structures are well-suited for adaptation to meet the specific requirements of data centers, allowing for a streamlined conversion process.
Industry experts anticipate a significant demand for approximately 20 million square feet of data center space in key cities over the next four to five years.
Anant Raj currently holds 1.2 million square feet of space on a 10-acre site in Manesar, 2.1 million square feet on a 25-acre plot in Rai (with potential for capacity expansion), and 500,000 square feet on a 10-acre land in Panchkula (also with expansion options).
Typically, the industry’s cost of one megawatt of data center capacity ranges from ₹55-60 crores. However, Anant Raj is achieving this at a lower cost of ₹25 crores per MW, thanks to its long-standing land ownership and the advantageous use of existing building structures.
India’s data center market is experiencing robust growth, driven by its status as the world’s second-fastest-growing digital economy. Cloud spending is projected to grow at a compound annual growth rate of 30%.