The digital economy is the backbone of modern infrastructure, and Blackstone, in collaboration with Panchshil Realty, is making a bold statement with a ₹20,000 crore investment to develop India’s largest hyperscale data centre in Navi Mumbai. This 500 MW facility, spanning 14 buildings across 3 million sq ft, will be powered by up to 65% renewable energy, setting a new benchmark in sustainable digital infrastructure.
Strategic Implications of the Investment
This project represents the first major Foreign Direct Investment (FDI) post-Blackstone’s agreement with the Maharashtra government at Davos. It underscores the firm’s commitment to India’s digital expansion, aligning with the country’s vision of becoming a global hub for cloud computing, artificial intelligence, and high-performance computing infrastructure.
Panchshil Realty’s subsidiary, Gramercy Info Park, has acquired nearly 50 acres of prime land adjacent to Reliance Corporate Park, reinforcing Navi Mumbai’s emergence as a data centre powerhouse. Given its strategic location and connectivity, the region is set to attract hyperscalers and global enterprises.
Blackstone’s Growing Footprint in India
With over $50 billion in assets under management in India, Blackstone continues to deepen its investments in digital and property infrastructure. Nearly 40% of its investments are concentrated in Maharashtra, making the state a critical pillar in its growth strategy. The firm already dominates India’s office real estate sector, holding 135 million sq ft across 50 properties and preparing for its third REIT filing.
Beyond real estate, Blackstone has been aggressively expanding its presence in data centres through Lumina CloudInfra, with two ongoing projects in Navi Mumbai, each with an investment of over $300 million. The new 500 MW hyperscale facility will be a game-changer, propelling India’s data economy forward.
The Future of India’s Data Centre Industry
This ambitious project signals the increasing demand for data infrastructure as businesses accelerate cloud adoption and AI-driven applications. By leveraging renewable energy, the project also aligns with India’s sustainability goals, ensuring long-term viability.
As Blackstone and Panchshil Realty set the stage for the next era of digital infrastructure, this investment cements India’s position as a preferred destination for global data centre investments. The project’s scale, sustainability approach, and strategic location make it a landmark development in India’s digital evolution.
