Amazon Data Services, L&T ink over 17-year lease for 4-acre land in Mumbai’s Powai

Amazon Data Services India, the data centre arm of Amazon, has picked up another land parcel spread over four acres of land from Larsen & Toubro Ltd in Mumbai’s Powai for an estimated rental commitment of over Rs 650 crore over 17 years, taking its total land leased at the location to 13.5 acres across three transactions since 2022.

The latest agreement involves a monthly rent of Rs 2.76 crore, or about Rs 68.96 lakh per acre, with an upfront premium of Rs 72 crore. The lease tenure is 17 years and seven months, ending on February 12, 2044.

The agreement provides for annual rental escalations of 3%. The effective lease period is 211 months, including 24 rent-free months spread across the tenure, showed property registration documents accessed through Propstack, a realty data analytics platform.


The transaction is part of Amazon’s phased expansion of its data centre campus in Powai. The company had leased 5.5 acres from Larsen & Toubro in 2022 for the first phase of the project, followed by another four-acre parcel adjacent to the site in 2023. With the latest lease, Amazon’s total landholding under lease at the campus has increased to 13.5 acres.

The additional land is expected to support the company’s expanding data centre infrastructure as demand for cloud computing, artificial intelligence applications and enterprise data storage continues to rise.

Recently, Amazon Data Services India acquired 10.6 acres near Mumbai with development potential of more than 1.16 million sq ft for a hyperscale data centre and related infrastructure, further expanding its presence in India's largest data centre market.

This acquisition, valued at over Rs 125 crore, is adjacent to the 38.18-acre land parcel acquired by the company from Lodha Developers, in December 2024 for more than Rs 450 crore. With the new purchase, Amazon's cumulative investment in land acquisitions at this location rose to nearly Rs 575 crore, while its combined landholding there has expanded to nearly 49 acres.

ET’s email queries to Amazon India and Larsen & Toubro remained unanswered.

India’s data centre sector has witnessed strong investment activity over the past few years, driven by rapid digitalisation, rising cloud adoption and increasing demand from hyperscale operators. Mumbai remains the country’s largest data centre market, attracting investments from global technology companies and infrastructure investors owing to its connectivity, enterprise ecosystem and access to subsea cable networks.

Amazon Data Services is among the major hyperscale operators expanding capacity in India to cater to growing digital infrastructure requirements across enterprises, government agencies and technology companies. Ends