Amazon India Acquires land In Lodha Palava for another Data Centre in MMR Region

Amazon India Acquires 38.18 Acres in Palava for Hyperscale Data Centre, Highlighting Growing Demand for Data Centres Among Global Tech Giants

Amazon India has made a significant move in India's digital infrastructure space by acquiring a 38.18-acre land parcel in Palava near Mumbai from Lodha Group (Macrotech Developers) for over 450 crore. This transaction underscores Amazon’s commitment to catering to the country’s burgeoning demand for cloud services and data storage, while also shedding light on how global tech companies are increasingly eyeing India for data centre development.

Amazon’s Strategic Investment in Palava

The acquisition includes a sanctioned floor space index (FSI) of around 4.16 million sq ft, enabling Amazon to develop a cutting-edge hyperscale data centre. With 396 crore already paid, and 54 crore pending completion of specific conditions, Amazon's investment reinforces Palava's position as a preferred hub for large-scale developments.

This acquisition is part of Amazon's broader strategy to expand its data infrastructure in India, adding to its projects in Powai, Thane, and other key regions.

Data Centres and India’s Growing Appeal

India is becoming a focal point for global tech companies investing in data centres, driven by rapid digitisation, increasing cloud adoption, and demand for technologies like AI, IoT, and the metaverse. The country’s data centre market, valued at $4.9 billion in 2023, is projected to reach $10.2 billion by 2028 at a CAGR of 15%.

Amazon’s investment in Palava complements other large-scale moves in the region, including:

1. Google’s Expansion in Navi Mumbai: Google recently entered advanced negotiations to acquire a 22.5-acre land parcel in Juinagar, Navi Mumbai, for approximately 850 crore. This will be Google’s first self-built data centre in India, supplementing its leased eight-story data centre in Navi Mumbai’s MIDC ind