Blackstone Group and Panchshil Realty are making a landmark move in India’s digital infrastructure with a massive ₹20,000 crore investment in a 500 MW hyperscale data centre in Navi Mumbai. 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.

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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.

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