.jpg)
Blackstone Group and Panchshil Realty are making a game-changing ₹20,000 crore investment to build a 500 MW hyperscale data center in Navi Mumbai. Spanning 3 million sq ft across 14 buildings, this state-of-the-art facility will leverage up to 65% renewable energy, marking a first-of-its-kind initiative in India’s digital infrastructure landscape.
This major development follows Blackstone’s foreign direct investment (FDI) agreement with Maharashtra at Davos, signaling a strong commitment to India’s digital economy. Designed as a built-to-suit facility, the data center will cater to hyperscalers specializing in cloud computing, artificial intelligence (AI), and high-performance computing infrastructure. Panchshil’s subsidiary, Gramercy Info Park, has already secured 50 acres in Ghansoli for ₹900 crore to kickstart the project.
With $50 billion in assets under management in India, Blackstone is a dominant player in real estate and digital infrastructure, owning 135 million sq ft of office space and leading the REIT market. Additionally, the firm is developing two more data centers in Navi Mumbai under Lumina CloudInfra, with a $600 million investment.
This mega project cements Blackstone’s long-term commitment to transforming India’s data ecosystem, reinforcing Navi Mumbai’s status as a premier data hub