Blackstone and Panchshil Invest ₹20,000 Crore in Navi Mumbai Data Centre
Blackstone Group and Panchshil Realty are making a significant investment in India’s digital infrastructure with a ₹20,000 crore hyperscale data centre in Navi Mumbai. The project will span 3 million sq ft and will be powered by up to 65% renewable energy
BlackstonePanchshilData CentreNavi MumbaiRenewable EnergyReal Estate NewsFeb 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 data centre will not only boost India’s digital infrastructure but also contribute significantly to the region’s economic growth.
By attracting hyperscalers and other major tech companies, it will create numerous job opportunities and stimulate local industries.
The use of renewable energy will also set a positive example for sustainable development in the sector.
This investment highlights the growing importance of data centres in India’s tech ecosystem.
As more companies move their operations online, the demand for reliable and efficient data storage solutions continues to rise.
Blackstone and Panchshil’s project is poised to meet this demand while setting new standards for environmental responsibility.
Frequently Asked Questions
What is the total investment in the Navi Mumbai data centre?
The total investment in the Navi Mumbai data centre by Blackstone Group and Panchshil Realty is ₹20,000 crore.
How much area will the data centre cover?
The data centre will span 3 million sq ft across 14 buildings.
What is the power capacity of the data centre?
The data centre will have a power capacity of 500 MW.
What percentage of renewable energy will power the data centre?
The data centre will run on up to 65% renewable energy.
What is the role of Panchshil’s subsidiary in the project?
Panchshil’s subsidiary, Gramercy Info Park, has acquired 50 acres in Ghansoli for ₹900 crore to facilitate the data centre project.
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