Schedule a Call Back
Amazon Data Services buys Kalpataru's 54-acre plot for Rs 18.7 billion
Amazon Data Services India has purchased a 54-acre parcel in Thane, near Mumbai, from real estate developer Kalpataru Group for more than Rs 18.7 billion.Amazon paid a record stamp duty of Rs 1.3 billion—the most ever paid for a single transaction.
Kalpataru purchased nearly 70 acre in Thane's Balkum neighbourhood from Clariant Chemicals and its subsidiary Color Chem in two separate transactions in 2004 and 2010 for a total of around Rs 3 billion.
On a portion of the remaining land, Kalpataru is developing the premium residential project, Paramount. Amazon Data Services India intends to build a hyperscale data centre on the property.
Also read:
Puravankara plans to develop 15 mn sq ft this year
Housing sales expected to exceed 3.6 lakh units in 2022 in seven cities

Subscribe Now
Subscribe to our Newsletter & Stay updated
RECENT POSTS
Popular Tags
Folliow us
Related Stories
Adani commissions 1,000 MW HVDC link for Mumbai
Adani Energy Solutions has commissioned a 1,000 MW high-voltage direct current (HVDC) transmission link between Kudus and Aarey, strengthening po...
Dalmia Bharat recognised for CSR excellence
Dalmia Bharat Limited was recently recognised for ‘Significant Achievement’ in the Manufacturing sector under Excellence for Corporate Social...
West Avenue Realty raises Rs 500 million via NCDs
West Avenue Realty has raised Rs 500 million through non-convertible debentures (NCDs) within three years of operations, signalling strong investor...
