Bharti Airtel reported that it has landed the 2Africa Pearls cable in Mumbai, to Africa, and Europe via the Middle East

• Mumbai’s data centre market is maturing, with under-construction projects maintaining high pre-commitment rates despite hyperscalers adopting more measured approaches while reassessing AI infrastructure needs.
• Established operators accelerate development on existing land banks to address immediate demand.

CtrlS launches 125MWp GreenVolt 1 solar farm to provide clean energy to their Mumbai data centre Campus

• BFSI sector demand for colocation continues on the backdrop of regulatory requirements for better infrastructure resilience. Hyperscalers are recalibrating cloud deployment strategies to address higher power needs for AI workloads.
• The market is witnessing capital unlocking strategies as it matures. Iron Mountain’s complete acquisition of WebWerks signals consolidation trends, while some operators are exploring primary markets or strategic asset divestment to fuel expansion plans.

WebWerks, an Indian data centre provider with six facilities across five markets, was fully acquired by Iron Mountain following their four-year joint venture

• Power tariff revisions by state utilities has signalled a major towards long term trend in reduction as opposed to increases in the past.
• Mumbai’s data centre market is expected to maintain robust growth through 2025. Hyperscalers’ current measured approach to commitments signals a market maturation as they develop specialised facility requirements for AI infrastructure.

Outlook

• For Users
  • Supply for enterprise and retail to be limited.
  • Increasing availability of GPU as a service.
  • Lease rentals expected to remain range bound.
• For Providers
  • Continued pace of requirements from BFSI sector.
  • Power tariff changes to improve operational metrics.
  • Availability of high compute chips to influence growth.