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PDG MU1 campus

Navi Mumbai, Maharashtra, India · Mumbai metro market · location approximate to district level

PDG MU1 campus is a data center project in Navi Mumbai, India, operated by Princeton Digital Group. It is operational and expanding. It is planned for 150 MW of IT load. The operator reports 48 MW running.

Latest change on record: moved to expanding on 10 April 2026. Record last checked against its sources on 22 October 2026.

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Stage
Expanding
Planned IT load
150 MW
Running now
48 MW
Operators rarely publish this
Operator
Princeton Digital Group
Colocation
AI workloads
Likely
Evidence grade
Verified
Will it get built?Built7 of 7 gates passed
✓ Land secured✓ Power arranged✓ Approvals granted✓ Money committed✓ Tenant or own use✓ Builder appointed✓ Construction started

This project is built or running, so every gate counts as passed.

Build odds is ArusGrid's reading of the public record, not a forecast, a rating or advice. It counts the gates this project has passed in public sources. Private progress does not show, a passed gate can be undone, and projects that pass every gate still stop. The method has not yet been tested against outcomes. How it works.

How India approves, powers and taxes data centers is on Data center rules in India.

Where it sits

Mumbai metro holds 32 active projects with 2,694 MW of planned IT load between them, and PDG MU1 campus ranks 6th by planned capacity. Of those, 4 are operational, 5 are operational and expanding, 11 are under construction, 6 are at the land and permitting stage and 6 are announced only. Published colocation vacancy in Mumbai metro was 6.6% as of June 2025. Vacancy excludes hyperscaler self-build.

PDG has 1 other in India tracked by ArusGrid, including PDG MU2. It sits on the PDG MU1 Airoli campus. Named funding comes from Warburg Pincus, Ontario Teachers' Pension Plan, Mubadala and Stonepeak on the equity side. No user of the capacity is on the public record as of 2026-10-01, after a check of operator, landlord, contractor, regulator and lender documents. Most colocation leases are confidential, so this says nothing about occupancy.

The build is phased. Buildings 1 and 2 at 48 MW is operational with a 2025 target; Expansion phase 1 (to five buildings) at 100 MW is under construction. The dated record runs from operational on 31 December 2022 to operational and expanding on 10 April 2026. Power comes from Tata Power Renewable Energy through a renewable power purchase agreement. Cooling uses hybrid air and liquid cooling.

The US export control position for advanced AI chips in India, as of 27 September 2026, is recorded as “No US destination-based licence requirement as enforced”. ArusGrid holds 10 public sources for this project, the latest dated 20 May 2026, and last checked the record on 22 October 2026.

How well evidenced is it

Running capacity. The site is operational or expanding. The rules are fixed and published on the Methodology page.

Named funderYes
Disclosed clientNo
Committed or approved capitalNo
Dated, sized phaseYes
Three or more sourcesYes
Dated source in the last 24 monthsYes

AI workloads

StatusLikely

Campus above 100MW with a 2026 expansion phase; PDG markets AI-ready capacity.

Access to AI chips

GradeNo US licence required

This country carries no US destination-based licence requirement for advanced AI chips as the rules are enforced today. Access is a commercial matter between the project and its vendors. Criteria are published on the Methodology page.

US licence required for this destination as enforcedNo
A party headquartered in China or Macau on the projectNo
Country-level export frameworkNo
A party named in a government authorisationNo
US approved operator or confirmed client on the projectNo
Named chip-vendor partnershipNo

No US destination-based licence requirement as enforced · No US destination-based licence requirement as enforced (2026-09-27) source

Phases

Buildings 1 and 2 · Operational48 MW, target 2025
Expansion phase 1 (to five buildings) · Under construction100 MW

Stage history

2022-12-31Operational · datacenterdynamics.com
2026-04-10Expanding · datacenterdynamics.com

Who is behind it

OperatorPrinceton Digital Group · Colocation
Funder, EquityWarburg Pincus
Funder, EquityOntario Teachers' Pension Plan
Funder, EquityMubadala
Funder, EquityStonepeak

Who uses the compute

Checked on 2026-10-01. No user of this capacity is on the public record. ArusGrid read the operator's releases, the landlord's and contractors' exchange filings, regulator and lender documents and interconnection records. Most colocation leases are confidential, so this says nothing about occupancy.

Money at this site

ArusGrid estimate, building costabout US$847m to US$1.3bn

No figure has been announced. This range is 150 MW of planned IT load times a published benchmark of US$6.64 per watt for Mumbai, plus or minus 15 percent, with 10 percent more at the top for liquid cooling because the project is AI-positioned. It covers the building and its mechanical and electrical plant. It excludes land, grid works, servers and fees.

