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Amazon Data Services buys 38 acres of land from Lodha Group for Rs 450 crore

Manufacturing  -  Dec 05,2024  - 

Amazon Data Services Pvt Ltd has bought a 38-acre land parcel in Ambernath near Mumbai from Macrotech Developers, also known as Lodha Group, for Rs 450 crore, according to the property registration documents accessed by Propstack

The transaction was registered on November 12, 2024 for which a stamp duty of ₹27 crore was paid, according to the documents.

The land parcel is located close to where Lodha Group has a project named Palava City near Mumbai.

"We remain committed to India’s digital and AI transformation as is evident in the billions of dollars we have announced in planned investments into cloud infrastructure in India ($12.7 billion by 2030)," Amazon Web Services said in a email response to HT.com.

In August 2023, Amazon Data Services Pvt Ltd had leased 1.74 lakh sq ft of freehold industrial land from L&T in Powai in Mumbai. The rent had worked out to be ₹2.59 crore per month, lease documents accessed by CRE Matrix, a real estate consultant, showed.

In a similar deal in June 2022, Amazon Data Services had leased a 5.5-acre land parcel from L&T in Powai adjacent to the plot for which the lease was signed on August 3, according to the registered documents.

 

Company : Amazon Data Services Pvt Ltd