Chennai, India - January 28, 2026 - Global investment firm Blackstone is planning to develop a 216-megawatt (MW) hyperscale data center campus in Chennai, marking one of its largest digital infrastructure investments in India as demand for cloud and AI-ready capacity continues to rise.
The project, estimated to involve an investment of more than INR 10,000 crore (~USD 1.2 billion), will be developed through Blackstone’s data center platform Lumina CloudInfra, according to people familiar with the matter. The proposed campus will be located on a 16-acre site in Ambattur, an industrial corridor in north Chennai that has emerged as a key data center cluster due to its power availability and connectivity.
Lumina CloudInfra recently acquired the land parcel for more than INR 500 crore, with the site expected to support phased development delivering an initial IT load capacity of 216 MW. The campus is designed to cater to hyperscale cloud providers and enterprises deploying compute-intensive workloads, including artificial intelligence and data analytics.
Project delivery will be supported by Beary Group, a Bengaluru-based real estate developer with experience in large-scale data center construction. The company will work with Blackstone under a design-build-deliver model to execute the Chennai development, according to people involved in the transaction.
The Chennai project adds to Blackstone’s growing data center footprint in India. Through Lumina CloudInfra, the firm has existing and planned developments in Navi Mumbai, Chandivali in Mumbai, and Hyderabad, with a combined potential capacity exceeding 700 MW. Industry executives say Blackstone is positioning India as a core market within its global digital infrastructure strategy.
India has become one of the fastest-growing data center markets globally, driven by rising cloud adoption, expanding AI workloads, data localization requirements, and increased digital consumption. Chennai, in particular, has attracted strong interest from global operators due to its proximity to submarine cable landing stations, improving grid infrastructure, and state-level policy support for data center investments.
While Blackstone has not disclosed a construction timeline, industry sources said development is expected to proceed in phases, aligned with customer demand and power availability. Once completed, the Chennai campus is expected to rank among the largest hyperscale data center developments in southern India.
The investment underscores growing institutional confidence in India’s digital infrastructure sector, as global investors increasingly allocate capital to large, long-duration assets supporting cloud and AI ecosystems.
