CapitaLand Investment to Invest Over INR 19,200 Crores by 2030, Accelerating Growth in Mumbai and Pune.

Investment to power expansion across business parks, data centres, logistics and industrial sectors; reinforces CLI’s confidence in India’s economic growth story

MUMBAI, 14 AUGUST , 2025 (GPN)– CapitaLand Investment Limited (CLI), a leading global real asset manager, today announced the signing of a significant Memorandum of Understanding (MoU) with the Government of Maharashtra, outlining its commitment to invest over INR 19,200 crores (approximately S$2.83 billion¹) by 2030. The investment will fuel CLI’s continued expansion in Mumbai and Pune, two of India’s most dynamic and fast-growing urban economies.

The announcement was made during the inauguration of CLI’s first data centre in India, strategically located in Navi Mumbai. The high-profile launch was attended by distinguished dignitaries including Mr Gan Kim Yong, Deputy Prime Minister and Minister for Trade and Industry of Singapore; Mr Jeffrey Siow, Acting Minister for Transport and Senior Minister of State for Finance, Singapore; and Shri Devendra Fadnavis, Hon’ble Deputy Chief Minister of Maharashtra. Also present were Mr Manohar Khiatani, Chairman, CapitaLand India Trust (CLINT) and Senior Executive Director, CLI; Mr Sanjeev Dasgupta, Chief Executive Officer, CLI India; senior state government officials; industry leaders; and CLI partners and staff.

A Decade of Growth in Maharashtra

CLI’s journey in Maharashtra began in 2013 with the launch of International Tech Park Pune, Hinjawadi (ITPP-H), developed in partnership with the Maharashtra Industrial Development Corporation (MIDC). Over the last decade, the company has invested more than INR 6,800 crores (S$1 billion) across 10 assets in Mumbai and Pune, including business parks, data centres, and logistics facilities.

The newly announced investments represent a strategic acceleration of CLI’s growth plan for India, where it aims to increase its funds under management (FUM) from over S$8 billion² currently to approximately S$15 billion by 2028. The capital infusion will be channelled into high-demand sectors such as business parks, data centres, logistics and industrial parks—underscoring CLI’s conviction in Maharashtra’s potential as a hub for innovation, technology services, digital infrastructure, manufacturing, and logistics.

Leadership Perspective

“India is a core market for CLI, and Maharashtra—with its robust economic fundamentals, world-class infrastructure, and thriving industrial ecosystem—offers immense growth opportunities,” said Mr Sanjeev Dasgupta, CEO, CLI India. “The state has been a trusted partner in our journey over the past decade, and we deeply value its consistent support and collaboration. Through our listed trust CLINT, private funds, and the Ascendas-Firstspace platform, we will continue to scale investments, strengthen our partnerships, and contribute meaningfully to Maharashtra’s commercial and industrial development.”

With over 30 years of presence in India, CLI leverages its integrated real asset capabilities—as developer, owner, and operator—to deliver high-quality, sustainable projects tailored to global and local client needs.

Key Areas of Expansion in Maharashtra

Business Parks
CLI currently operates five business parks in Maharashtra, offering a total leasable area of 9.7 million sq ft. Plans are in place to add an additional 4.5 million sq ft to cater to growing demand from IT/ITeS, R&D, and corporate clients. Four parks—ITPP-H, aVance Pune I & II, and Aurum Q Parc in Mumbai—are held through CLINT, Asia’s largest India-focused property trust listed in Singapore. The fifth, International Tech Park Pune, Kharadi, is part of CLI’s private fund, Ascendas India Growth Programme.

Data Centres
In line with India’s booming digital economy, CLINT has established a portfolio of four data centres in Mumbai, Bangalore, Chennai, and Hyderabad, with a total planned power capacity of 244 MW. In Mumbai, Tower 1 (54 MW) is fully leased and operational, while Tower 2 (54 MW) is in early-stage development. The remaining three facilities are under construction, designed to serve hyperscalers, cloud providers, and large enterprise clients.

Logistics and Industrial Parks
Under the Ascendas-Firstspace platform, CLI operates five logistics and industrial parks in Mumbai and Pune, totalling 5.3 million sq ft, alongside a 1.2 million sq ft warehousing facility in Panvel under CLINT. A development pipeline of 17 million sq ft is in place to support the rapid expansion of e-commerce, manufacturing, and 3PL operations in Maharashtra.

CLI’s Wider India Footprint

Since pioneering the concept of business parks in India over three decades ago, CLI has built a diversified portfolio of over 55 assets across eight major cities: Bangalore, Chennai, Goa, Gurgaon, Hyderabad, Kolkata, Mumbai, and Pune. Its portfolio spans IT and business parks, coworking spaces, industrial and logistics facilities, lodging, and data centres—positioning it as one of the most trusted and comprehensive real estate partners in the country.

*¹ Exchange rate: S$1 = INR 67.80
² As of 31 March 2025