Blackstone and Panchshil Set to Develop India’s Largest Hyperscale Data Center
The world’s largest alternative asset management firm, Blackstone Group, in partnership with Panchshil Realty, is set to develop India’s single largest hyperscale data center with a 500 MW capacity in Navi Mumbai. This project, with an investment of over
Hyperscale Data CenterNavi MumbaiBlackstone GroupPanchshil RealtyInvestmentReal Estate MumbaiFeb 25, 2025
This ambitious project comes with an investment of over Rs 20,000 crore, as reported by the Economic Times.
This development highlights the growing importance of digital infrastructure in India’s economic landscape.
Panchshil Realty's subsidiary, Gramercy Info Park, has paid Rs 900 crore, including consideration, levies, and charges for nearly 50 acres of land adjacent to Reliance Corporate Park in the Ghansoli neighborhood of Navi Mumbai.
The acquisition of this land was completed in two separate agreements, both of which were registered on February 11.
Real estate data analytics firm Propstack provided the necessary documentation for these transactions.
This project marks a significant Foreign Direct Investment (FDI) milestone since Blackstone recently reached an agreement with the Maharashtra government at the World Economic Forum (WEF) in Davos.
At the event, the US-based asset manager signed three agreements as part of its strategic plan to expand in India's real estate and digital infrastructure markets.
In January 2025, Blackstone announced its intention to invest around $11 billion in Maharashtra over the next three to five years.
This investment is a part of the robust economic and infrastructure development plans for the state.
At the WEF in Davos, the US-based investor and the Maharashtra government signed three significant agreements, which were warmly received by Chief Minister Devendra Fadnavis.
The Chief Minister hailed the partnership as a major boost to the state’s infrastructure and economy.
In collaboration with the City & Industrial Development Corporation of Maharashtra (CIDCO) and the Maharashtra Industrial Development Corporation (MIDC), around $6 billion will be invested in data centers and other infrastructure projects across the Mumbai Metropolitan Region (MMR).
This investment underscores Blackstone's commitment to enhancing the digital infrastructure in one of India's most economically vibrant regions.
With over $50 billion in assets under management since entering the Indian market in 2005, Blackstone has established itself as a key player in the country's real estate and infrastructure sectors.
Maharashtra, which has received 40% of Blackstone's investments, has been a primary beneficiary of the firm's strategic initiatives.
The development of the 500 MW hyperscale data center in Navi Mumbai is expected to create numerous job opportunities and stimulate economic growth in the region.
The partnership between Blackstone and Panchshil Realty is a testament to the growing confidence in India’s real estate and digital infrastructure markets.
This project is poised to set new standards in the industry and contribute significantly to the nation’s digital transformation journey.
Frequently Asked Questions
What is the capacity of the hyperscale data center being developed in Navi Mumbai?
The hyperscale data center being developed in Navi Mumbai has a capacity of 500 MW.
How much is the investment for this project?
The investment for the project is over Rs 20,000 crore.
Who is developing the hyperscale data center?
The hyperscale data center is being developed by Blackstone Group in partnership with Panchshil Realty.
When did Blackstone announce its $11 billion investment in Maharashtra?
Blackstone announced its $11 billion investment in Maharashtra in January 2025.
How much will be invested in data centers and other infrastructure projects in the Mumbai Metropolitan Region?
Around $6 billion will be invested in data centers and other infrastructure projects across the Mumbai Metropolitan Region (MMR).
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