Amazon India Acquires INR 450 Cr Land from Lodha Group to Develop Data Centre
Amazon India has reportedly acquired a 38.18-acre land parcel in Palava, near Mumbai, from the Lodha Group (now known as Macrotech Developers) for over INR 450 crore to develop a hyperscale data center.
As per ET, Amazon Data Services India, a subsidiary of Amazon India, will get access to the already-sanctioned floor space index, which has a permissible development potential of nearly 4.16 Mn sq ft.
Inc42 has reached out to Amazon India for comments on the development. The story will be updated based on the response.
The report further said that Amazon Data Services India paid more than INR 396 Cr out of the total agreed amount to Macrotech Developers at the time of the execution and registration of the sale agreement. The balance of over INR 54 Cr will be paid within a time frame on completion of a few conditions.
The company has also paid a stamp duty of INR 27 Cr for the registration of the deal, which took place on November 12, according to a report.
This development coincides with Amazon’s efforts to expand its data centers worldwide. Over a year ago, Amazon's cloud division, Amazon Web Services (AWS), revealed plans to invest $12.7 billion in data center infrastructure in India by 2030, aiming to upgrade and scale its cloud infrastructure to meet the country’s increasing demand.
AWS was in discussions to infuse $2 Bn into Telangana to expand its data centre capabilities in the state, in September.
So far, AWS has opened two data centre infrastructures, with one in Mumbai region and the other in Hyderabad region.
Meanwhile, reports revealed that the company has invested large sums to expand its data centres in countries such as Italy, the UK, Saudi Arabia, and more.
To understand, the increasing interest in data centres is the fast expansion of India’s digital economy, where a majority population possessing access to digital learning platforms, social media, e-commerce, digital transactions, online gaming, and streaming services, is boosting the demand for reliable data storage and processing capabilities.
Data centers have become a key area of investment for global tech companies, with both Google and Microsoft showing strong interest in acquiring land in India. Additionally, India’s data center industry is expected to experience steady growth, with a projected compound annual growth rate (CAGR) of 5.84%, aiming for a market size of approximately $9.27 billion by 2027.
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