Amid rising demand for digital infrastructure, a global investment firm is moving ahead with a large expansion of its data centre footprint in India, signalling strong confidence in the country’s data-driven growth.
Blackstone Group is set to invest more than ₹10,000 crore to develop a hyperscale digital infrastructure hub in Tamil Nadu. The project will be executed through its data centre platform, Lumina CloudInfra, which has acquired a 16-acre land parcel in Ambattur, Chennai, for over ₹500 crore.
The upcoming campus in Chennai will begin with an initial IT load capacity of 216MW. The development is expected to strengthen Blackstone’s presence across key Indian digital markets and reflects increasing institutional interest in data centres as a critical real estate asset class. The land transaction was facilitated by a Bengaluru-based real estate developer specialising in data centre project delivery.
The Chennai facility will be delivered in collaboration with Beary Group, which has previously developed multiple data centre facilities for a global operator. The group will work with Blackstone under its Design-Build-Deliver model. “We are working with Blackstone on this large data center development in Chennai. The project underscores India’s growing digital and data-driven economy,” said Syed Mohamed Beary, founder and CMD of Beary Group.
This project marks a significant addition to Blackstone’s fast-growing data centre portfolio in India. The firm already owns data centre assets with over 700MW of potential capacity, positioning it among the largest data centre owners in the country. In addition to Chennai, Blackstone is developing 2 sites in Navi Mumbai with a combined capacity of 180MW, along with 2 more facilities in Hyderabad offering 250MW, which are currently under construction.
Blackstone continues to be one of the largest foreign investors in India, managing assets worth over $50 billion. It is also the country’s biggest real estate investor, with a portfolio valued at $30 billion spanning office spaces, retail assets, logistics parks, hospitality projects, residential developments and data centres.
The Chennai investment further highlights India’s growing role as a major hub for cloud services, data storage and digital infrastructure.
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