Amazon Data Services and L&T sign lease for land parcel in Mumbai
Amazon Data Services India has signed a lease agreement with Larsen & Toubro (L&T) for a land parcel spread over 4 acres in Mumbai’s Powai suburb. The land is leased for a long-term lease of nearly 18 years.
The subsidiary of Amazon is planning to develop a data center on this land parcel for which it will be paying rent of over Rs 562 crore over the total lease tenure excluding the rent escalation.
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