Amazon Web Services signs Rs 1,800 Crore deal with property developer Kalpataru Group for over 50 acres of land in Thane: Reports

Bombay, October 28: Amazon Data Services India has reportedly acquired nearly 60 acres of land in Thane, near Mumbai. Apparently, the internet giant has struck a deal with property developer Kalpataru Group for over Rs 1,870 crore. The agreement was registered on October 21.

According to a report published in the HEY, the US online retail giant paid a record stamp duty of Rs 130 crore. According to reports, Kalpataru, in two separate transactions in 2004 and 2010, acquired around 70 acres in the locality of Thane’s Balkum for a total of around Rs 300 crore. Amazon issues ‘dog awareness’ message after US driver dies in dog attack.

According to our information, the Amazon subsidiary plans to install a high-end data center on this plot of land. While Kalpataru will develop ‘Paramount’, a chic residential project, on part of the remaining land. In June, the online retail major secured 5.5 acres in the Mumbai suburb of Powai from engineering and construction major Larsen & Toubro (L&T) via a 21-year long-term lease. and a half years where the business will pay rent of more than Rs. 921 crores over the full term of the lease, excluding rent escalation. Amazon is cutting seller fees by 50% for new vendors ahead of the holiday sale.

Apart from this, Amazon Data Services India reached an agreement with property developer K Raheja Corp’s subsidiary Newfound Properties and Leasing in June to acquire a commercial tower with a built-up area of ​​4.51 lakh sq ft through a sublease. term of more than 15 years in Thane to build its data center.

(The story above first appeared on LatestLY on October 28, 2022 at 5:38 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle , log in to our website

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