Benchmark: Turner & Townsend Data Centre Construction Cost Index 2025, as reported by Data Storage Asia. An estimate is never added to any total on the site.

Colocation price per kW of IT load per month

Observed, grade AINR 6,536

CRISIL's forward figure for stabilised annual revenue net of pass-through costs (Rs 400 crore from September 2025) over contracted MW (51 of 52.4), both stated in one rationale dated March 2025, 17-year hyperscale contract Electricity excluded. As of 2025-03. CRISIL Ratings, 2025-03-28

A rating agency's forward figure, dated before the period it describes, so it is a contracted rate and not a passing rent. It was used to check the India yield on cost and is excluded from calibration for that reason.

Project team
Design and build contractorMindspace Business Park REIT (via Gigaplex Estate Pvt Ltd) · Sep 2024 Reported source ↗
Develop three additional built-to-suit data centre buildings (~1 million sq ft) for PDG on 15 acres at Mindspace Airoli West, taking MU1 campus to 150 MW
Land
LandlordMindspace Business Parks REIT · 15 acres · Sep 2024 Reported source ↗
Mindspace REIT to develop three built-to-suit data centres (~1m sq ft) for PDG on 15 acres, part of a 50-acre campus; terms not shared in this source. The Realty Today (2025-05-08) reports leases of 20 and 40 years with a 15-year lock-in and total rent of Rs 10.42 crore a month across about 1m sq ft.
Power supply
Renewable power dealTata Power Renewable Energy · Jun 2023 Confirmed source ↗
25-year renewable supply for the 48MW MU1 campus
Renewable power dealTata Power Renewable Energy Ltd · Jun 2023 Confirmed source ↗
25 year renewable power consumption agreement from a captive solar plant in Nanded district, Maharashtra, co-invested by PDG and Tata Power Renewables, aimed at up to 50 percent renewable power for MU1. · MW of the solar plant not stated. DCD on 2025-02-14 says MU1 sits next to the Kalwa substation.
Grid supplyGigaplex Estate Pvt Ltd (deemed distribution licensee for the Airoli Knowledge Park IT/ITES SEZ) · Dec 2016 Inferred by ArusGrid source ↗
MERC says Gigaplex Estate is the developer of the notified SEZ at Plot No. IT-5, Airoli Knowledge Park, and a deemed distribution licensee that supplies electricity to consumers in that area. The licence area was revised from 11.74 ha to 12.91 ha. · Applies to the whole campus.
Why we think so. MU1 sits at Plot No. IT-5, Airoli Knowledge Park (TIA-942 registry and MPCB consent agenda). MERC names Gigaplex as the distribution licensee for the SEZ at the same plot. No source names Gigaplex as MU1's supplier directly.
Water and cooling
CoolingHybrid air and liquid cooling Reported source ↗
MU1 offers hybrid cooling capabilities designed for AI workloads.

Sources checked 2026-10-22

  1. PDG breaks ground on latest Mumbai data center (DCD, 2026-04-10)
  2. PDG launches DC2 at 150MW campus in Mumbai, India (DCD, 2025-02-14)
  3. Princeton Digital Group signs 25 year renewable energy agreement with Tata Power Renewable Energy Limited for its 48MW Mumbai Data Center (Princeton Digital Group, 2023-06-07)
  4. Princeton Digital Group to develop data center campus at Mindspace park (DatacenterDynamics, 2024-09-26)
  5. Princeton Digital Group unveils major India expansion taking total capacity to 230MW in Mumbai and Chennai (IREI, 2024-09-23)
  6. PDG secures ~US$ 160 million Green Loan for Mumbai DC campus (W.Media, 2025-07-31)
  7. Princeton Digital Group unveils major India expansion taking total capacity to 230 MW in Mumbai and Chennai (CXO Digital Pulse, 2024-09-19)
  8. Public Notice (ADVT No. 10/2016-17) (Maharashtra Electricity Regulatory Commission, 2016-12-19)
  9. Agenda Index of 13th CAC Meeting of 2025-26 (Booklet No 13) (Maharashtra Pollution Control Board, 2026-05-20)
  10. Princeton Digital Group (India) Management Private Limited, MU1 DC1, Building no 10 (Telecommunications Industry Association (TIA-942 registry))

More in Mumbai metro

Planned MW is IT load, the power available to servers, unless marked otherwise. Running capacity is rarely published, so a missing figure means undisclosed. Definitions, sourcing standards and evidence rules are on the Methodology page. Data is CC BY-NC 4.0. Corrections go to corrections@arusgrid.com. Dataset updated 2026-10-18.