NTT Global Data Centres, a subsidiary of Japanese IT infrastructure and service company NTT Data, has purchased a land parcel for Rs 855 crore in Mumbai. The company bought the property from the Bollywood actor Jeetendra Kapoor and his family in Mumbai’s suburban region in Andheri.
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NTT Global Data Centres has purchased the land from Kapoor’s two family-owned firms, Tusshar Infra Developers and Pantheon Buildcon. According to the documents reviewed by Square Yards, a real estate marketplace, the total area of the land is 9664.68 square metres or 2.3 acres. The land currently houses Balaji IT Park. There was a stamp duty of Rs 8.69 crore in the deal.
Global Expansion of NTT Data
NTT Data’s land acquisition in Mumbai is part of the company’s accelerated global expansion drive. The company has expanded its Global Data Centres division across Europe, North America, and Asia over the past six months. The company plans to invest about $10 billion by 2027 to establish a gigawatt of planned data centre capacity.
Recently, NTT Data has acquired substantial land parcels in many cities across continents to expand its data centre network and facilitate business growth amidst the AI boom. The company has acquired 53 acres in Milan, Italy and has bought 32 acres in Tokyo, Japan.
Similarly, the company has acquired 174 acres of land in Arizona and 26 acres in London. It has acquired land in cities like Frankfurt, Germany, and Osaka, Japan.
“Our land acquisitions are about more than growth; they’re about shaping the future of digital infrastructure on a global scale,” Doug Adams, CEO and President of NTT DATA’s Global Data Centres, said in a statement in May. “As the digital landscape evolves at unprecedented speed, NTT Global Data Centers is investing boldly to ensure our customers are ready to lead in an increasingly connected and dynamic world,” he added
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