Lumina CloudInfra, an India-based company owned and managed by Blackstone's Real Estate and Tactical Opportunities funds, has started construction on a hyperscale data center in Navi Mumbai. With $25 billion in reserve and two projects underway in Mumbai and Chennai, the company is expected to commit $300 million to its inaugural Navi Mumbai campus. Following is the full report from SURFACES REPORTER (SR):
Covering an area of 6.3 acres, the Airoli facility has an estimated capacity of more than 60MW in two phases. The debut phase is planned to be finished by 2025. It is also known that Lumina is looking into constructing another data center in Mahape, Navi Mumbai.
Blackstone aims to develop data centers in five metropolises across India with a total capacity of 600MW by 2030. Its website indicates they are aiming to construct these facilities in cities including Pune, Hyderabad, Chennai and Mumbai; but further details have not been disclosed yet.
Lumina CEO Anil Reddy said that the company is in talks with Microsoft, Amazon, Google, and Oracle. "We will be one of those who are capturing some of those dollars from there because we will have them as a customer," he said. These companies are expected to generate two-thirds of Blackstone's India data center business, while the remaining will come from government, banking, and healthcare.
Blackstone acquired QTS Realty Trust for $10 billion in 2021, one of the largest data center acquisitions ever. In addition to running data centers in Japan and owning Phoenix Towers International, the company also invests in Chinese operators Vnet and operates data centers in Japan. Equinix purchased a London data center occupied by the company in 2021, and it has several joint ventures with COPT for Virginia data centers.
Image Credits: luminadc
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