Global investment firm Blackstone Group is expanding its presence in India’s data centre sector, with plans to invest more than INR 10,000 crore to develop a large hyperscale digital infrastructure hub in Tamil Nadu, according to ET media reports.

As part of this initiative, Blackstone’s data centre platform, Lumina CloudInfra, has acquired a 16-acre land parcel in Ambattur, located in the Chennai metropolitan region, for over INR 500 crore. The proposed hyperscale data centre campus is expected to have an initial IT load capacity of 216 megawatts (MW).

The project reflects growing institutional interest in data centres, which are increasingly viewed as critical real estate assets due to rising digital consumption and cloud-based services. With this development, Blackstone continues to expand its footprint across India’s key digital markets.

The land transaction was supported by Bengaluru-based Beary Group, a real estate developer known for its work in data centre project delivery. Beary Group has previously developed facilities for global operator NTT and will collaborate with Blackstone on the Chennai campus under its Design-Build-Deliver (DBD) model.

The Chennai facility adds to Blackstone’s expanding data centre portfolio in the country. With this project, the firm is among the largest data centre owners in India, with a total potential capacity exceeding 700 MW.

Blackstone is already developing two data centre sites in Navi Mumbai with a combined capacity of 180 MW, of which 60 MW is ready. Construction is also set to begin on a new project in Mumbai’s Chandivali suburb, which is expected to raise the company’s total capacity in the Mumbai region to around 270 MW.

In addition, two sites with a combined capacity of 250 MW are under development in Hyderabad.

Blackstone is one of the largest foreign investors in India, with assets under management exceeding USD 50 billion since inception. Its real estate portfolio in the country is estimated at USD 30 billion and spans multiple asset classes, including offices, retail, logistics, hospitality, residential properties, and data centres.

India’s data centre capacity is projected to more than double by 2027, driven by increased digital adoption, 5G rollout, cloud services, and supportive policy measures. Mumbai continues to lead new supply, while cities such as Chennai and Hyderabad are emerging as key hubs.