Amazon Acquires 38-Acre Land from Lodha Group in Ambernath for ₹450 Crore

Amazon Data Services Pvt Ltd has acquired a 38-acre land parcel in Ambernath near Mumbai from Macrotech Developers, also known as Lodha Group, for ₹450 crore. The transaction was registered on November 12, 2024.

Amazon Data ServicesLodha GroupMumbai Real EstateData CentersLand AcquisitionReal Estate MumbaiDec 03, 2024

Amazon Acquires 38-Acre Land from Lodha Group in Ambernath for ₹450 Crore

Real Estate Mumbai:Amazon Data Services Pvt Ltd has made a significant move in the Mumbai real estate market by acquiring a 38-acre land parcel in Ambernath from Macrotech Developers, also known as the Lodha Group, for ₹450 crore. The transaction, registered on November 12, 2024, includes a stamp duty of ₹27 crore, according to the property registration documents accessed by Propstack.The land parcel is located in Asode and Burdul villages in Ambernath, close to where the Lodha Group is developing Palava City, a massive project spread over 4,500 acres. Palava City is expected to generate annual revenues of over ₹8,000 crore in the next couple of years, driven by the development of residential, commercial, warehousing, industrial spaces, and a life sciences hub. Information on Amazon and Lodha Group Amazon Data Services Pvt Ltd A subsidiary of Amazon Web Services, the company is committed to India’s digital and AI transformation, with plans to invest $12.7 billion in cloud infrastructure by 2030. This acquisition is part of Amazon's strategic move to strengthen its presence in the region. Macrotech Developers (Lodha Group) One of India's leading real estate developers, the Lodha Group is known for its large-scale projects, including the ambitious Palava City. Despite not responding to the recent acquisition query, the group's CEO, Abhishek Lodha, has previously highlighted the significant potential of Palava City. Related Transactions1. August 2023 Amazon Data Services leased 1.74 lakh sq ft of freehold industrial land from L&T in Powai, Mumbai, with a monthly rent of ₹2.59 crore.2. June 2022 In a similar deal, Amazon Data Services leased a 5.5-acre land parcel from L&T in Powai, adjacent to the plot leased in August 2023.3. July 2023 An arm of Intel India leased 11,536 sq ft of area in a data center building in Bengaluru for three years from CtrlS Data Centers Ltd, at a starting monthly rent of ₹47.39 lakh.4. November 2024 US-based data center firm Equinix India Pvt Ltd purchased 5,597 sq m (1.38 acres) of land in Mumbai's Chandivali area for ₹155 crore, including a building with a built-up area of 5,386 sq m. Is Mumbai Emerging as a Data Center Hub?According to a report by Savills India, the total data center stock across the country grew by 21% in the first half of 2024. Mumbai leads with a substantial 54.9% share of the total capacity, followed by Chennai (12.3%), Bengaluru (8.2%), and Pune (7.2%).JLL projects that the data center industry in India will add 791 MW capacity by 2026, driving demand for 10 million sq. ft. of real estate space and attracting investments worth $5.7 billion. Mumbai is expected to account for 4.41 million sq ft of data center space, followed by Chennai at 2.89 million sq ft and NCR at 0.66 million sq ft. Strategic Partnerships and Land DealsIn September 2024, Mindspace Business Parks REIT announced a strategic partnership with Princeton Digital Group to develop PDG’s flagship and largest data center campus in India at Mindspace Airoli West in Navi Mumbai.CBRE's report for January-September 2024 noted over 100 land deals spanning approximately 1,700 acres across six major cities in India. Data centers emerged as a significant asset class, accounting for a 6% share in overall deal volume spread over more than 140 acres. ConclusionThe acquisition by Amazon Data Services Pvt Ltd underscores the growing importance of Mumbai in the data center and real estate sectors. With significant investments and strategic partnerships, the region is poised to become a major hub for cloud infrastructure and data center development.

Frequently Asked Questions

What is the size and value of the land parcel acquired by Amazon Data Services Pvt Ltd in Ambernath?

Amazon Data Services Pvt Ltd acquired a 38-acre land parcel in Ambernath near Mumbai for ₹450 crore.

Who is Macrotech Developers and what is their major project in the region?

Macrotech Developers, also known as the Lodha Group, is one of India's leading real estate developers. Their major project in the region is Palava City, a 4,500-acre development.

What is Amazon's commitment to India’s digital and AI transformation?

Amazon is committed to India’s digital and AI transformation, with plans to invest $12.7 billion in cloud infrastructure by 2030.

What is the projected growth of the data center industry in India by 2026?

The data center industry in India is projected to add 791 MW capacity by 2026, driving demand for 10 million sq. ft. of real estate space and attracting investments worth $5.7 billion.

What is the strategic partnership announced by Mindspace Business Parks REIT in September 2024?

In September 2024, Mindspace Business Parks REIT announced a strategic partnership with Princeton Digital Group to develop PDG’s flagship and largest data center campus in India at Mindspace Airoli West in Navi Mumbai.

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