&w=3840&q=100)
CapitaLand Investment to invest Rs 19,200 crore in Maharashtra by 2030
The planned investments in Maharashtra are part of CLI's broader growth strategy for India, where the company aims to increase its funds under management from over SGD 8 billion to about SGD 15 billion by 2028.
The investments will be across business parks, data centres, logistics and industrial parks in the Mumbai Metropolitan Region (MMR) and Pune.
CLI's presence 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 past decade, CLI has expanded its footprint in Mumbai and Pune, investing over Rs 6,800 crore (SGD 1 billion) across 10 assets spanning business parks, data centres and logistics facilities.
Sanjeev Dasgupta, chief executive officer of CLI India, said: 'India is a core market for CLI, and Maharashtra, with its strong economic fundamentals and well-developed IT and industrial ecosystem, presents significant opportunities for us to grow our footprint. The state has been a steadfast partner in our growth journey over the past decade, and we value the strong support and collaboration. We will continue to scale our investments in Maharashtra through our listed trust, CLINT; our private funds; and the Ascendas-Firstspace platform.'
CLI has five operational business parks in Maharashtra with a total leasable area of 9.7 million square feet (msf) and plans to add another 4.5 msf. It has invested in four of the business parks through CapitaLand Investment Trust (CLINT), Asia's largest India-focused property trust listed in Singapore. The fifth business park, International Tech Park Pune, Kharadi, is held under CLI's private fund, Ascendas India Growth Programme.
CLI also has five logistics and industrial parks in Mumbai and Pune under Ascendas-Firstspace, spanning 5.3 msf, as well as a 1.2 msf warehousing park in Panvel, Mumbai, under CLINT.
In addition, CLI has a development pipeline of logistics projects totalling 17 msf under Ascendas-Firstspace.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
13 minutes ago
- Economic Times
Nykaa shares rally 5% as brokerages turn more bullish post Q1 results. Should you buy, sell or hold?
Nykaa shares rose 5.4% to Rs 215.95 after brokerages reaffirmed bullish views post-Q1 results. Net profit jumped 79% YoY to Rs 24 crore, revenue grew 23% to Rs 2,155 crore, and GMV climbed 26% to Rs 4,182 crore. Nuvama and JM Financial maintained Buy ratings, citing strong beauty growth, improving fashion performance, and margin expansion potential. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Q1 performance supports outlook Shares of FSN E-Commerce, which operates the Nykaa brand, climbed as much as 5.4% on Wednesday to Rs 215.95 on the BSE after brokerages reaffirmed bullish views and raised price targets following the company's first-quarter maintained its Buy rating on Nykaa with a target price of Rs 235, implying a 15% upside from the stock's last traded price. The brokerage said market share gains remain a strategic priority, with strong momentum in the Beauty & Personal Care segment and improving growth in expects around 20% GMV growth and margin expansion, supported by narrowing losses in the Fashion and eB2B businesses. However, Nuvama trimmed earnings estimates for FY26 and FY27 by 10% and 12%, respectively, due to higher tax assumptions. JM Financial reiterated its Buy call and raised its target price to Rs 260 from Rs 250, implying a potential upside of 27.5% from the last traded brokerage noted that Nykaa delivered robust growth despite a tepid demand environment, with the Beauty & Personal Care vertical posting 26% GMV growth and offline retail rising 33% Financial expects an accelerated improvement in consolidated EBITDA margins, driven by higher profitability in core beauty operations and declining losses in Fashion and reported a 79% year-on-year jump in consolidated net profit to Rs 24 crore for the quarter ended June 30, 2025, on a 23% increase in revenue from operations to Rs 2,155 grew 26% to Rs 4,182 crore, with the Beauty vertical contributing Rs 3,208 crore. EBITDA rose 46% from a year earlier, with margins expanding to 6.5% from 5.5%.The House of Nykaa Beauty business now accounts for 18% of the company's overall beauty GMV, said Falguni Nayar, founder and CEO of Nykaa.'Since our IPO, we have consistently delivered mid-20s growth at a consolidated level. Our cumulative customer base now stands at 45 million, reflecting the growing trust and adoption of our platform,' Nayar added.
Scroll.in
14 minutes ago
- Scroll.in
RPSC ASO application window closes today for 43 posts; here's how to register
The Rajasthan Public Service Commission (RPSC) will close the online application window for the recruitment of Assistant Statistical Officer (Eco. and Stat. Dept.) 2024 posts under Advt. No. 09/2024-25. Eligible candidates can apply for the posts on the official website or The recruitment drive aims to fill up a total of 43 ASO posts. Applicants can check the eligibility criteria, age limit, pay scale, and other details available in the notification below: Here's the official notification. Candidates have to pay a fee of Rs 750 for One Time Registration (OTR). More details in the notification. Steps to register for ASO posts 2024
Hans India
14 minutes ago
- Hans India
Gold rates in Visakhapatnam today slashes, check the rates on 13 August, 2025
The gold rates today slashed in Visakhapatnam on 13 August, 2025. Going by the rates today, the price of 10 grams of 22-carat gold is Rs. 92,900 with a fall of Rs 50 while the rate of 10 grams of 24-carat gold is at Rs 1,01,350 with a fall of Rs. 880. While the Silver rate is at Rs. 1,25,000 per kilogram. The gold rates in the international market have been fluctuating. Over the past few weeks gold rates have experienced a fall during the wedding season, fluctuating around Rs. 90,000 for 10 grams of 24-carat gold and approximately Rs. 1,00,000 for 10 grams of 22-carat gold. The gold prices mentioned here are due at 8am, the prices could alter at every moment and hence the gold buyers need to track the live prices at a given time. The mentioned prices here are closing prices of yesterday while today's price would begin either with a decrease or increase.
