Google Inks 28 Year Lease for 381000 Giant Data Centre in Navi Mumbai as it Expands its Cloud Infrastructure

Navi Mumbai:

Google, a subsidiary of Alphabet Inc., has signed a long-term lease deal for a 381,000-square-foot data centre in Navi Mumbai for the next 28 years, as it expands its cloud infrastructure in India to meet surging demand in one of its key growth regions.

Google has signed the agreement via its affiliated business, Raiden Infotech India, and will pay rents totaling over USD 140 million, or INR 1,144 crore, depending on current exchange rates, during the first ten years of the lease, with a rental increase of 1.75 percent each year.

Google Cloud continues to expand its footprint in India, having just leased a 464,000-square-foot facility at the Adani Data Center in Noida for ten years.

The projected data centre in Navi Mumbai is anticipated to be constructed within the following twenty-four months, coinciding with the beginning date of the rental period. The building will consist of eight stories, including a basement and a top floor.

According to the records available by CRE Matrix, Raiden Infotech India has paid a stamp duty of about INR 7.26 crore for the registration of the transaction.

A tripartite contract was signed between Raiden Infotech India, sub-lessor Amanthin Info Parks, and the Maharashtra Industrial Development Corporation (MIDC), which leased the site to sub-lessor.

EverYondr, a joint venture between Yondr Group and Everstone Group, is the owner of Amanthin Info Parks.

According to the terms of the agreement, Google has the right of first offer (ROFO) for any extra space necessary for the expansion of its current facilities.