Equinix India, a leading data center company, has made a significant move by acquiring land in Mumbai's Chandivali for Rs 1.5 billion. This strategic land purchase is expected to bolster their data center infrastructure in one of India's most prominent ci
Equinix IndiaData CenterMumbaiChandivaliReal EstateReal Estate MumbaiDec 02, 2024
Equinix India chose to buy land in Chandivali due to its central location, robust infrastructure, proximity to key business hubs, and a skilled workforce. These factors make it an ideal location for expanding their data center capabilities.
The acquisition is expected to have a significant impact by demonstrating the growing importance of data centers in supporting the digital economy and increasing demand for high-quality, secure, and scalable infrastructure.
Equinix India plans to build a state-of-the-art data center on the newly acquired land that will meet the highest standards of security, efficiency, and sustainability. The new facility will provide advanced interconnection services.
The key advantages of the location in Chandivali include proximity to major business hubs, robust infrastructure, a skilled workforce, and a supportive regulatory environment.
This acquisition aligns with Equinix India's long-term growth plans by providing a strategic location for expanding their data center infrastructure, enhancing their service offerings, and supporting the digital transformation of businesses in India.
The West Bengal government has withdrawn temporary relief measures for the real estate sector, including a 2% stamp duty reduction and 10% circle rate cut, effective July 1, 2023.
The government has clarified that it will not review the new capital gains tax regime for sale of property, which has sparked concerns about its impact on the real estate sector.
China's top cities to ease restrictions on home buying to attract buyers and boost flagging real estate markets.
The Bangalore Development Authority (BDA) has announced the launch of 50,000 residential sites along the Peripheral Road Ring-2 (PRR-2) under a Public-Private Partnership (PPP) model. This initiative aims to address the growing housing demand and promote
Promoters of Metro Brand Ltd. have recently secured five luxurious apartments in the prestigious Palais Royale, Lower Parel, for a total value of Rs 405 crore. Each property comes with five car parkings and a per square foot (PSF) rate ranging from Rs 1,0
Real estate major DLF Ltd plans to invest around ₹20,000 crore over the next few years to complete the construction of its ongoing housing projects and aims to achieve a substantial surplus cash flow of ₹43,000 crore.