STT Global Acquires 3.5-Acre Land Parcel in Navi Mumbai for ₹282 Crore
MUMBAI, June 6: Data centre operator STT Global Data Centres India has acquired a 3.48-acre industrial property in the TTC Industrial Area in Navi Mumbai's Mahape locality for Rs 282 crore, amid sustained demand for strategically located sites capable of supporting digital infrastructure development.
The Singapore-based company's India arm purchased the asset from Repro India, a Mumbai-based printing, publishing and book distribution company. The transaction was registered on May 22, with stamp duty of Rs 2.56 crore paid on the deal.
Property Details
Located in the MIDC-developed TTC Industrial Area at Khairane, the property comprises a 3.48-acre land parcel along with an existing built-up structure spanning 73,496 square feet, showed the documents accessed through CRE Matrix, a realty data analytics platform.
The presence of an existing industrial structure on the site could provide redevelopment flexibility for future infrastructure plans, subject to regulatory approvals and project requirements.
Strategic Importance
The acquisition adds to the growing pipeline of land transactions linked to India's expanding data centre sector, where operators are increasingly securing sites in established industrial corridors with access to power, fibre connectivity, and transport infrastructure.
Navi Mumbai's TTC Industrial Area has emerged as one of the country's most sought-after destinations for data centre development due to its proximity to Mumbai, connectivity to submarine cable landing stations, and established industrial infrastructure. The region hosts multiple operational and under-construction facilities catering to hyperscale cloud providers, enterprises, and digital businesses.
About STT Global
ST Telemedia Global Data Centres (India) is a majority-owned subsidiary of ST Telemedia Global Data Centres. It currently manages one of the largest white space portfolios in the country, with more than 400MW of critical IT load across 30 facilities, including those under development, across 10 Indian cities.
Market Context
The latest transaction comes as data centre operators continue to build land banks across key markets to support future capacity additions driven by cloud adoption, artificial intelligence workloads, and rising data consumption. Mumbai remains India's largest data centre market and has attracted a significant share of investments announced for the sector over the past few years.
Industrial properties within the TTC corridor have witnessed heightened interest from technology and infrastructure companies because of limited land availability and strong utility access.
The transaction underscores the strategic importance of land acquisition in established digital infrastructure clusters as operators compete to secure expansion-ready sites in key markets.