Lumina CloudInfra, a data center developer backed by Blackstone, has acquired two adjacent land parcels totaling 3.8 acres in Chandivali, near Saki Vihar Road in Andheri East, Mumbai, for ₹475 crore.
The first plot, measuring 2.04 acres, was acquired for ₹294 crore, while the second plot of 1.75 acres cost ₹181 crore. The company plans to construct a 60 MW data center on these sites, according to sources familiar with the transaction.
Both acquisitions were registered on September 19, incurring a combined stamp duty of ₹28.5 crore, as per documents obtained from CRE Matrix.
As part of Blackstone’s portfolio, Lumina CloudInfra is expanding its footprint in the growing data center and digital infrastructure sector. The company is currently developing two sites in Navi Mumbai, with a total capacity of 180 MW, of which 30 MW is operational. Additionally, it has two sites in Hyderabad under construction, totaling 240 MW, and plans for 120 MW in another southern Indian location.
The new Chandivali project is expected to bring the total capacity in the Mumbai region to 240 MW. Overall, Lumina has 600 MW in the pipeline, positioning it as one of India’s largest data center platforms.
The Chandivali area, near Powai, has become a prime hub for mixed-use development, hosting both commercial and residential projects. Its strategic location near the Western and Eastern Express Highways and the Mumbai Metro corridors has attracted substantial institutional and corporate interest.
Industry experts suggest that Lumina’s acquisition reflects a growing interest from global investors in acquiring strategically located land in Mumbai for data centers, driven by increasing demand for cloud services and data storage.
Blackstone has emerged as one of India’s leading foreign investors with over $50 billion in assets under management, and it boasts a real estate portfolio valued at approximately $30 billion across various sectors, including office, retail, logistics, hospitality, residential, and data centers.
“Data center operators are actively seeking land in Mumbai, especially in areas like Chandivali, Navi Mumbai, and Thane, due to their connectivity and proximity to major business districts. This acquisition highlights the growing momentum in the sector,” commented a consultant tracking institutional real estate investments.
Neither Lumina CloudInfra nor Blackstone provided comments for this report.
India’s data center capacity is projected to more than double by 2027, fueled by rising digital service consumption, the rollout of 5G, cloud adoption, and supportive policy measures. As the nation’s financial hub and a key landing station for submarine cables, Mumbai continues to dominate new supply pipelines.
