In a significant boost to India’s digital infrastructure, Blackstone Group and Panchshil Realty have announced plans to develop the country’s largest hyperscale data center in Navi Mumbai. This ambitious project, set to deliver a 500 MW capacity, represents an investment exceeding $2.4 billion (₹20,000 crore). Notably, the facility aims to operate on up to 65% renewable energy, underscoring a commitment to sustainability. The development will encompass 14 buildings, covering over 3 million square feet.
This initiative follows Blackstone’s recent agreements with the Maharashtra government, signed during the World Economic Forum in Davos. The firm has committed to investing up to $11 billion in the state’s real estate and infrastructure sectors over the next three to five years. This includes a $5 billion allocation for the “Mumbai 3.0” project and additional funds earmarked for data centers in collaboration with Panchshil Realty.
The Navi Mumbai data center is poised to play a pivotal role in meeting the escalating demand for digital services in India. Its strategic location and substantial capacity are expected to attract major global technology companies seeking reliable and scalable data storage solutions. Furthermore, the project’s emphasis on renewable energy aligns with India’s broader goals of promoting sustainable development and reducing carbon emissions.
This development also reflects a growing trend of significant investments in India’s technology infrastructure by leading global firms, signaling confidence in the country’s economic prospects and digital growth trajectory.