Amazon Acquires Rs 4.5 Billion Land for Mumbai Data Centre
ECONOMY & POLICY

Amazon Acquires Rs 4.5 Billion Land for Mumbai Data Centre

Amazon Data Services India, a subsidiary of Amazon India, has acquired 38.18 acres of land from Macrotech Developers, also known as Lodha Group, for over Rs 4.5 billion. The land, located in Palava near Mumbai, will be used to establish a hyperscale data centre.

Key highlights:

  • Payment details: Amazon has paid Rs 3.96 billion upfront, with the remaining Rs 540 million to be paid after meeting certain conditions. The company also paid a Rs 270 million stamp duty for the registration, which was completed on November 12, 2024.
  • Development scope: The land comes with a sanctioned floor space index allowing a development potential of approximately 4.16 million sq ft.
  • Impact on Macrotech developers:
    Shares of Macrotech Developers rose by 0.56% following the announcement, closing at Rs 1,296.80 on December 3.

    Previous acquisitions:

  • In 2023, Amazon leased a 4-acre parcel in Powai from Larsen & Toubro for 18 years, incurring rental costs of Rs 5.62 billion over the lease term.
  • It also leased an adjacent 5.5-acre parcel for Rs 9.21 billion for 21.5 years, bringing the total rent across 9.5 acres to nearly Rs 15 billion.
  • In Thane, Amazon acquired 54 acres of land for Rs 18.7 billion to develop another hyperscale data centre.
  • Amazon Web Services reaffirmed its commitment to India's digital and AI transformation, highlighting its planned $12.7 billion investment in cloud infrastructure by 2030. With India's increasing digital adoption, data centres are crucial for applications like payments, gaming, and emerging technologies such as the metaverse. Global players like Google and Microsoft are also investing in hyperscale data centres in India, underscoring the country's prominence in the data centre market.

    This acquisition reflects Amazon's strategic focus on expanding its cloud infrastructure to meet India's growing digital demands.

    (Mint)

    Amazon Data Services India, a subsidiary of Amazon India, has acquired 38.18 acres of land from Macrotech Developers, also known as Lodha Group, for over Rs 4.5 billion. The land, located in Palava near Mumbai, will be used to establish a hyperscale data centre. Key highlights: Payment details: Amazon has paid Rs 3.96 billion upfront, with the remaining Rs 540 million to be paid after meeting certain conditions. The company also paid a Rs 270 million stamp duty for the registration, which was completed on November 12, 2024. Development scope: The land comes with a sanctioned floor space index allowing a development potential of approximately 4.16 million sq ft. Impact on Macrotech developers: Shares of Macrotech Developers rose by 0.56% following the announcement, closing at Rs 1,296.80 on December 3. Previous acquisitions: In 2023, Amazon leased a 4-acre parcel in Powai from Larsen & Toubro for 18 years, incurring rental costs of Rs 5.62 billion over the lease term. It also leased an adjacent 5.5-acre parcel for Rs 9.21 billion for 21.5 years, bringing the total rent across 9.5 acres to nearly Rs 15 billion. In Thane, Amazon acquired 54 acres of land for Rs 18.7 billion to develop another hyperscale data centre. Amazon Web Services reaffirmed its commitment to India's digital and AI transformation, highlighting its planned $12.7 billion investment in cloud infrastructure by 2030. With India's increasing digital adoption, data centres are crucial for applications like payments, gaming, and emerging technologies such as the metaverse. Global players like Google and Microsoft are also investing in hyperscale data centres in India, underscoring the country's prominence in the data centre market. This acquisition reflects Amazon's strategic focus on expanding its cloud infrastructure to meet India's growing digital demands. (Mint)

    Next Story
    Real Estate

    Rethinking Slum Development

    In July 2024, the Supreme Court directed the Bombay High Court to initiate suo motu proceedings to evaluate the implementation of the Maharashtra Slum Area (Improvement, Clearance and Redevelopment) Act.During the ensuing proceedings, the Division Bench of Justices expressed concern about the plight of slum dwellers, saying, “Merely because you are a slum dweller doesn’t mean that you are left to the discretion of developers. They end up with a pittance.” The Bench also noted that the buildings allocated to slum dwellers were akin to “vertical slums”. “The buildings are congested. ..

    Next Story
    Real Estate

    Ring in the New!

    Lighting:OLED (organic light emitting diode) panels such as those by Philips are the latest option in soft lighting fixtures that can be embedded into walls, ceilings or furniture, says Nilesh Sawant, Principal Architect, Nilesh Sawant Architect. “Being thin and flexible, they lend themselves well to different applications while delivering the energy-efficiency associated with LED technology.”And Sapna Aggarwal, Founder, ANSA Architecture & Interiors, says “Embedded light-emitting diodes can create a dreamy illumination, while dimmable LEDs are useful for allowing..

    Next Story
    Infrastructure Urban

    Jhansi Library

    The Jhansi Library, commissioned by the Jhansi Development Authority (JDA) under the Jhansi Smart City initiative and built by Bootes Impex, a net-zero construction-tech company. It is the first library in Asia to achieve EDGE (Excellence in Design for Greater Efficiencies) certification from the International Finance Corporation (IFC), a member of the World Bank Group. This milestone marks the library as India’s first and only net-zero library, aligning  with India’s Net-Zero Vision 2070.Sustainable designDeepak Rai, Managing Director, Bootes Impex, explains, “The project's vision ..

    Hi There!

    "Now get regular updates from CW Magazine on WhatsApp!

    Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

    Click the link below to join"

    +91 81086 03000