AlphabetInc.’s Google is in advanced talks to buy a 22.5-acre land parcel in Navi Mumbai’s Juinagar for building its first ever captive data centre in India. California-headquartered
Google is currently doing due diligence for the leasehold land parcel owned by the Maharashtra Industrial Development Corporation (MIDC).
Lease rights of the plot that were originally allotted to Herdillia Chemicals are currently with Pune-based Gramercy Trade Industries. The potential deal is estimated at around Rs 850 crore given current property rates in the vicinity and MIDC’s transfer charges.
The transaction is at an advanced stage and may get concluded anytime soon. The proposed captive data centre may have a capacity of a couple of hundred megawatts given the large size of the land parcel.
While Google has inked a few deals to lease space at colocation data centres in Navi Mumbai and Noida, this will be the first data centre to be developed by the company.
