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Business Standard
2 days ago
- Business
- Business Standard
CapitaLand Investment to invest Rs 19,200 crore in Maharashtra by 2030
CapitaLand Investment Limited (CLI), a global real asset manager, has signed a memorandum of understanding (MoU) with the Maharashtra government, outlining its plans to invest over Rs 19,200 crore (SGD 2.83 billion) 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.
Economic Times
2 days ago
- Business
- Economic Times
CapitaLand to invest over Rs 19,200 crore in Maharashtra by 2030
Synopsis CapitaLand Investment will invest over nineteen thousand two hundred crore rupees in Mumbai and Pune by 2030. This investment will strengthen its presence across business parks, data centers, logistics, and industrial assets. The company launched its first data center in Navi Mumbai. CapitaLand aims to expand its funds under management significantly by 2028. Agencies Mumbai realty market (Image for representation) Singapore-headquartered CapitaLand Investment Ltd (CLI) has signed a Memorandum of Understanding (MoU) with the Maharashtra government to invest more than Rs 19,200 crore (S$2.83 billion) in Mumbai and Pune by 2030, strengthening its presence across business parks, data centres, logistics, and industrial announcement coincided with the launch of CLI's first data centre in India at Navi entered Maharashtra in 2013 through International Tech Park Pune, Hinjawadi, developed with the Maharashtra Industrial Development Corporation (MIDC). Over the last decade, it has deployed over Rs 6,800 crore (S$1 billion) in 10 assets spanning business parks, data centres, and logistics facilities in the fresh commitment is part of CLI's broader India growth plan, which aims to expand its funds under management from over S$8 billion to about S$15 billion by 2028.'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,' said Sanjeev Dasgupta, CEO, CLI India. 'We will continue to scale our investments in Maharashtra through our listed trust, private funds, and the Ascendas-Firstspace platform.' CLI currently operates five business parks in the state, with 9.7 million sq ft of leasable space and plans to add 4.5 million sq ft more. Four of these parks — ITPP-H, aVance Pune I & II, and Aurum Q Parc in Mumbai — are held via CapitaLand India Trust (CLINT), Asia's largest India-focused property trust listed in Singapore. The fifth, International Tech Park Pune, Kharadi, is held under the Ascendas India Growth the data centre front, CLINT operates four facilities in Mumbai, Bangalore, Chennai, and Hyderabad with a total planned capacity of 244 MW. The Navi Mumbai data centre's first tower, with 54 MW capacity, is fully leased and operational, while a second tower of similar capacity is in early logistics and industrial assets, CLI holds five parks in Mumbai and Pune under Ascendas-Firstspace totalling 5.3 million sq ft, along with a 1.2 million sq ft warehousing park in Panvel under CLINT. A 17 million sq ft pipeline is in development to cater to e-commerce, manufacturing, and third-party logistics more than three decades in India, CLI's portfolio now spans over 55 assets across eight cities, including IT and business parks, coworking, industrial, logistics, lodging, and data centres.
Time of India
2 days ago
- Business
- Time of India
CapitaLand to invest over Rs 19,200 crore in Maharashtra by 2030
Singapore-headquartered CapitaLand Investment Ltd (CLI) has signed a Memorandum of Understanding (MoU) with the Maharashtra government to invest more than Rs 19,200 crore (S$2.83 billion) in Mumbai and Pune by 2030, strengthening its presence across business parks, data centres, logistics, and industrial assets. The announcement coincided with the launch of CLI's first data centre in India at Navi Mumbai. Finance Value and Valuation Masterclass - Batch 4 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Finance Value and Valuation Masterclass - Batch 3 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals By Vaibhav Sisinity View Program Finance Value and Valuation Masterclass - Batch 2 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass Batch-1 By CA Himanshu Jain View Program CLI entered Maharashtra in 2013 through International Tech Park Pune, Hinjawadi, developed with the Maharashtra Industrial Development Corporation (MIDC). Over the last decade, it has deployed over Rs 6,800 crore (S$1 billion) in 10 assets spanning business parks, data centres, and logistics facilities in the state. The fresh commitment is part of CLI's broader India growth plan, which aims to expand its funds under management from over S$8 billion to about S$15 billion by 2028. '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,' said Sanjeev Dasgupta, CEO, CLI India. 'We will continue to scale our investments in Maharashtra through our listed trust, private funds, and the Ascendas-Firstspace platform.' CLI currently operates five business parks in the state, with 9.7 million sq ft of leasable space and plans to add 4.5 million sq ft more. Four of these parks — ITPP-H, aVance Pune I & II, and Aurum Q Parc in Mumbai — are held via CapitaLand India Trust (CLINT), Asia's largest India-focused property trust listed in Singapore. The fifth, International Tech Park Pune, Kharadi, is held under the Ascendas India Growth Programme. On the data centre front, CLINT operates four facilities in Mumbai, Bangalore, Chennai, and Hyderabad with a total planned capacity of 244 MW. The Navi Mumbai data centre's first tower, with 54 MW capacity, is fully leased and operational, while a second tower of similar capacity is in early development. In logistics and industrial assets, CLI holds five parks in Mumbai and Pune under Ascendas-Firstspace totalling 5.3 million sq ft, along with a 1.2 million sq ft warehousing park in Panvel under CLINT. A 17 million sq ft pipeline is in development to cater to e-commerce, manufacturing, and third-party logistics demand. With more than three decades in India, CLI's portfolio now spans over 55 assets across eight cities, including IT and business parks, coworking, industrial, logistics, lodging, and data centres.
