Macrotech Developers Ltd, a prominent real estate developer, has acquired the full stake held by Bain Capital in three of its digital infrastructure subsidiaries for Rs 307 crore. The buyout is part of Macrotech’s strategic move to boost annuity income, aiming for Rs 1,500 crore annually under its Lodha Industrial and Logistics Park brand. The three subsidiaries involved in the transaction are Bellissimo Digital Infrastructure Development Management Pvt Ltd, Palava Induslogic 4 Pvt Ltd, and Bellissimo In City FC Mumbai 1 Pvt Ltd. Prior to the acquisition, Bain Capital held a 30% stake in Bellissimo Digital Infrastructure and a 33.33% stake in the other two companies.
This move follows Macrotech’s October acquisition of a similar stake in these entities from Ivanhoe’s India subsidiary. The company’s CEO, Abhishek Lodha, emphasized the importance of diversifying revenue streams beyond residential development. In line with this strategy, Macrotech recently sold 40 acres of land in Palava, Mumbai, to Amazon Web Services (AWS) for approximately Rs 12 crore per acre, with plans for a data center.
Macrotech is also in talks with other hyperscalers to sell additional land in Palava, with expectations of Rs 20 crore per acre. The company views data centers as a key future source of rental income.
