Princeton Digital Expands India Footprint with Over 1 Million Sq Ft Deal in Airoli

Princeton Digital Group (PDG), the Singapore-based data centre powerhouse, has entered into a landmark lease agreement for over 1.06 million sq ft of commercial space in Navi Mumbai’s Airoli. The move marks the creation of India’s largest PDG campus, with a rental outlay totaling nearly ₹3,745 crore over a 20-year lease period.

A Mega Partnership with Mindspace REIT

The deal has been executed through three lease agreements, forming part of a strategic alliance between PDG and Mindspace Business Parks REIT, promoted by K Raheja Corp. The five-building data centre hub will be housed within the 50-acre Mindspace Airoli West complex, further strengthening the location’s position as a premier data centre corridor in India.

Phased Development for AI-Ready Data Centres

As per documents accessed via Propstack, the leases include:

• 252,000 sq ft at ₹2.48 crore/month
• 315,000 sq ft at ₹3.10 crore/month
• 491,000 sq ft at ₹4.83 crore/month

The project will be developed in phases, with rental payments triggered upon delivery of each phase.

PDG’s $5 Billion Asia Push

These leases are part of PDG’s broader $5 billion investment programme aimed at scaling AI-ready data centres across Asia, including a $1 billion investment for Indian capacity expansion to 230 MW. The three new towers will offer built-to-suit facilities spanning 22 floors, meeting the high-density infrastructure needs of modern digital infrastructure.

Navi Mumbai as a Rising Data Centre Hub

The latest agreements will take the total data centre footprint by PDG at the Gigaplex Estate in Airoli to 1.7 million sq ft, including two data centres already delivered measuring 0.63 million sq ft. This cements Navi Mumbai’s emerging status as a critical node in India’s digital infrastructure network.

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