Data centre acquires 2 Chandivali plots for ₹475 crore

The firm acquired a 2.04-acre plot from Prasoon Spaces for ₹294 crore and a 1.75-acre plot from Chawla Brothers for ₹181 crore

Mumbai: Lumina Cloudinfra, a data centre company in Navi Mumbai, recently purchased two land parcels in Chandivali for a total of ₹475 crore, with per square foot costing approximately ₹11.64 lakh.

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According to transaction documents sourced via real estate analytics firm CRE Matrix, the firm acquired a 2.04-acre plot from Prasoon Spaces for ₹294 crore and a 1.75-acre plot from Chawla Brothers for ₹181 crore. Together, the sites measure 4,080 sq ft. Excluding stamp duty and registration fees, the deal values the land at ₹11,64,216 lakh per square foot. Both transactions were registered on September 19, with ₹28.5 crore paid in stamp duty.

Lumina Cloudinfra is backed by U.S.-based alternative investment major Blackstone, which announced its investment in the firm in 2023. Blackstone plans to establish data centres across five Indian cities, targeting a total capacity of 600 megawatts by 2030.