Lumina CloudInfra to invest $300M+ in Navi Mumbai hyperscale data centre
Technology

Lumina CloudInfra to invest $300M+ in Navi Mumbai hyperscale data centre

Lumina CloudInfra, a data centre platform owned and managed by Blackstone’s Real Estate and Tactical Opportunities funds, has announced its plans to invest over $ 300 million, approximately Rs 25 billion, in the development of a hyperscale data centre campus in the Airoli locality of Navi Mumbai.

According to reports, this venture will mark Lumina CloudInfra's first data centre investment in India and is expected to strengthen the institutional investor's presence in the Asian data centre market.

The Airoli data centre project, spanning across 6.3 acre of land, will be established in two phases and will have a capacity of over 60 MW of critical IT load. The construction of the first phase is anticipated to commence soon and should be completed by 2025.

India is experiencing high growth, and we expect a substantial increase in data centre demand due to the rapid surge in data consumption, digitization of the economy, the advent of 5G, and the trend of data localization. Our initial data centre is a crucial milestone for Lumina and India's digital transformation journey.

Lumina CloudInfra also has plans to establish its second data centre in the Mahape locality of Navi Mumbai. Sujeet Deshpande, CEO & Co-Founder of Lumina India, highlighted the immense demand for data centres in India, considering its status as a hub for leading technology and IT service companies.

India's data centre ecosystem is experiencing strong and continuous growth, driven by the proliferation of data. The industry capacity is expected to witness significant expansion in the next 1-2 years, with Mumbai maintaining its position as the leader, accounting for 52% of the country's total capacity.

The data centre sector in India is becoming a promising opportunity for global investors and prominent developers. Substantial investments are flowing into this segment, leading to the creation of multiple new markets and the rapid development of data centre campuses in key cities such as Mumbai and Chennai.

Also read:
Realty boom in Telangana hits a pause
Indian REITs drive growth in commercial real estate market


Lumina CloudInfra, a data centre platform owned and managed by Blackstone’s Real Estate and Tactical Opportunities funds, has announced its plans to invest over $ 300 million, approximately Rs 25 billion, in the development of a hyperscale data centre campus in the Airoli locality of Navi Mumbai. According to reports, this venture will mark Lumina CloudInfra's first data centre investment in India and is expected to strengthen the institutional investor's presence in the Asian data centre market. The Airoli data centre project, spanning across 6.3 acre of land, will be established in two phases and will have a capacity of over 60 MW of critical IT load. The construction of the first phase is anticipated to commence soon and should be completed by 2025. India is experiencing high growth, and we expect a substantial increase in data centre demand due to the rapid surge in data consumption, digitization of the economy, the advent of 5G, and the trend of data localization. Our initial data centre is a crucial milestone for Lumina and India's digital transformation journey. Lumina CloudInfra also has plans to establish its second data centre in the Mahape locality of Navi Mumbai. Sujeet Deshpande, CEO & Co-Founder of Lumina India, highlighted the immense demand for data centres in India, considering its status as a hub for leading technology and IT service companies. India's data centre ecosystem is experiencing strong and continuous growth, driven by the proliferation of data. The industry capacity is expected to witness significant expansion in the next 1-2 years, with Mumbai maintaining its position as the leader, accounting for 52% of the country's total capacity. The data centre sector in India is becoming a promising opportunity for global investors and prominent developers. Substantial investments are flowing into this segment, leading to the creation of multiple new markets and the rapid development of data centre campuses in key cities such as Mumbai and Chennai. Also read: Realty boom in Telangana hits a pause Indian REITs drive growth in commercial real estate market

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code