Square Yards Report: Vizag Data Centre Boom May Create Over 51,800 Jobs and Boost Real Estate Demand
Visakhapatnam: Visakhapatnam is expected to emerge as one of India’s major digital infrastructure hubs, with its expanding data centre ecosystem projected to generate more than 51,800 jobs and drive demand for 2.33 crore square feet of residential real estate, according to a research report released by Square Yards.
The report, titled “How India’s Data Centre Revolution Is Rewriting Real Estate,” highlights the economic and infrastructure impact of proposed data centre developments in the city.
Over 51,800 Jobs Expected
According to the report, the proposed data centre projects in Visakhapatnam are expected to create 51,840 jobs, including 3,240 direct jobs within the data centre industry.
The remaining 48,600 jobs are projected to be generated across supporting sectors such as construction, electrical works, logistics, warehousing, transportation, hospitality, retail, maintenance, and other allied services.
The report notes that the growth of data centres is expected to create a wider ecosystem of businesses and services beyond the facilities themselves.
Investments in Infrastructure
Square Yards said the expansion of the data centre ecosystem is likely to attract investments in power infrastructure, fibre connectivity, utilities, logistics, and commercial development.
According to the report, these investments are expected to contribute to employment generation while supporting broader economic activity across the region.
Residential and Commercial Growth
The report estimates that the expanding digital infrastructure sector will generate demand for 2.33 crore square feet of residential real estate in and around Visakhapatnam as employment opportunities attract more people to the city.
It also projects increased demand for commercial spaces, warehouses, retail centres, and civic infrastructure to support the growing digital economy.
Data Centres Driving Urban Development
Square Yards stated that data centres are becoming an important driver of urban development in India by attracting large-scale investments and supporting the growth of ancillary industries.
The report added that, with several major global investments already announced, Visakhapatnam is positioned to play a significant role in Andhra Pradesh’s infrastructure-led economic growth and employment generation.
