Lodha Developers plans to raise ₹9,000 cr by selling Palava land to hyperscalers | Company Business News

•Lodha Developers plans to raise ₹9,000 crore by selling 150 acres in Palava to hyperscalers.

•The company aims to sell ₹2,000-3,000 crore worth of land annually to hyperscalers due to robust demand for data centre sites.

•Lodha has sold 132 acres to Amazon and STT Data Centres, and 30 acres to Digital Edge India at ₹42 crore per acre.

•The company plans to deploy land sale proceeds to develop 1 GW of data centre power shell capacity and lease space to hyperscalers.