Amazon Data Services signs 17-year, 4-acre Powai lease with L&T
Business
Amazon Data Services (the data center arm of AWS) just signed a huge lease for more than 17 years for four acres in Mumbai's Powai area, teaming up with Larsen & Toubro.
This move (worth over ₹650 crore) is all about boosting cloud infrastructure to keep up with India's growing tech demand.
Lease includes 2-year rent-free, 72cr premium
The lease starts at ₹69 lakh per acre each month, bumps up three percent every year, and comes with a two-year rent-free period plus a ₹72 crore premium.
With this deal, AWS now holds 13.5 acres in Powai.
It fits into their massive investment plan: after CEO Andy Jassy met PM Modi in June, AWS committed $48 billion between 2026 and 2030 to build more data centers and ramp up AI infrastructure across India.