Amazon Data Services buys Kalpataru's 54-acre plot for Rs 18.7 billion
Technology

Amazon Data Services buys Kalpataru's 54-acre plot for Rs 18.7 billion

Amazon Data Services India has purchased a 54-acre parcel in Thane, near Mumbai, from real estate developer Kalpataru Group for more than Rs 18.7 billion.

Amazon paid a record stamp duty of Rs 1.3 billion—the most ever paid for a single transaction.

Kalpataru purchased nearly 70 acre in Thane's Balkum neighbourhood from Clariant Chemicals and its subsidiary Color Chem in two separate transactions in 2004 and 2010 for a total of around Rs 3 billion.

On a portion of the remaining land, Kalpataru is developing the premium residential project, Paramount. Amazon Data Services India intends to build a hyperscale data centre on the property.

Also read:
Puravankara plans to develop 15 mn sq ft this year
Housing sales expected to exceed 3.6 lakh units in 2022 in seven cities


Amazon Data Services India has purchased a 54-acre parcel in Thane, near Mumbai, from real estate developer Kalpataru Group for more than Rs 18.7 billion. Amazon paid a record stamp duty of Rs 1.3 billion—the most ever paid for a single transaction. Kalpataru purchased nearly 70 acre in Thane's Balkum neighbourhood from Clariant Chemicals and its subsidiary Color Chem in two separate transactions in 2004 and 2010 for a total of around Rs 3 billion. On a portion of the remaining land, Kalpataru is developing the premium residential project, Paramount. Amazon Data Services India intends to build a hyperscale data centre on the property. Also read: Puravankara plans to develop 15 mn sq ft this yearHousing sales expected to exceed 3.6 lakh units in 2022 in seven cities

Next Story
Equipment

Handling concrete better

Efficiently handling the transportation and placement of concrete is essential to help maintain the quality of construction, meet project timelines by minimising downtimes, and reduce costs – by 5 to 15 per cent, according to Sandeep Jain, Director, Arkade Developers. CW explores what the efficient handling of concrete entails.Select wellFirst, a word on choosing the right equipment, such as a mixer with a capacity aligned to the volume required onsite, from Vaibhav Kulkarni, Concrete Expert. “An overly large mixer will increase the idle time (and cost), while one that ..

Next Story
Real Estate

Elevated floors!

Raised access flooring, also called false flooring, is a less common interiors feature than false ceilings, but it has as many uses – if not more.A raised floor is a modular panel installed above the structural floor. The space beneath the raised flooring is typically used to accommodate utilities such as electrical cables, plumbing and HVAC systems. And so, raised flooring is usually associated with buildings with heavy cabling and precise air distribution needs, such as data centres.That said, CW interacted with designers and architects and discovered that false flooring can come in handy ..

Next Story
Infrastructure Urban

The Variation Challenge

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?