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

Published on: Sep 24, 2025, 06:22:07 IST

By Ateeq Shaikh

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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.

ABOUT THE AUTHOR
Ateeq Shaikh
Ateeq Shaikh is a Senior Assistant Editor tracking real estate and infrastructure. With over two decades in journalism, he has reported extensively on topics such as metro rail, infrastructure projects, redevelopment in Mumbai, affordable housing, real estate, environmental issues and public transportation. His data driven stories explain the impact of public policy and large scale infrastructure projects on citizens' lives. His recent detailed report on the government's fireside sale of several real estate parcels in Mumbai or nearly one-fifth of habitable Mumbai triggered a signature campaign by activists and the civil society. This plan also faced pushback from people impacted by the government's decision, which he also reported on. Ateeq was instrumental in getting Mumbai Metro One Private Limited, a Public - Partnership (PPP) project, recognised under the Right to Information Act, the first PPP in India under the transparency law. His consistent campaign on technical issues plaguing the Mumbai Monorail, India's only such transportation system, forced authorities to publicly acknowledge the problems and work towards a permanent fix. Despite multiple attempts by the authorities, the system continues to be a white elephant in Mumbai.Read More

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