The ₹10,000 crore project deepens Blackstone’s bet on India’s AI and cloud infrastructure.
Chennai, India:
The Blackstone Chennai data centre investment marks a major acceleration of the global investment firm’s India digital infrastructure strategy. Blackstone Group is planning a ₹10,000 crore hyperscale data centre campus in Chennai, strengthening the city’s position as one of India’s most important hubs for cloud computing and artificial intelligence infrastructure.
This Blackstone Chennai data centre investment places the firm at the centre of India’s rapidly expanding data centre and AI compute ecosystem, as global capital increasingly targets assets that power cloud services, enterprise digitalisation, and next-generation AI workloads.
Blackstone Chennai data centre investment details
According to multiple industry reports, the Blackstone Chennai data centre investment is being executed through its data centre platform Lumina CloudInfra, which has acquired a 16-acre land parcel in Ambattur, Chennai, for over ₹500 crore. The site will be developed into a large-scale hyperscale data centre campus with an initial IT load capacity of 216 megawatts.
The total investment for the Chennai campus is estimated at ₹10,000 crore, making the Blackstone Chennai data centre investment one of the largest digital infrastructure commitments in South India. The facility is expected to support hyperscale cloud providers, AI-driven enterprises, and high-density compute workloads.
The project is being developed in partnership with Beary Group, a Bengaluru-based real estate developer specialising in data centre construction. Beary Group has previously delivered data centre facilities for global operators such as NTT and will execute the Chennai campus under its Design-Build-Deliver (DBD) model.
Why the Blackstone Chennai data centre investment is focused on Chennai
Chennai has rapidly emerged as a preferred destination for hyperscale data centres due to reliable power availability, strong fibre connectivity, proximity to submarine cable landing stations, and rising enterprise demand.
While Mumbai continues to lead India’s data centre market, the Blackstone Chennai data centre investment reflects how Chennai is increasingly viewed as a strategic alternative for large-scale deployments, particularly for AI and cloud workloads that require geographic diversification and long-term scalability.
India’s overall data centre capacity is projected to more than double by 2027, driven by cloud adoption, AI expansion, 5G rollout, and the growth of digital public infrastructure.
AI strategy alongside the Blackstone Chennai data centre investment
Alongside the Blackstone Chennai data centre investment, the firm has also expanded its exposure to India’s AI infrastructure ecosystem. Blackstone has recently finalised a structured investment in Neysa Networks, a Mumbai-based AI cloud infrastructure startup.
Founded in 2023 by Sharad Sanghi and Anindya Das, Neysa Networks focuses on AI-native cloud and compute infrastructure designed for large-scale training and inference workloads. This move signals that Blackstone’s India strategy extends beyond physical data centres into the broader AI infrastructure stack.
Blackstone’s growing digital infrastructure footprint in India
Blackstone is one of India’s largest foreign investors, with over $50 billion in assets under management in the country. It is also India’s largest real estate investor, with an estimated $30 billion real estate portfolio.
Beyond the Blackstone Chennai data centre investment, the firm is developing data centre capacity across Mumbai, Navi Mumbai, and Hyderabad, and has exposure to global hyperscale platforms such as AirTrunk, which is planning additional facilities in India.
Speaking at ET@Davos 2026, Blackstone CEO Stephen Schwarzman stated that India has already arrived and is no longer an emerging market, underscoring the firm’s long-term conviction.
Global capital and the rise of India’s digital backbone
The Blackstone Chennai data centre investment mirrors a broader trend of global capital flowing into India’s digital infrastructure. Companies such as Brookfield, Digital Realty, Reliance Industries, Google, and the Adani Group are expanding data centre and cloud capacity to support AI-driven growth.
As AI adoption accelerates, ownership of data centres, power infrastructure, and cloud platforms is increasingly seen as a strategic advantage rather than a traditional real estate play.
Outlook
With the Blackstone Chennai data centre investment of ₹10,000 crore and expanding exposure across AI and cloud infrastructure, Blackstone is positioning itself as a long-term architect of India’s digital economy.
For India, the signal is clear: global institutional investors are no longer testing the market. They are building at scale, with long-term conviction, as the country’s digital and AI infrastructure enters its next growth phase.
FAQ: Blackstone Chennai Data Centre Investment
Why is the Blackstone Chennai data centre investment focused on Chennai?
The Blackstone Chennai data centre investment targets Chennai due to its strong power infrastructure, fibre connectivity, and proximity to submarine cable landing stations.
What is the capacity of the Blackstone Chennai data centre?
The initial phase of the Blackstone Chennai data centre investment will deliver 216 MW of IT load capacity, with scope for expansion.
Who is developing the Blackstone Chennai data centre project?
The project is being developed by Lumina CloudInfra in partnership with Beary Group under a Design-Build-Deliver model.
How does this fit into Blackstone’s India strategy?
The Blackstone Chennai data centre investment complements the firm’s wider digital infrastructure and AI investments across India, including data centres in Mumbai and Hyderabad and AI platforms such as Neysa Networks.
