+
Brookfield buys 30 acre land parcel from K Raheja Corp in Mumbai
Real Estate

Brookfield buys 30 acre land parcel from K Raheja Corp in Mumbai

Brookfield Infrastructure, Brookfield Asset Management's infrastructure company, has made an agreement with K Raheja Corp to acquire a nearly 30 acre land parcel for around Rs 550 crore in Navi Mumbai's Airoli locality.

Brookfield Infrastructure has planned to develop, own and operate an institutional data centre on the land parcel mentioned.

This land parcel was bought by K Raheja Corp for around Rs 200 crore in Navi Mumbai from the US-based speciality chemicals company Cabot Corporation in December 2015.

NYSE-listed Digital Realty and Brookfield Infrastructure entered into a 50:50 alliance last month to jointly invest over $2 billion to develop, own and operate institutional data centres across India. The joint venture will be functional under the brand name BAM Digital Realty.

It could not be determined if the Brookfield-Digital Realty joint venture will develop the data centre on this land parcel or it will be developed by Brookfield independently and put under this alliance's portfolio later.

The joint venture is going to expand the portfolio of Brookfield Infrastructure's global data infrastructure, including $23 billion assets across data transmission, distribution, and storage. Additionally, it includes 139,000 operational telecom wireless towers portfolio in India, which it aims to expand to 175,000 over the near term.

Brookfield has experience of more than a decade investing in India, with assets of around $20 billion under management, including renewable power, infrastructure, private equity and real estate.

India's data centres are emerging as the most appealing growth opportunity for leading developers and global institutional investors. With several new markets created simultaneously, investments are flowing into the data centre markets along with the quick development of campus sizes found in the most established global cities.

An overall investment of $13.5 billion was planned and committed for data centres development in the country so far, and the data from Cushman & Wakefield showed that the contribution of global firms out of this is over 70%.

Image Source


Also read: Abbott leases luxury apartment for Rs 10 lakh per month in BKC

Also read: Promoters of JB Chemicals buy luxury property in Mumbai at Rs 138 cr

Brookfield Infrastructure, Brookfield Asset Management's infrastructure company, has made an agreement with K Raheja Corp to acquire a nearly 30 acre land parcel for around Rs 550 crore in Navi Mumbai's Airoli locality. Brookfield Infrastructure has planned to develop, own and operate an institutional data centre on the land parcel mentioned. This land parcel was bought by K Raheja Corp for around Rs 200 crore in Navi Mumbai from the US-based speciality chemicals company Cabot Corporation in December 2015. NYSE-listed Digital Realty and Brookfield Infrastructure entered into a 50:50 alliance last month to jointly invest over $2 billion to develop, own and operate institutional data centres across India. The joint venture will be functional under the brand name BAM Digital Realty. It could not be determined if the Brookfield-Digital Realty joint venture will develop the data centre on this land parcel or it will be developed by Brookfield independently and put under this alliance's portfolio later. The joint venture is going to expand the portfolio of Brookfield Infrastructure's global data infrastructure, including $23 billion assets across data transmission, distribution, and storage. Additionally, it includes 139,000 operational telecom wireless towers portfolio in India, which it aims to expand to 175,000 over the near term. Brookfield has experience of more than a decade investing in India, with assets of around $20 billion under management, including renewable power, infrastructure, private equity and real estate. India's data centres are emerging as the most appealing growth opportunity for leading developers and global institutional investors. With several new markets created simultaneously, investments are flowing into the data centre markets along with the quick development of campus sizes found in the most established global cities. An overall investment of $13.5 billion was planned and committed for data centres development in the country so far, and the data from Cushman & Wakefield showed that the contribution of global firms out of this is over 70%. Image Source Also read: Abbott leases luxury apartment for Rs 10 lakh per month in BKC Also read: Promoters of JB Chemicals buy luxury property in Mumbai at Rs 138 cr

Next Story
Real Estate

Heena Lalwani Buys Rs 1.13 Billion Juhu Apartment

Heena Lalwani, promoter of Aatman Innovations Private Limited, has purchased a luxury apartment worth Rs 1.13 billion in Mumbai’s upscale Juhu locality, according to property registration documents accessed by Zapkey.com.The 9,862 sq ft apartment, located on the 10th floor of Lodha Developers’ Avalon Tower, was acquired at Rs 115,000 per sq ft and comes with five car parking spaces. The deal, registered on 18 August 2025, also included the payment of Rs 68 million in stamp duty and a Rs 30,000 registration fee.Lodha Developers did not respond to queries regarding the transaction, while the..

Next Story
Real Estate

Godrej Buys KPHB Land for Rs 7 Billion in E-Auction

An acre of prime land in Kukatpally Housing Board (KPHB), Hyderabad, was auctioned for Rs 7 billion, with the Telangana Housing Board generating Rs 5.47 billion from the sale of 7.8 acres through e-auction on 20 August 2025.The auction notification was issued last month, attracting bids from Godrej Properties, Aurobindo Realty, Prestige Estates, and Ashoka Builders, according to Board vice-chairman V.P. Gautham. With an offset price of Rs 4 billion per acre, the three-hour auction saw 46 bid increases, before Godrej Properties acquired the land.Revenue generated from the auction will be utilis..

Next Story
Real Estate

HMDA to Auction 93 Prime Plots in September

The Hyderabad Metropolitan Development Authority (HMDA) is preparing to conduct a three-day auction of prime open plots across Hyderabad, Rangareddy, and Medchal-Malkajgiri districts this September.According to official reports, the e-auction will take place on 17, 18, and 19 September, offering 93 plots. Of these, 70 are located in the Bachupally HMDA layout, with the remainder spread across Turkayamjal, Kokapet, Poppalguda, Chandanagar, Bairagiguda, Gandi Maisamma, Suraram, Medipally, and Bachupally village.The highest upset price has been fixed at Rs 175,000 per square yard for a land parce..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?