Lodha Sells 24-Acre Mumbai Land to Singapore’s STT GDC
Real Estate

Lodha Sells 24-Acre Mumbai Land to Singapore’s STT GDC

Realty firm Lodha Developers Ltd has sold over 24 acres of land in the Mumbai region to Singapore-based ST Telemedia Global Data Centres (STT GDC) for approximately Rs 5 billion, sources said. The land transaction has already been registered.

STT GDC acquired 24.34 acres at Palava, with Lodha Developers selling 1.74 acres and its subsidiary Palava Induslogic 4 Pvt Ltd selling 22.6 acres for a combined consideration of Rs 4.99 billion. Lodha Developers did not comment on the deal.

Earlier this month, Lodha Developers signed a Memorandum of Understanding (MoU) with the Maharashtra government to establish a green integrated data centre park at Palava. The MoU outlines a proposed total investment of Rs 300 billion, expected to generate 6,000 direct and indirect jobs.

The park, spread over 370 acres with a planned capacity of 2 gigawatts, is designed to accommodate multiple leading international and domestic players. “Combined investments of over Rs 300 billion are anticipated from Lodha and various data centre operators,” the company said.

Lodha Developers holds a substantial land bank at Palava, which it is utilising to develop an integrated township comprising residential, commercial, warehousing, and data centre projects. The company has delivered approximately 100 million sq ft of real estate and is developing more than 110 million sq ft under ongoing and planned projects.



Realty firm Lodha Developers Ltd has sold over 24 acres of land in the Mumbai region to Singapore-based ST Telemedia Global Data Centres (STT GDC) for approximately Rs 5 billion, sources said. The land transaction has already been registered.STT GDC acquired 24.34 acres at Palava, with Lodha Developers selling 1.74 acres and its subsidiary Palava Induslogic 4 Pvt Ltd selling 22.6 acres for a combined consideration of Rs 4.99 billion. Lodha Developers did not comment on the deal.Earlier this month, Lodha Developers signed a Memorandum of Understanding (MoU) with the Maharashtra government to establish a green integrated data centre park at Palava. The MoU outlines a proposed total investment of Rs 300 billion, expected to generate 6,000 direct and indirect jobs.The park, spread over 370 acres with a planned capacity of 2 gigawatts, is designed to accommodate multiple leading international and domestic players. “Combined investments of over Rs 300 billion are anticipated from Lodha and various data centre operators,” the company said.Lodha Developers holds a substantial land bank at Palava, which it is utilising to develop an integrated township comprising residential, commercial, warehousing, and data centre projects. The company has delivered approximately 100 million sq ft of real estate and is developing more than 110 million sq ft under ongoing and planned projects. 

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement