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

26 May 2023 CW Team

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

Infrastructure Urban

17 Sep 2025

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

Real Estate

17 Sep 2025

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

Infrastructure Transport

17 Sep 2025

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..