Blackstone, Panchshil to Build 500MW Data Center in India
—And It’s Bigger Than Just Capacity
India’s digital infrastructure race just hit a new milestone.
Blackstone and Panchshil Realty are teaming up to develop a 500MW data center platform in Navi Mumbai, marking one of the largest private equity-backed data center investments in India’s history.
But this move isn’t just about adding capacity.
It’s about strategic positioning in one of the fastest-growing digital economies in the world.
Why This Deal Matters
India’s data center market is on fire.
With AI adoption, cloud expansion, and regulatory shifts like the Digital Personal Data Protection Act, the demand for high-capacity, in-country data centers has never been higher.
Blackstone, one of the world’s largest asset managers, is betting big on India’s rapid digital transformation—and it’s no surprise why.
Internet traffic in India is expected to grow 4x by 2027
Cloud adoption is surging, with AWS, Microsoft, and Google Cloud expanding their footprints
AI workloads are intensifying, requiring high-density computing power
Government policies are pushing for data localization, making in-country infrastructure critical
Panchshil Realty, through its subsidiary Gramercy Info Park, has acquired nearly 50 acres in Ghansoli, Navi Mumbai, next to Reliance Corporate Park—a prime location for hyperscale connectivity.
With a ₹20,000 crore ($2.41B) investment, this facility will span 3 million square feet across 14 buildings, making it India’s largest data center campus.
The Real Advantage: Scale and Strategy
500MW isn’t just another number—it’s a fundamental shift in India’s data center landscape.
Until now, India’s market has been dominated by smaller, fragmented players. Most large-scale operators manage between 50-100MW. A 500MW roadmap puts Blackstone and Panchshil in a different league.
But the real game-changer? Sustainability and energy independence.
65% of the facility’s power will come from renewable energy, reinforcing India’s push for green data centers.
Proximity to submarine cable landing stations ensures low-latency connectivity for global cloud players.
Strategic location near Reliance Corporate Park ties it into India’s broader digital ecosystem.
The combination of financial muscle, local execution, and long-term strategic vision makes this partnership a serious contender in India’s evolving data center market.
The Bigger Picture: India as a Global Data Hub
India isn’t just catching up—it’s becoming a global data center powerhouse.
How does this stack up against other major investments?
Reliance’s 3GW AI Data Center in Jamnagar → A much larger, $20B+ investment, but with a different focus on AI-dedicated workloads.
Sify Technologies’ $5B Expansion → Targeting secondary markets with smaller distributed facilities.
What makes Blackstone-Panchshil different? Location, hyperscale readiness, and deep integration with India’s AI and cloud ecosystem.
For Blackstone, this is more than just an infrastructure play—it’s a long-term bet on India’s digital future.
And for the Indian market? This is just the beginning.
With this project, Blackstone and Panchshil aren’t just building India’s largest data center—they’re reshaping the country’s digital future.
The question now is: Who’s next?