Amazon India acquires Mumbai land worth ₹450 crore from Lodha Group to set up data centres. Check details

Amazon India acquired a 38.18-acre land parcel from real estate developer Lodha Group for over ₹450 crore to develop a hyper-scale data centre in Palava, near Mumbai, the Economic Times reported on Tuesday, December 3. Lodha is listed in the Indian stock market as Macrotech Developers.

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 million sq ft, as per the report.