Amazon Data Services India Pvt Ltd leases 4 acres of land in Mumbai's Powai from L&T for over rRs.r650 crore
India, July 3 -- Amazon Data Services India Private Limited has pre-leased around four acres of land in Mumbai's Powai from Larsen and Toubro (L&T) Limited for a period of over 17 years, with the total rental outgo estimated at more than Rs.650 crore over the lease tenure, according to property documents accessed by Propstack.
The latest transaction is part of Amazon's continued expansion of its data centre footprint in Mumbai and follows two earlier land leases in the same location, taking its total leased land in Powai to approximately 13.5 acres, Propstack said.
According to the lease documents, Amazon Data Services has pre-leased approximately 16,187.40 sq m equivalent to around 4 acres of land for the development of a data centre f...
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