Google in talks to acquire 22.5-acre in Navi Mumbai for maiden India captive data centre
Alphabet Inc.’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, said people with direct knowledge of the development.
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, said the people cited above.
“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,” said one of the persons cited above.
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.
Email queries to Google remained unanswered, while Gramercy Trade Industries declined to comment.
Tech giants like Google, Microsoft and Amazon are setting up hyperscale data centres in India to exploit this fast-growing market accelerated by a post-pandemic surge in digitalisation.
“The trend of global cloud firms acquiring and building their own data centres has been visible since the last couple of years. Global swing towards digitisation post
