[INDIA REAL ESTATE NEWS] Good morning everyone I am Rumi Dhar from Kama Group.|
Here I have important INDIA real estate news to share with you which is as mention under.
When both commercial and housing property markets suffered during the pandemic, work
from home increased interest in one category of real estate: data centres. Immediately after
India went into a lockdown mode due to Covid-19, there was a 25-35% increase in data
centre capacity usage as companies began to overhaul their digital infrastructure to deal
with the new work environment, according to Anarock Research.
It expects that to boost growth of data centres as a real estate asset. Data centres were
classified as an essential service and there has been a huge surge in cloud usage because
of schools, e-commerce or streaming applications such as Netflix and Amazon Prime Video,
said Shard Sanghi, chief executive officer-global data centres and cloud infrastructure at
NTT Ltd., a provider of hosting and cloud services. “You need to have more physical servers
to be able to support demand from these places. So absolutely it is a factor in the growth
in data centres.”
Read more at: https://www.bloombergquint.com/business/pandemic-boosts-a-new-real-estate-asset-class
Have a nice day