Blackstone-Backed Lumina CloudInfra Secures 3.8-Acre Chandivali Site for ₹475 Crore Data Center Development

A prominent real estate transaction has emerged in Mumbai's commercial landscape, with Lumina CloudInfra, a company supported by international investment firm Blackstone, reportedly acquiring two adjoining land parcels spanning 3.8 acres in the Chandivali locality for approximately ₹475 crore.

Strategic Location Drives High-Value Acquisition

Industry observers noted that the acquisition holds significance beyond its financial scope, primarily due to its strategic positioning. The Chandivali area, positioned between Andheri East and Ghatkopar, is situated within a rapidly evolving commercial corridor that has gained prominence for commercial and logistics infrastructure. The site benefits from accessibility to the Eastern Express Highway and proximity to metro connectivity, offering robust transportation links.

Development Plans Aligned with Digital Infrastructure Demand

According to official sources, the transaction was completed in September 2025. The land parcels are anticipated to be transformed into specialized data center or cloud infrastructure facilities, aligning with Lumina CloudInfra's primary business operations. This strategic move reflects Blackstone's wider investment approach toward technology-oriented real estate assets across India.

Market Confidence in Mumbai's Tech Infrastructure Growth

The development has been interpreted as a demonstration of investor confidence in Mumbai's expanding digital infrastructure capabilities, particularly as demand for edge data connectivity and cloud services continues to gain momentum. Real estate investment analysts suggested that such strategic acquisitions could signal a trend toward additional large-scale land transactions in prime Mumbai suburban locations, especially for technology-related real estate purposes.

The transaction comes at a time when Mumbai's real estate market is witnessing heightened interest from institutional investors seeking opportunities in specialized infrastructure segments. Industry experts emphasized that the convergence of favorable location attributes, robust connectivity infrastructure, and growing digital economy requirements makes such developments increasingly attractive for long-term investment strategies.

This acquisition follows Blackstone's recent announcement of building logistics parks across Maharashtra, demonstrating the firm's continued commitment to infrastructure development in the region. The commercial property investment landscape in India continues to attract significant capital from global investors, with technology-driven assets emerging as preferred investment vehicles.

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