Blackstone and Panchshil Invest ₹20,000 Crore in Hyperscale Data Centre in Navi Mumbai
Blackstone Group and Panchshil Realty are making a significant investment of ₹20,000 crore in a 500 MW hyperscale data centre in Navi Mumbai, spanning 3 million sq ft across 14 buildings. This project will run on up to 65% renewable energy, setting a new
Data CentreSustainable InfrastructureCloud ComputingArtificial IntelligenceReal EstateReal Estate PuneFeb 25, 2025
Spanning 3 million sq ft across 14 buildings, the cutting-edge facility will run on up to 65% renewable energy, setting a new benchmark for sustainable data centres in India.
This development comes on the heels of Blackstone’s major FDI agreement with Maharashtra at Davos, reinforcing its aggressive expansion in India’s digital and real estate sectors.
“The proposed data centre will be a built-to-suit facility catering to hyperscalers specializing in cloud computing, artificial intelligence, and high-performance computing infrastructure,” an industry insider told the media.
Panchshil’s subsidiary, Gramercy Info Park, has already acquired 50 acres in Ghansoli for ₹900 crore to facilitate the project.
With over $50 billion in assets under management in India, Blackstone continues to dominate the market, owning 135 million sq ft of office space and leading the country’s REIT segment.
Additionally, the firm is developing two more data centres in Navi Mumbai under Lumina CloudInfra with a $600 million investment.
This mega project reaffirms Blackstone’s long-term commitment to India’s rapidly evolving data landscape.
The integration of renewable energy sources in the data centre is a significant step towards sustainable infrastructure.
The facility will not only support the growing demand for cloud computing and AI but also contribute to a greener future.
This move aligns with the global trend of reducing carbon footprints in the tech industry, making it an attractive proposition for international investors and tech companies alike.
Panchshil Realty, a leading player in the Indian real estate market, has a strong track record of delivering high-quality projects.
The partnership with Blackstone ensures access to cutting-edge technology and global expertise, which will be crucial in establishing this data centre as a leader in the industry.
The strategic location in Navi Mumbai, a rapidly growing urban center, provides a robust ecosystem for tech and data-related businesses.
In summary, the ₹20,000 crore investment by Blackstone and Panchshil in the hyperscale data centre in Navi Mumbai is a significant milestone in India’s digital infrastructure landscape.
It underscores the growing importance of data centres and the commitment to sustainable development in the tech industry.
This project is expected to attract further investments and bolster India’s position as a global leader in data and cloud computing services.
Frequently Asked Questions
What is the total investment in the data centre project by Blackstone and Panchshil?
The total investment in the hyperscale data centre project in Navi Mumbai by Blackstone and Panchshil is ₹20,000 crore.
How much renewable energy will the data centre use?
The data centre will run on up to 65% renewable energy, setting a new benchmark for sustainable data centres in India.
What is the size of the data centre facility?
The data centre will span 3 million sq ft across 14 buildings.
What sector does the data centre cater to?
The data centre will cater to hyperscalers specializing in cloud computing, artificial intelligence, and high-performance computing infrastructure.
What is the significance of the location of the data centre in Navi Mumbai?
The strategic location in Navi Mumbai, a rapidly growing urban center, provides a robust ecosystem for tech and data-related businesses, making it an attractive proposition for international investors and tech companies.
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