Dua Associates Advises Nxtra Data Limited In Real Estate Transaction For setting up India’s largest data center
Last year Bharti Airtel (“Airtel”) announced plans for its subsidiary Nxtra Data Limited (“Nxtra”) to deploy low environmental impact fuel cell installation at its data center in Karnataka, making Nxtra the first data center company in India to deploy fuel cell technology to reduce carbon emissions at its data centers.
Dua Associates, Bangalore advised and assisted Nxtra Data Limited, on the acquisition of property involving an investment of ₹. 1,200+ crores in Bengaluru, to set-up its second data center facility here. This acquisition is in the context of Nxtra looking to double its Data Center Capacity by 2025 and capture a greater share of India's burgeoning data center market.
The Firm advised acted and assisted Nxtra on all aspects of the transaction which included conducting title due diligence of the property; and drafting, reviewing, negotiating and finalizing the transaction documents.
The team who worked on this deal are Partners, Vinuth Gowda and P.K. Shrikara; and Associate, Brijesh Yadav. The deal concluded on July 10, 2023 and is valued at Rs 114,00,00,000/-.
This significant real estate transaction provides a boost to the Firm’s real estate practice, as it is envisaged as Nxtra’s largest data center in India, to be set up in two phases, involving around ₹. 600+ crores in each phase.
About Dua Associates: Dua Associates is a leading law firm in India with an over thirty five year old track record of delivering critical legal solutions for its clients including Fortune 500 companies, financial institutions, governments and SMEs. The Firm is widely recognized for the depth of experienced legal talent and the significant experience of its 250 professionals including 75 partners.
About Nxtra Data Limited: Nxtra designs, builds and operates the largest network of hyperscale, core and edge data centers in India for leading enterprises, hyperscalers, start-ups, SMEs and governments.