Brookfield buys 30 acre land near Mumbai for Rs 600 cr to build data centre

The JV would expand Brookfield Infrastructure's global data infrastructure portfolio, which includes $23 billion in assets across data transmission, distribution and storage

In one of the biggest land deals in the country in the last couple of years, Canada's Brookfield has bought a 30 acre land parcel in Navi Mumbai, a satellite town of Mumbai, for Rs 600 crore from K Raheja Corp, sources said.

Brookfield plans to build a data centre on the plot.

K Raheja Corp, which bought the land parcel in the Ghansoli area of Navi Mumbai from US chemicals company Cabot Corporation in 2015 for Rs 210 crore, would be making three times the returns from the sale of the land parcel to Brookfield.

According to real estate