Lodha Sells Mumbai Land to STT Global for Rs. 500 Crore

Lodha Developers, one of India’s leading real estate firms, has completed the sale of a 24.34-acre parcel of land in Mumbai to Singapore-based STT Global Data Centres (STT GDC) for approximately ?500 crore. The transaction reflects the growing demand for modern data infrastructure and underlines India’s emerging position as a hub for data centre investments.

The land, located in Mumbai’s Palava region, will form a key part of a larger integrated data centre park that Lodha Developers is planning in collaboration with the Maharashtra government. This strategic partnership was formalized earlier this year with a Memorandum of Understanding, laying the foundation for an ambitious project designed to host multiple data centre facilities.

The broader vision for the Palava data centre park is substantial. Spread across 370 acres, the project is expected to attract both domestic and international technology players. The planned capacity of around 2 gigawatts aims to meet the surging demand for data processing and storage across India, supporting sectors ranging from finance to e-commerce and cloud services. With an estimated total investment of Rs. 30,000 crore, the initiative is set to generate roughly 6,000 jobs, offering a significant boost to local employment.

STT Global Data Centres, the purchaser, is a Singapore-based company recognized for building state-of-the-art, energy-efficient data facilities across Asia. By acquiring this Mumbai land, STT GDC is reinforcing its commitment to expand its footprint in India, a market witnessing rapid digitization. The company plans to develop world-class facilities designed for high-performance computing, cloud storage, and enterprise solutions, while adhering to global standards for sustainability and efficiency.

For Lodha Developers, the sale is both strategic and symbolic. The company has been gradually pivoting towards large-scale infrastructure projects and mixed-use developments that align with India’s technological and economic priorities. The collaboration with STT GDC positions Lodha at the forefront of India’s digital infrastructure growth, while also helping it unlock value from its vast land holdings.

Analysts note that this transaction highlights the increasing convergence of real estate and technology sectors. As India accelerates its digital adoption, the need for reliable, energy-efficient, and scalable data centres is more critical than ever. Partnerships like the one between Lodha Developers and STT GDC are setting new benchmarks for how urban land can be leveraged to support the country’s digital economy.

With Mumbai already emerging as a strategic hub for finance, media, and technology, the addition of a high-capacity data centre park is expected to strengthen the city’s role in India’s broader digital ecosystem. For the government, such projects also align with national initiatives aimed at boosting local infrastructure, promoting employment, and attracting global investments in technology-driven sectors.

The Lodha-STT deal is more than a land sale; it represents a confluence of real estate strategy, technological ambition, and economic development. As STT Global begins planning its facilities, India’s data infrastructure landscape is poised for transformation, and Mumbai is set to become a central node in this digital revolution.