Singapore-based data center platform company Digital Edge is foraying in India and to set up its maiden data center in the country, it is in advanced talks to acquire a 47-acre land parcel in Thane along with realty developer Assetz Property Group for over Rs 806 crore from speciality steel manufacturer Mukand Ltd, said persons with direct knowledge of the development.
The said plot spread across Thane’s Kalwe and Dighe localities is a freehold land parcel. Mukand has already sold around 55 acres of surplus leasehold land in the same area to NTT Global Data Centers for Rs 801 crore and this transaction was completed in May 2021.
“The memorandum of understanding (MoU) for the land parcel has been signed and the transaction will be registered in the next few days. It also involves a large institutional financier,” said one of the persons mentioned above.
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