Adani Enterprises acquires 34,275 sqm land parcel in Noida to set up a data centre

In a major development in Adani Group, has acquired 34,275 sq metre land parcel in Noida at Rs 103.41 crore to set up a data centre. This is part of the Uttar Pradesh policy for setting up institutional services in Noida in the IT and ITES sectors to promote investment and employment. As per Details, Adani Enterprises will make investments of Rs 2,400 crore within the upcoming facility at Sector 62, Noida which will generate employment for 1,350 persons.

Further, the Noida authority has allotted another 16,350 sq metre land parcel in sector 145 to MAQ India Pvt Ltd to for an IT facility. This will net the Noida authority Rs 33.90 crore and the company will invest Rs 250 crore for the development of the project. This will provide employment for 2500 persons. In these two allotments, Noida authority will get revenues of Rs 137.31 crore, with an investment potential of Rs2,650 crore and employment for 3,850 persons.

The authority had allotted near 2 million sq ft of business land to 13 corporations as a part of technique to spur funding and employment in Uttar Pradesh. Recently, Noida authority had adopted a policy to arrange knowledge centres close to the upcoming worldwide airport at Jewar cheaper.


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