CapitaLand to Unveil India-Targeted Investment Fund Focused on Data Centre Wagers
CapitaLand Investment Ltd, a Singapore-based real estate investor with a three-decade-long history in India, is doubling down on the country's commercial real estate sector. This strategic move involves significant investments in business parks, data centres, and logistics hubs across key tech and business cities such as Bengaluru, Hyderabad, Chennai, Mumbai, and Pune.
According to a top executive's announcement, CapitaLand Investment Ltd is committing approximately Rs 6,490 crore (around S$1.2 billion) for expanding commercial real estate in prime IT hubs, with nearly 7.26 million sq ft of new space, including IT parks and data centres.
The company has also signed a Memorandum of Understanding to invest over Rs 19,200 crore by 2030 in Maharashtra. This plan targets expansion across Mumbai and Pune, focusing on business parks, data centres, and logistics facilities.
Key aspects of CapitaLand's India strategy include:
- Building IT parks: CapitaLand is planning to construct three IT parks in Bengaluru, two in Hyderabad, one in Chennai, and an industrial development near Chennai, focusing on global capability centres, co-working spaces, and tech firms.
- Data centres: CapitaLand is developing a 25 MW data centre in Hyderabad, scheduled to be operational by mid-2025, and other data centres are under development.
- Portfolio growth: CapitaLand is acquiring and developing office spaces, such as a 1.1 million sq ft office in Bangalore, aiming to expand its Bangalore portfolio to nearly 10 million sq ft by 2028.
- Maharashtra plan: This involves the largest investment of over INR 19,200 crore (about US$2.2 billion) by 2030 with support from the state government, emphasizing business parks, data centres, and logistics to capture growth in Mumbai and Pune.
CapitaLand's increased investment in India's commercial real estate and data infrastructure is a bold move, reflecting the company's confidence in the sustained demand from technology, logistics, and manufacturing sectors. This strategy is also expected to contribute to urban development through infrastructure improvements and ancillary services stimulation.
However, the specific real estate segment CapitaLand Investment Ltd is considering for increased investment in India remains undisclosed, as are the details and nature of the expansion. The content discussed in this article is of a premium nature and is available only to existing members who can log in to access it.
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CapitaLand Investment Ltd is investing approximately Rs 6,490 crore (around S$1.2 billion) in expanding commercial real estate in prime IT hubs, including IT parks and data centres. The company has also signed a Memorandum of Understanding to invest over Rs 19,200 crore by 2030 in Maharashtra, focusing on business parks, data centres, and logistics facilities, which signifies their commitment to the finance sector and real estate development in India.
