Blackstone plans Rs 10,000-crore digital infra hub in Chennai

Global investment major Blackstone Group is ramping up its data centre footprint in India, with a plan to invest over Rs 10,000 crore to develop a hyperscale digital infrastructure hub in Tamil Nadu, said persons familiar with the development

For this, Blackstone’s data centre platform Lumina CloudInfra has acquired a 16-acre land parcel in Chennai’s Ambattur for over Rs 500 crore. The hyperscale data centre campus in the Chennai metropolitan region will have an initial IT load capacity of 216 megawatts (MW).

The investment strengthens Blackstone’s growing network of data centre facilities across India’s key digital markets and underscores rising institutional interest in data-driven real estate assets.


The land transaction was executed with the support of Bengaluru-based Beary Group, a real estate developer that specialises in data centre project delivery. Beary Group, which has previously developed multiple facilities for global operator NTT, will work with Blackstone to deliver the Chennai campus under its Design-Build-Deliver (DBD) 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. Our Design-Build-Deliver model is aimed at helping global investors execute large projects with speed, quality, and sustainability at scale,” Syed Mohamed Beary, founder & CMD of Beary Group, told ET.

The Chennai project adds to Blackstone’s rapidly growing data centre portfolio in India. With this project underway, Blackstone is among the largest data centre owners in India with over 700 MW potential.

ET had earlier reported that Blackstone is already developing two sites in Navi Mumbai with a total 180 MW capacity, of which 60 MW is ready and soon starting construction in a new project in Mumbai’s Chandivali suburb. This is expected to take the capacity in the Mumbai region alone to 270 MW.

Additionally, the company is also developing two sites in Hyderabad with 250 MW under construction, reflecting Blackstone's multi-city expansion strategy.

Blackstone declined to comment.

Blackstone has emerged as one of the largest foreign investors in India with assets under management of over $50 billion since inception, and is the country’s largest real estate investor with a portfolio estimated at $30 billion spanning office, retail, logistics, hospitality, residential and data centres.

India’s data centre capacity is expected to more than double by 2027, supported by surging consumption of digital services, 5G rollout, cloud adoption, and policy incentives. Mumbai, as the country’s financial capital and a key landing station for submarine cables, continues to dominate new supply pipelines.

“The project underscores India’s growing digital and data driven economy,” said Syed Mohamed Beary, founder, chairman and managing director of Beary Group. The group, which has previously developed multiple facilities for global operator NTT, will work with Blackstone to deliver the Chennai campus under its design-build-deliver (DBD) model, Beary told ET.

The Chennai project adds to Blackstone’s rapidly growing data centre portfolio in India.