By Kailash Babar
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Blackstone-backed data centre developer and operator Lumina CloudInfra has acquired two adjoining land parcels spread over 3.8 acres in Chandivali, off Saki Vihar Road in Andheri East, Mumbai, for a total consideration of Rs 475 crore.The company purchased the first 2.04-acre plot for Rs 294 crore and the second 1.75-acre plot for Rs 181 crore. Lumina is planning to develop a 60 MW data centre on these plots, said people familiar with the development.Both transactions were registered on September 19, with a combined stamp duty outgo of Rs 28.5 crore, documents accessed through CRE Matrix showed.Lumina CloudInfra, which is part of the global private equity major Blackstone’s portfolio, has been ramping up its presence in the fast-growing data centre and digital infrastructure space.Lumina is developing two sites in Navi Mumbai with total 180 MW capacity, of which 30 MW is ready. It is also developing two sites in Hyderabad with 240 MW under construction and 120 MW as part of its rollout in another location in South India.Live EventsThe new project in Chandivali is expected to take the capacity in the Mumbai region alone to 240 MW. In total, Lumina has 600 MW underway, making it one of the largest data centre platforms in India.The Chandivali belt, located close to Powai, has emerged as one of the city’s most sought-after hubs for mixed-use development and is home to several large commercial and residential projects. Given its proximity to the Western and Eastern Express Highways, Mumbai Metro corridors and the established IT cluster in Powai, the locality has been attracting significant institutional and corporate interest in recent years.According to industry experts, the Lumina transaction indicates growing appetite among global investors and operators for strategically located land parcels in Mumbai to build data centres, given rising demand for cloud services and digital storage.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.“Data centre operators are aggressively scouting for land parcels across Mumbai, especially in areas such as Chandivali, Navi Mumbai and Thane, owing to their connectivity, availability of power supply and proximity to business districts. This acquisition underscores the momentum in the segment,” said a consultant tracking institutional real estate investments.Lumina CloudInfra and Blackstone declined to comment for the story.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. Add as a Reliable and Trusted News Source Add Now!
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