Adani Group will invest K Raheja Corp. Rs. 1,500 crore for land
Real Estate

Adani Group will invest K Raheja Corp. Rs. 1,500 crore for land

Two property parcels totaling 92 acres that belong to real estate developer K Raheja Corp will be purchased by the Adani Group for for Rs 1,500 crore.

Both land parcels will be given to AdaniConneX, a data centre joint venture between Adani Enterprises and the US-based EdgeConneX, a provider of worldwide hyperscale data centres.

The majority of procedures and accompanying paperwork have almost all been completed, and the transactions are likely to be completed within the next several weeks.

Adani Enterprises, the parent company of the Adani Group, and EdgeConneX formed a joint venture in February 2021 to build and run data centres across India. The joint venture's main objective is to establish a nationwide network of hyperscale data centres, beginning with the Chennai, Navi Mumbai, Noida, Vizag, and Hyderabad markets.

Also read:
L&T Realty, Ascendas in talks to buy planned office assets
Mahindra Lifespaces launches biophilia-oriented housing in Pimpri


Two property parcels totaling 92 acres that belong to real estate developer K Raheja Corp will be purchased by the Adani Group for for Rs 1,500 crore. Both land parcels will be given to AdaniConneX, a data centre joint venture between Adani Enterprises and the US-based EdgeConneX, a provider of worldwide hyperscale data centres. The majority of procedures and accompanying paperwork have almost all been completed, and the transactions are likely to be completed within the next several weeks. Adani Enterprises, the parent company of the Adani Group, and EdgeConneX formed a joint venture in February 2021 to build and run data centres across India. The joint venture's main objective is to establish a nationwide network of hyperscale data centres, beginning with the Chennai, Navi Mumbai, Noida, Vizag, and Hyderabad markets.Also read: L&T Realty, Ascendas in talks to buy planned office assetsMahindra Lifespaces launches biophilia-oriented housing in Pimpri

Related Stories

Gold Stories

Hi There!

Now get regular updates from CW Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Construction News on Whatsapp! Enjoy

+91 81086 03000

Join us Telegram