Adani-Google Rent: Adani rents its space to Google, rent will be charged for this amount every month

Posted on 12th Oct 2022 by rohit kumar

Adani Enterprises has leased 4.64 lakh square feet of space in its data center in Noida to Ryden Infotech, a unit of Google. Its rent for one month is Rs 11 crore. DC Development Noida Limited, a part of Adani Enterprises, has leased 4,64,460 square feet of space to Raiden Infotech, an Adani data center located in Sector 62, Noida, for ten years, according to a report by CRE Matrix.

 

Rent will increase by one percent every year

 

According to the report, Idani Enterprises will charge an amount of Rs 235 per square foot every month from the Google unit for the space given on rent. Rs 130.89 crore will be taken from Raiden Infotech in the first year. Thereafter the rent will increase at the rate of one percent every year. According to the documents, the lease agreement has been signed in this regard only last month. However, there has been no official reply from Adani Enterprises and Google about this agreement.

 

In talks with Jaiprakash Power for a cement unit

 

Let us tell you that in the last few months, the Adani Group has expanded its business in a big way. Currently, his focus is on the cement business. After adding Ambuja and ACC Cement to its group, the Adani Group is now in talks to buy the cement unit of debt-laden Jaiprakash Power Ventures Ltd. Reports suggest that talks are going on between Adani Group and Jaiprakash Power and the deal could be for Rs 5 thousand crores.

 

Also Read: Direct tax collection: 24 percent increase in direct tax collection, reaching Rs 8.98 lakh crore

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