Terravista Developers secures land in Pune

Terravista Developers, a subsidiary of the Adani Group, has obtained leasehold rights over a 25-acre land parcel in Pimpri Industrial Area, Haveli Town, Pune, Maharashtra. Finolex Industries sold the land to Terravista Developers for Rs 471 crore. The stamp duty on the transaction was more than Rs 23.52 million paid for the registration process. The acquisition is aimed at facilitating the development of a large data center.

AdaniConneX, a joint venture between Adani Enterprises and US-based EdgeConneX, is spearheading the Adani Group's venture into the business of data centers. Established in February 2021, the joint venture company is engaged in the development and operation of data centers across India.

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