Blackstone Group, one of the world's largest alternative asset management firms, is collaborating with Panchshil Realty to establish India's largest hyperscale data center in Navi Mumbai. The data center project is expected to have a capacity of 500 MW. The firms will invest around USD 2 billion (INR 20,000 crore) for the project.

The data center will be a state-of-the-art facility spanning 14 buildings and covering 3 million square feet. Furthermore, the data center is expected to use up to 65 percent renewable energy, aligning with sustainability goals in the digital infrastructure sector.

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Land Acquisition for the Data Center

Additionally, Panchshil Realty's subsidiary, Gramercy Info Park, has acquired a nearly 50-acre land parcel next to Reliance Corporate Park in Navi Mumbai's Ghansoli area for INR 900 crore.

Blackstones Data Center Investments

With over USD 50 billion in assets under management in India, Blackstone remains one of the country's most prominent investors. Nearly 40 percent of its investments are concentrated in Maharashtra. The company has also invested significantly in Bengaluru, Hyderabad, Pune, NCR, Chennai, and Kolkata.

Blackstone has invested in the development of multiple data centers in India. They are building two data centers in Navi Mumbai, investing over USD 300 million, with an estimated capacity of 60 MW. The company's latest data center investment will further expand its presence in India.

Read: List of Top 10 Data Center Providing Companies in India

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