en.Wedoany.com Reported - Amazon Data Services India Private Limited has pre-leased approximately 4 acres of land in Mumbai's Powai area from L&T (Larsen and Toubro Limited) for a period exceeding 17 years, with total rental expenditure estimated at over INR 6.5 billion during the lease term. This transaction is part of Amazon's ongoing expansion of its data center footprint in Mumbai, following two previous land leases at the same location, bringing its total leased land area in Powai to approximately 13.5 acres.
According to the lease documents, Amazon Data Services has pre-leased approximately 16,187.40 square meters (about 4 acres) of land for the development of a data center facility in Powai, Mumbai. The lease agreement is signed with L&T Limited and is set to expire on February 12, 2044. Although the pre-lease start date has not yet been determined, the total lease term is approximately 17 years and 7 months, or 211 months.
As part of the transaction, Amazon Data Services will pay a monthly rent of approximately INR 27.6 million, equivalent to a lease rent of INR 6.896 million per acre per month. The agreement also stipulates an annual rent escalation of 3%. Title documents show that the tenant has paid a premium of INR 720 million to the landlord. According to the lease terms, including a 24-month rent-free period amortized over the lease term, the documents indicate that the total rental commitment is estimated to exceed INR 6.5 billion.
The latest transaction is part of Amazon's phased expansion in Powai. According to Propstack, the company leased 5.5 acres of land from L&T in 2022 as the first phase of its proposed data center campus. This was followed by an additional lease of 4 acres of adjacent land on the same plot in 2023. Documents show that under the current agreement, Amazon's total leased land area at the site has increased to approximately 13.5 acres.
According to real estate consultants, Mumbai remains the largest data center market in India, driven by its robust fiber connectivity, multiple submarine cable landing stations, reliable power infrastructure, and a concentrated base of enterprise customers. As demand for cloud computing, artificial intelligence workloads, and digital services continues to grow, the city has attracted large-scale investments from hyperscalers, cloud service providers, and global technology companies.
Real estate consultants note that Powai has emerged as a significant commercial and technology hub due to its location between Mumbai's eastern and western suburbs and its proximity to major business districts. The area already hosts numerous technology companies, corporate offices, and research institutions, making it a popular destination for digital infrastructure investments.
