Data centre operator STT Global Data Centres India has acquired a 3.48-acre industrial property in Navi Mumbai’s Mahape locality for ₹282 crore, driven by sustained demand for well-located sites to support digital infrastructure development.
The company’s India division purchased this asset from Repro India, a Mumbai-based printing, publishing, and book distribution firm. The transaction was formalized on May 22, with stamp duty amounting to ₹2.56 crore.
The property, situated in the MIDC-developed TTC Industrial Area at Khairane, comprises 3.48 acres of land and an existing built-up structure of 73,496 sq ft, according to documents obtained from CRE Matrix, a realty data analytics platform.
This acquisition contributes to the expanding pipeline of land transactions linked to India’s burgeoning data centre sector, with operators increasingly targeting established industrial corridors that offer access to essential resources like power, fibre connectivity, and transport infrastructure.
ST Telemedia Global Data Centres (India), a majority-owned subsidiary of ST Telemedia Global Data Centres, manages one of the largest white space portfolios in India, with over 400 MW of critical IT load across 30 facilities in 10 cities, including those under development.
RealtyDailyNews’s email inquiry to STT Telemedia went unanswered, but Repro India has publicly disclosed this transaction on the stock exchange.
Navi Mumbai’s TTC Industrial Area has become a highly sought-after location for data centre development, owing to its proximity to Mumbai, connectivity to submarine cable landing stations, and established industrial infrastructure. The region houses multiple operational and under-construction facilities catering to hyperscale cloud providers and digital enterprises.
This latest deal underscores the ongoing trend of data centre operators acquiring land in crucial markets to support future capacity increases driven by cloud adoption, artificial intelligence workloads, and rising data consumption. Mumbai remains the largest data centre market in India, attracting a significant portion of the investments made in this sector in recent years.
The transaction emphasizes the strategic significance of land acquisition within established digital infrastructure clusters, as operators compete for expansion-ready sites in key markets.
The existing industrial structure on the property offers redevelopment flexibility for future projects, subject to regulatory approvals and requirements. Interest in industrial properties within the TTC corridor has notably risen due to limited land availability and reliable utility access.
