Blackstone Group, in collaboration with Panchshil Realty, is set to develop India’s largest hyperscale data centre in Navi Mumbai, with an investment surpassing ₹20,000 crore. The state-of-the-art facility will have a capacity of 500 MW, spread across 14 buildings and covering three million sq ft. Additionally, the centre will operate using up to 65 per cent renewable energy, making it the first of its kind in the country.
This project marks Blackstone’s first major Foreign Direct Investment (FDI) following its recent agreements with the Maharashtra government during the Davos meeting. As part of its strategy to expand in India’s digital and real estate sectors, Blackstone signed three agreements at the event.
To kickstart the development, Panchshil Realty’s subsidiary, Gramercy Info Park, has acquired 50 acres of land in Navi Mumbai’s Ghansoli area for ₹900 crore, covering all necessary charges and levies. The data centre will cater to hyperscalers specialising in cloud computing, artificial intelligence, and high-performance computing infrastructure.
Blackstone is already building two data centres in Navi Mumbai through Lumina CloudInfra, with a combined investment of over $600 million and a total capacity of 60 MW.
