Blackstone, Panchshil to construct India’s largest data centre
Blackstone, in collaboration with Panchshil Realty, has announced an investment of Rs 20,000 crore 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.
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.