Lodha Sells Mumbai Land to STT GDC for Rs. 500 Cr Data Park

Lodha Developers, one of India’s leading real estate players, has finalized the sale of a 24.34-acre land parcel in Mumbai’s Palava region to STT Global Data Centres (STT GDC) for approximately Rs. 500 crore.

This deal marks a significant step in the development of Lodha’s ambitious 370-acre integrated data centre park, created in collaboration with the Maharashtra government under a formal MoU. The Palava data centre park aims to attract domestic and global technology players with a planned capacity of 2 gigawatts, meeting India’s rising demand for data storage, cloud services, and high-performance computing.

Key Highlights

• Lodha sells 24.34-acre Mumbai parcel to STT GDC for Rs. 500 Cr
• Land to anchor 370-acre, 2GW integrated data centre park
• Project to create 6,000 jobs and attract global tech players

The Rs. 30,000-crore project is expected to generate nearly 6,000 jobs, providing a boost to local employment and supporting the country’s push toward becoming a data infrastructure hub.

For STT GDC, this acquisition reinforces its strategy to expand its India footprint and deliver energy-efficient, globally compliant facilities tailored for enterprise, cloud, and hyperscale requirements. The company’s focus on sustainability and operational excellence positions it as a key enabler of India’s digital economy.

Also Read: Lodha Unveils Green Data Centre Plan in MMR

Lodha Developers’ move highlights the increasing convergence of real estate and technology sectors, with urban land being repurposed for large-scale digital infrastructure. Analysts see this deal as a transformative milestone for Mumbai, cementing its position as a critical node in India’s digital ecosystem and aligning with national initiatives to attract global technology investments and create future-ready infrastructure.