Amazon India has purchased a 38.18-acre land parcel in Palava near Mumbai from Lodha Group, listed as Macrotech Developers, for over INR 450 crore. The land will be used to build a hyperscale data centre.
Amazon data services to have access
Amazon Data Services India, a subsidiary of Amazon India, will have access to the already-sanctioned floor space index, which has a permissible development potential of nearly 4.16 million square feet.
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According to ET, Amazon Data Services India paid over INR 396 crore 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 crore will be paid within a time frame on completion of a few conditions. The company also paid a stamp duty of INR 27 crore for the registration of the deal.
Amazon Web Services to spend $12.7 bn
This development comes at a time when Amazon is looking to expand its data centres across the globe. Amazon’s cloud unit Amazon Web Services (AWS) had disclosed its plans to invest $12.7 billion into data centre infrastructure in India by 2030. The investment aims to upgrade and scale up cloud infrastructure in the country to meet the growing demand.
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AWS has already opened two data centre infrastructures in India, one in the Mumbai region and the other in the Hyderabad region. The company has also invested large sums to expand its data centres in countries such as Italy, the UK, Saudi Arabia, and more. The increasing interest in data centres is driven by the fast expansion of India’s digital economy, which is boosting the demand for reliable data storage and processing capabilities.
