STT Global Snags 3.5-Acre Plot in Navi Mumbai for Rs 282 Crore to Expand Data Centre Footprint
STT Global Data Centres India, a prominent player in the data centre industry, has made a significant move by acquiring a 3.48-acre industrial property in the TTC Industrial Area of Navi Mumbai's Mahape locality. The acquisition, valued at Rs 282 crore, underscores the company's commitment to expanding its digital infrastructure in one of India's most strategic locations.
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 officially registered on May 22, with a stamp duty of Rs 2.56 crore paid on the deal. The property, situated in the MIDC-developed TTC Industrial Area at Khairane, includes a 3.48-acre land parcel along with an existing built-up structure of 73,496 square feet.
This acquisition is part of a broader trend of land transactions in India's burgeoning data centre sector. Operators are increasingly looking to secure sites in established industrial corridors that offer robust access to power, fibre connectivity, and transport infrastructure. STT Telemedia Global Data Centres (India) is a majority-owned subsidiary of ST Telemedia Global Data Centres. It currently manages one of the largest portfolios of white space in the country, with over 400MW of critical IT load across 30 facilities, including those under development, in 10 Indian cities.
Navi Mumbai's TTC Industrial Area has emerged as a prime destination for data centre development due to its strategic location near Mumbai, connectivity to submarine cable landing stations, and established industrial infrastructure. The region is home to multiple operational and under-construction facilities that cater to hyperscale cloud providers, enterprises, and digital businesses.
The latest transaction reflects the growing importance of land acquisition in established digital infrastructure clusters. Data centre operators are competing to secure expansion-ready sites in key markets, driven by the increasing adoption of cloud services, artificial intelligence workloads, and rising data consumption. Mumbai remains India's largest data centre market and has attracted a significant share of investments in the sector over the past few years.
The presence of an existing industrial structure on the site could provide STT Global with redevelopment flexibility for future infrastructure plans, subject to regulatory approvals and project requirements. Industrial properties within the TTC corridor have seen heightened interest from technology and infrastructure companies due to limited land availability and strong utility access.
This strategic move by STT Global Data Centres India positions the company to meet the growing demand for digital infrastructure in one of the country's most dynamic and connected regions. As the digital landscape continues to evolve, securing such strategic assets will be crucial for maintaining a competitive edge in the data centre market.
