Blackstone-Backed Lumina CloudInfra Invests ₹475 Crore in Mumbai Data Centre Land Deal

Industry sources have revealed that Blackstone-backed data centre developer Lumina CloudInfra has made a strategic acquisition of two adjoining land parcels totaling 3.8 acres in Chandivali, Andheri East, for ₹475 crore. The company reportedly plans to develop a 60 MW data centre on the plots, which are located off Saki Vihar Road, as part of its expansion strategy to strengthen its presence in Mumbai's rapidly growing digital infrastructure market.

Transaction Breakdown

According to registration documents, the deal comprised two separate acquisitions completed in September. The first plot measuring 2.04 acres was purchased for ₹294 crore, while the second plot of 1.75 acres was acquired for ₹181 crore. The transaction details indicate that the total consideration amounted to ₹475 crore, with stamp duty payments of ₹28.5 crore. The registration was reportedly completed on September 19, 2025.

Aggressive Growth Strategy

Market analysts note that Lumina, which is part of Blackstone's global portfolio, has been pursuing an aggressive scaling strategy for its data centre footprint across India. The company's expansion plans reveal that the new Chandivali facility will add 60 MW capacity, taking the regional capacity to 240 MW in Mumbai.

Industry reports suggest that the company has ambitious plans for Navi Mumbai with two sites totaling 180 MW planned, of which 30 MW is already operational. In Hyderabad, sources indicate that two sites with 240 MW are under construction while 120 MW is in rollout phase. This brings Lumina's total capacity under development in India to 600 MW, positioning it as one of the country's largest data centre operators.

Strategic Location Choice

Real estate experts explain that the Chandivali-Powai belt has emerged as a prime mixed-use development hub, attracting large-scale institutional investments. The location offers several advantages including proximity to Western and Eastern Express Highways, access to Mumbai Metro corridors for connectivity, an established IT and commercial cluster in Powai, and the presence of premium residential and commercial projects.

Market Implications

Industry analysts suggest that this acquisition underlines the growing demand for digital storage and cloud services, which is pushing global investors and operators to secure strategically located land in Mumbai. The deal is seen as part of a broader trend where global investors pour billions into Indian real estate.

With over $50 billion in India investments, Blackstone has established itself as the country's largest foreign real estate investor, with sources indicating an estimated $30 billion portfolio across office, retail, logistics, hospitality, residential, and data centres.

Future Outlook

Market observers believe that the Chandivali project will cement Mumbai's status as a key hub for data centre growth in India and reinforces Blackstone's strategy of making significant investments in digital infrastructure. The development is expected to contribute to the broader transformation of Mumbai Metropolitan Region's real estate landscape.