Indian real estate developer Lodha has sold a 24.34-acre parcel of land in Mumbai to Singapore-based ST Telemedia Global Data Centres (STT GDC).

According to Realty Plus Magazine, STT GDC bought the land, located in Mumbai’s Palava region, for $56.6 million. Lodha Developers sold 1.74 acres, while its subsidiary Palava Induslogic 4 Pvt Ltd sold the additional 22.6 acres.

Palava City, located between Thane and Navi Mumbai, is a smart city built by Lodha. The company also has a large additional land bank in the Palava region, which it is using to build an integrated township, comprising housing, commercial, warehousing, and data center projects.

In late 2024, AWS acquired a 38.18-acre parcel of land in Palava from the real estate developer for $46.7m.

The site sold to STT GDC will ultimately form part of a larger green integrated data center park that the Maharashtra government is planning in collaboration with Lodha.

Set to span 370 acres, the data center park has a planned capacity of 2GW in order to meet growing demand across India, the outlet added. According to a Memorandum of Understanding signed by Lodha and the government earlier this year, around $405m will be invested in the park, generating 6,000 jobs in the region.

STT GDC operates, or is building, data centers in India, Indonesia, Japan, the Philippines, Singapore, South Korea, Thailand, the United Kingdom, Germany, Malaysia, Vietnam, and Italy. Its portfolio totals more than 95 data centers and 1.7GW of capacity across 11 geographies and points of presence across more than 20 markets.

The company also owns stakes in Chinese operator GDS and UK-based firm Virtus. In July 2025, it was reported that KKR was looking at acquiring STT GDC for around $5 billion. KKR already owns a 14.1 percent stake in STT GDC, after it partnered with Singtel to invest S$1.75bn (US$1.4bn) in the company last year.