Blackstone Group, one of the largest alternative asset managers in the world, is planning to build one of India’s largest data centers in association with its Indian partner Panchshil Realty. The 500 MW hyperscale data center would be built in Navi Mumbai, reportedly at the cost of ₹ 20,000 crores.
According to a report in The Economic Times, the data center will be powered by at least 65 percent renewable energy, and will comprise 14 buildings spread over 3 million square feet. Quoting an unnamed source, the publication said that the project will be a built-to-suit facility catering to hyperscalers specialising in cloud computing, artificial intelligence, and high-performance computing infrastructure.
Panchshil’s subsidiary Gramercy Info Park has reportedly already secured 50 acres of land in Ghansoli for ₹ 900 crores. Readers would recall that Blackstone had entered into two separate agreements cumulatively worth US$ 6 billion with the government of the western Indian state of Maharashtra.
The first is a US$ 3 billion Memorandum of Understanding (MoU) with the Maharashtra Industrial Development Corporation (MIDC), and the second is also a MoU worth US$ 3 billion, this time with the City & Industrial Development Corporation of Maharashtra (CIDCO) to develop data centers in the Mumbai Metropolitan Region (MMR).
Blackstone is already developing two data centers in Navi Mumbai, the projects reportedly worth US$ 300 million.
