Capital Tower, the headquarters of Capitaland Ltd
| Photo Credit:
Munshi Ahmed
CapitaLand Investment Limited (CLI) signed a memorandum of understanding with the Maharashtra government on Tuesday, committing to invest over ₹19,200 crore (S$2.83 billion) by 2030 to expand operations in Mumbai and Pune.
The announcement coincided with the launch of CLI’s first data centre in India at Navi Mumbai, attended by Singapore Deputy Prime Minister Gan Kim Yong and Maharashtra Chief Minister Devendra Fadnavis.
The planned investment forms part of CLI’s broader India strategy to increase funds under management from over S$8 billion to S$15 billion by 2028. The funds will target business parks, data centres, logistics and industrial sectors across Maharashtra.
CLI has operated in Maharashtra since 2013, initially partnering with Maharashtra Industrial Development Corporation to develop International Tech Park Pune, Hinjawadi. Over the past decade, the Singapore-based real asset manager has invested over ₹6,800 crore across 10 assets in the State.
The company currently operates five business parks in Maharashtra totalling 9.7 million square feet of leasable area, with plans to add another 4.5 million square feet. CLI also manages four data centres with 244 megawatts capacity and five logistics parks spanning 5.3 million square feet.
CLI has built a portfolio of over 55 assets across eight Indian cities over three decades.
Published on August 12, 2025