Equinix India buys land in Mumbai's Chandivali for Rs 1.5 Bn

02 Dec 2024 CW Team

Equinix India Pvt Ltd, a subsidiary of the US-headquartered data centre company Equinix, has acquired 5,597 sq m (1.38 acres) of land in Mumbai’s Chandivali area for Rs 1.55 billion. The transaction includes a building with a built-up area of 5,386 sq m, as per property registration documents accessed by CRE Matrix.

The sellers of the property are Overseas Packing Industries Pvt Ltd and Warden Hyforce Pvt Ltd, with the transaction registered on November 21, 2024. The deal incurred a stamp duty of Rs 105.6 million, according to the registration details.

Equinix India had previously announced an initial investment of $86 million in June 2022 to develop a new data centre in Mumbai, acquiring a four-acre land parcel in the same Chandivali area. The new facility, named MB3, will be the company’s third data centre in the city.

The MB3 IBX (International Business Exchange) will be strategically located next to the existing MB2 IBX and just 1.5 km from the MB1 IBX data centre, enhancing the company’s presence and operational capacity in Mumbai.

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