Hindustan Times
2 days ago
- Business
- Hindustan Times
CapitaLand plans ₹19,200 crore push into Mumbai, Pune real estate markets by 2030
CapitaLand Investment Limited (CLI), a real asset manager, announced on August 12 that it has signed a Memorandum of Understanding (MoU) with the Maharashtra government and indicated plans to invest over ₹19,200 crore by 2030, aiming to expand its presence in the Mumbai and Pune commercial real estate markets. CapitaLand Investment Ltd said its presence in Maharashtra commenced in 2013 with the launch of International Tech Park Pune, Hinjawadi (ITPP-H), developed in partnership with the Maharashtra Industrial Development Corporation (MIDC). (CapitaLand Investment Ltd) The announcement was made at the launch of CLI's first data centre in India, located in Navi Mumbai on August 12. The company said that Gan Kim Yong, Singapore's Deputy Prime Minister and Minister for Trade and Industry, and Maharashtra Chief Minister Devendra Fadnavis graced the launch event. It said CapitaLand's investments will cover business parks, data centres, logistics, and industrial parks in Maharashtra, where it has operated since 2013. According to the company statement, CLI's presence in Maharashtra commenced in 2013 with the launch of International Tech Park Pune, Hinjawadi (ITPP-H), developed in partnership with the Maharashtra Industrial Development Corporation (MIDC). Also Read: Bengaluru real estate: Techies in IT capital are gradually migrating to Mysuru. Here's why Over the past decade, CLI has significantly expanded its footprint in Mumbai and Pune, investing over ₹6,800 crores (S$1 billion) across 10 assets spanning business parks, data centres and logistics facilities, the company said in a statement. Also Read: CapitaLand Investment raises S$131 million from Daibiru Corporation for its India fund The planned investments in Maharashtra are an integral part of CLI's broader growth strategy for India, where the company aims to increase its funds under management. They will be across business parks, data centres, logistics and industrial parks, demonstrating CLI's confidence in Maharashtra's emergence as a hub for innovation, services, digital infrastructure, manufacturing and logistics, the company said in a statement. Also Read: CapitaLand India Trust secures S$200 million sustainability-linked loan from International Finance Corporation '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," Sanjeev Dasgupta, CEO, CLI India, said. "We will continue to scale our investments in Maharashtra through our listed trust, CLINT; our private funds; and the Ascendas-Firstspace platform. We look forward to strengthening our partnership and contributing further to Maharashtra's commercial and industrial growth," Dasgupta added.
Business Times
2 days ago
- Business
- Business Times
CapitaLand Investment to invest over 192 billion rupees in India's Maharashtra state by 2030
[SINGAPORE] CapitaLand Investment (CLI) will invest more than 192 billion rupees (S$2.8 billion) in Maharashtra by 2030, deepening its presence in the key Indian markets of Mumbai and Pune. The commitment was unveiled on Tuesday (Aug 12) during the launch of CLI's first data centre in India, located in Navi Mumbai. In a statement, CLI described the planned investments as an 'integral part' of its wider growth strategy for India. The company aims to expand its funds under management in the country from more than S$8 billion currently to around S$15 billion by 2028. The investments will span business parks, data centres, logistics and industrial parks; and is a sign of CLI's confidence in Maharashtra's potential as a hub for innovation, services, digital infrastructure, manufacturing and logistics. On the same day, CLI signed a memorandum of understanding with the Maharashtra government to formalise the plans. Sanjeev Dasgupta, chief executive officer of CLI India, said Maharashtra's strong economic fundamentals and mature IT and industrial ecosystem offer 'significant opportunities' for the group to expand. 'We will continue to scale our investments in Maharashtra through our listed trust, CapitaLand India Trust; our private funds; and the Ascendas-Firstspace platform,' Dasgupta said. 'We look forward to strengthening our partnership with the state and contributing further to its commercial and industrial growth.' CLI closed 0.7 per cent or S$0.02 lower at S$2.75 on Tuesday.
