L&T and Amazon Data Services sign a 21.5-year lease for 5.5 acre

04 Aug 2022 CW Team

Amazon Data Services India has signed a 21.5-year long-term lease with engineering and construction giant Larsen & Toubro to acquire a 5.5-acre block of property in Mumbai's Powai neighbourhood.

On this piece of property, the Amazon subsidiary intends to build a data centre for which it will be required to pay rent of more than Rs 9.21 billion for the course of the lease, excluding rate increases. The contract stipulates that the lease rental will increase by 3 per cent annually.

A security deposit of Rs 990 million has already been made to Larsen & Toubro by Amazon Data Services India. According to the leasing agreement, Amazon will receive 24 months of rent-free time spaced out throughout the length of the entire contract, including the first six months from the start date. The lock-in period, which lasts 180 months or 15 years, is also included in the lease term.

For the lease agreement's registration, Amazon Data Services India has paid stamp duty in the amount of Rs 56.4 million.

Also read:
L&T projects to Edelweiss fund for Rs 7000 crore
K Raheja Corp would sell land to Adani Group for Rs 15 billion

Infrastructure Urban

10 Mar 2026

ABB to Invest Rs 6.25 Billion to Expand India Manufacturing

ABB recently announced plans to invest approximately Rs 6.25 billion ($75 million) in India during 2026 to expand its manufacturing footprint and research and development capabilities. The investment follows more than $35 million spent in 2025 and reflects the company’s continued focus on strengthening its ‘local-for-local’ strategy in the country.The investment will support ABB’s Electrification, Motion and Automation businesses and expand manufacturing capacity for infrastructure sectors such as renewable energy, metro rail, data centres and industrial applications. Approximately 300..

Six WOLFF Cranes Handle 60,000 m³ Concrete for German Hospital

Six WOLFF tower cranes are playing a key role in constructing a new hospital complex in Memmingen, Germany, supporting large-scale material handling for the project. The facility is being built on a 7.7-hectare site and will feature six floors, around 480 beds and a gross floor area exceeding 75,000 sq m.Building shell works began recently in February 2025. One WOLFF 6531.12 Cross crane supported early site preparation before being dismantled in autumn 2025, while five remaining cranes continue operations. Over an average deployment period of 16 months, the cranes are expected to move approxim..

REC Funds Rs 115.6 Million CSR Support for Bihar Eye Hospital

REC recently committed Rs 115.6 million under its Corporate Social Responsibility (CSR) programme for the procurement of clinical and non-clinical equipment at Sankara Eye Hospital in Saharsa, Bihar. The initiative aims to strengthen healthcare infrastructure and improve access to specialised eye care services in the region.A Memorandum of Agreement (MoA) was recently signed between Pradeep Fellows, Executive Director (CSR), REC Limited, and Wg Cdr V. Shankar (Retd), Trustee and Executive Director of Sankara Eye Hospital, at the REC office in the SCOPE Complex, New Delhi.The support is expecte..