In one of the largest recent land transactions in Mumbai’s eastern suburbs, Lumina CloudInfra Pvt Ltd, a data center platform backed by global investment giant Blackstone, has acquired two prime land parcels in Chandivali, Andheri East, for a combined ₹475 crore. The acquisition aligns with Blackstone’s strategy to expand its infrastructure-backed real estate investments in India.
According to documents accessed via CRE Matrix, Lumina CloudInfra purchased 2.04 acres from Prasoon Spaces LLP for ₹294 crore, attracting stamp duty of ₹17.64 crore, and 1.75 acres from Chawla Brothers LLP for ₹181 crore, with stamp duty of ₹10.86 crore. Both deals were registered on September 19, 2025.
The combined 3.79-acre parcel sits in Chandivali, an established residential-commercial hub strategically located near Powai, Saki Naka, and key arterial roads in Andheri East. The area has witnessed rising demand for residential townships, IT/ITES campuses, and data center developments, making it a sought-after corridor for large-scale real estate investment.
Lumina CloudInfra, owned and managed by Blackstone’s Real Estate and Tactical Opportunities funds, announced in November 2023 plans to invest over $300 million (approximately ₹2,500 crore) to develop a hyperscale data center campus in Navi Mumbai’s Airoli locality. The Chandivali acquisition complements this initiative, providing additional strategic land to support India’s growing demand for digital infrastructure.
Industry experts note that Chandivali’s connectivity, proximity to commercial hubs, and availability of sizable parcels make it an attractive location for both commercial and tech infrastructure projects. Last month, Bollywood actor Hrithik Roshan and his father Rakesh Roshan, through HRX Digitech LLP, acquired three commercial office spaces in the same locality for ₹31 crore, highlighting ongoing investor confidence in the area.
Data centers have become a critical element in India’s urban infrastructure, fueled by rapid digital adoption and the country’s expanding IT/ITES ecosystem. Blackstone’s acquisition reflects a broader trend of institutional investors seeking strategic land parcels to build technology-enabled assets capable of generating long-term returns.
Lumina CloudInfra’s investment approach emphasizes scale, efficiency, and sustainability. By acquiring prime locations like Chandivali, the platform ensures operational advantages for its data center facilities while contributing to the overall development of Mumbai’s eastern suburbs.
Analysts indicate that such acquisitions not only enhance the availability of high-quality infrastructure but also have the potential to increase land values and attract ancillary developments, including commercial offices, residential units, and mixed-use projects.
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