Intel expands data center footprint in India with lease of 11,536 square feet in Bengaluru
Intel Technology India Pvt Ltd, a subsidiary of Intel Corporation, has leased 11,536 square feet of data center space in a building in Bengaluru for three years from Hyderabad-headquartered CtrlS Data Centers Ltd. The lease and licence agreement was signed on July 18, 2023.
The data center space is located in Bangalore DC1, a Tier-III data center facility in Electronic City. The space is being leased for use as a colocation facility, which means that Intel will not own the equipment in the data center but will rent space to house its own servers.
The monthly rent of Rs 47.39 lakh works out to Rs 400 per square foot. This is a significant increase from the average rent of Rs 250 per square foot for data center space in Bengaluru. However, the rent is still lower than the rent for data center space in Mumbai and Delhi.
The increase in rent for data center space in Bengaluru is due to the growing demand for data center services in India. The country is expected to add 200 new data centers by 2025, which will drive up demand for data center space.
Intel is one of the largest companies in the world to lease data center space in Bengaluru. The company has a total of 97 data centers around the globe, and Bengaluru is one of its key data center hubs.
The lease of data center space in Bengaluru is a sign of Intel’s commitment to the Indian market. The company is investing heavily in India, and data centers are a key part of its strategy.
The lease agreement includes the following key terms:
- Lease term: Three years
- Monthly rent: Rs 47.39 lakh
- Data center space: 11,536 square feet
- Location: Bangalore DC1, Electronic City
- Use: Colocation facility
- Rent per square foot: Rs 400
The lease of data center space in Bengaluru is a significant development for the Indian data center market. It demonstrates the growing demand for data center services in India and the commitment of major global companies to the Indian market.
In addition to the factors mentioned above, there are a few other reasons why Intel may have leased data center space in Bengaluru.
- Bengaluru is a major IT hub in India, with a large pool of skilled IT professionals. This makes it a good location for Intel to set up its data center.
- Bengaluru has a good power supply and cooling infrastructure, which are essential for data centers.
- The government of Karnataka, the state in which Bengaluru is located, has been very supportive of the data center industry. The government has offered tax breaks and other incentives to attract data center companies to the state.
The lease of data center space in Bengaluru is a positive development for the Indian economy. It will create jobs, boost investment, and help to make India a global hub for data center services.
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