+
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

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code