Blackstone Bets Big on Chennai with ₹10,000 Crore Hyperscale Data Centre Campus

Blackstone Group is planning to invest more than ₹10,000 crore to develop a hyperscale data centre campus in Tamil Nadu, according to The Economic Times reports. The project will be executed through its data centre platform, Lumina CloudInfra.  

Lumina has acquired a 16-acre land parcel in Chennai’s Ambattur area for over ₹500 crore. The campus is expected to begin operations with an initial IT load capacity of 216 megawatts (MW). 

Project Delivery Structure 

Bengaluru-based Beary Group, which focuses on data centre development, supported the land transaction and will work on the project under a Design-Build-Deliver model. The group has previously delivered data centre facilities for global operator NTT.  

Beary Group said the project shows the increasing role of large-scale digital infrastructure in India’s economy. 

Blackstone’s India Data Centre Pipeline 

The Chennai project adds to Blackstone’s data centre pipeline in India. The firm is developing two sites in Navi Mumbai with a combined capacity of 180 MW, of which 60 MW is operational.  

A separate project in Mumbai’s Chandivali suburb is planned, which could take total capacity in the Mumbai region to around 270 MW.  

2 sites with a combined capacity of 250 MW are under development in Hyderabad. With these projects, Blackstone’s potential capacity in India is expected to exceed 700 MW. 

Broader India Investment Exposure 

Blackstone is among the largest foreign investors in India, with assets under management of more than $50 billion since inception.  

Its real estate portfolio in the country is estimated at $30 billion and includes offices, retail assets, logistics facilities, hospitality, residential properties and data centres. 

Sector Context 

India’s data centre capacity is projected to more than double by 2027, supported by rising digital consumption, cloud adoption, 5G rollout and policy measures. Mumbai continues to lead new supply, while Chennai and Hyderabad are emerging as additional hubs. 

Read More: CCI Clears Blackstone’s Minority Stake in Federal Bank and Tata Steel’s Move for Full Control of Tata BlueScope! 

Conclusion 

The Chennai hyperscale campus forms part of Blackstone’s multi-city data centre expansion in India and adds to the growing pipeline of digital infrastructure developments. 

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