Amazon India acquires land in Mumbai for Rs 450 crore
E-commerce major Amazon's Indian arm Amazon India has acquired an over 38.18-acre land parcel in Palava near Mumbai from realty developer Lodha. The purchase includes around 4.16 million sq ft of floor space in a deal worth Rs 450 crore.
As per the deal, Amazon’s India subsidiary Amazon Data Services India will also get access to the already sanctioned floor space index.
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