For Rs 450 crore, Amazon Data Services Pvt Ltd, a division of Amazon, purchased a 38-acre piece of property in Ambernath, close to Mumbai, from Macrotech Developers, better known as Lodha Group, which is led by Abhishek Lodha.
According to property registration records that Propstack was able to uncover, the stamp duty payment for the purchase, which was finalised on Nov. 12, 2024, is Rs 27 crore.
The property is designated for the construction of a hyperscale data centre and is located in the villages of Asode and Burdul, close to Ambernath. Media sources state that Rs 396 crore was paid at the time of execution and registration, with the remaining Rs 54 crore to be paid out when certain requirements are met.
The move is in line with Amazon’s larger pledge to support India’s AI and digital transformation. By 2030, Amazon Web Services (AWS) plans to invest $12.7 billion in cloud infrastructure in India as part of its growth. “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),” the business stated.
With 54.9% of India’s total data centre capacity, Mumbai leads the way and continues to be a hub for multinational tech behemoths like Microsoft and Google.
By 2026, the data centre industry in India is expected to grow by 791 MW, requiring 10 million square feet of real estate and drawing $5.7 billion in investments, according to industry forecasts. Amazon had previously entered the rapidly expanding data centre sector in Mumbai. Earlier in 2023, Amazon agreed to pay Rs 562 crore in rent for 18 years to lease a 4-acre plot of property in Powai from Larsen & Toubro. For 21.5 years, a 5.5-acre land next to it was leased for Rs 921 crore.
In the first half of the year, the nation’s overall data centre stock increased by 21%, according to a report by Savills India. With a commanding 54.9% of the total capacity, Mumbai was in first place, followed by Chennai (12.3%), Bengaluru (8.2%), and Pune (7.2%).
Source: Indian Startup News
