Latest news with #CLINT
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Business Standard
4 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
4 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
4 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.
Reuters
5 days ago
- Business
- Reuters
Singapore's CapitaLand to invest $2.2 billion in Mumbai, Pune commercial real estate
Aug 12 (Reuters) - Singapore's CapitaLand Investment ( opens new tab signed an agreement with the state government of Maharashtra, India to invest 192 billion rupees ($2.19 billion) by 2030 to drive its growth in Mumbai and Pune, the real estate asset manager said on Tuesday. The planned investments is part of its broader growth strategy for India, where it aims to increase its funds under management to around S$15 billion by 2028 from more than S$8 billion, the company said. CapitaLand's investments will cover business parks, data centres, logistics and industrial parks in the western state of India, where it has had operations since 2013, it said. The company will scale up the investments through its listed trust CLINT, its private funds and the Ascendas-Firstspace platform, said CEO Sanjeev Dasgupta. The Temasek-backed firm had invested around 68 billion rupees over the past decade across 10 assets spanning business parks, data centres and logistics facilities in Mumbai and Pune. Across India, where the company has been operating for over three decades, CapitaLand has more than 55 IT and business parks, data centres and other assets. ($1 = 87.6450 Indian rupees)
Mint
09-08-2025
- Business
- Mint
Singapore-listed CapitaLand Reit to develop new IT parks in India
CapitaLand India Trust, an India-focused real estate investment trust listed in Singapore, is ramping up its presence in the country with plans to develop seven new projects across key cities, according to chief executive Gauri Shankar Nagabhushanam. 'In India, we've had a presence, but we actually haven't really focused that much so far," Nagabhushanam, who was in the country this week, told Mint. 'I think the time for India has come now, and it has become core for CapitaLand. That's why you'll see a lot more traction." Overall investment activity in India's real estate sector has moderated in the first half of 2025, amid global economic uncertainty and political headwinds. However, CapitaLand India Trust (CLINT) plans to significantly expand its footprint in the country. Projects across key cities CLINT's upcoming growth pipeline includes seven projects across Bengaluru, Hyderabad, and Chennai, which will together add approximately 7.26 million sq ft of floor area to its portfolio. Two are coming up in Hyderabad, three in Bengaluru, and one in Chennai. Of the seven projects, six are IT parks, and the seventh in Chennai is an industrial asset, a large-scale development, which could include manufacturing and logistics spaces. Also Read: Real Estate: China's loss is India's gain as CapitaLand shifts gears There's clear momentum building among global investors towards India-focused Reits and real estate assets, said Shobhit Agarwal, managing director and chief executive of Anarock Capital. 'India is still the fastest-growing large economy in the world," he said, and the recent regulatory clarity is helping boost investor confidence. While geopolitical uncertainties have tempered some inflows, long-term interest remains 'intact and strong" as investors look to diversify beyond saturated Asia-Pacific markets, said Agarwal. Investments and asset strategy The total expected investment for CLINT's projects is around ₹6,490 crore (S$984 million), with ₹3,780 crore (S$572 million) of committed capital still to be deployed as of 30 June. The developments span across office parks, logistics facilities, and data centre-aligned assets. Agarwal attributed the surge of capital in IT parks and logistics to India's deepening digital and consumption economy. 'In offices, demand is driven by the expansion of GCCs (global capability centres) and co-working operators," he said. CLINT is also looking to partially divest its data centre development projects, with plans to sell a 33% stake. The idea, according to Nagabhushanam, is to establish credible valuations for this relatively new asset class in India and bring global institutions on board to validate the assets. Future plans Nagabhushanam said the partial divestment strategy also aligns with CLINT's broader approach to reduce exposure to development-stage assets and keep capital free for returns-focused deployment. 'Instead of putting in 100 dollars, I can sell 33% and free up capital," he said. Also Read: IPOs get trimmed as selling shareholders hold back on OFS plans 'I have a high NAV (net asset value), but the market in Singapore is still skeptical, unsure if it holds value," he said. 'So I'll bring in large global institutions. They'll do their due diligence, and once they invest, the market will understand there is value." The current valuation of the four data centres under development stood at ₹3,505.6 crore as of 31 December 2024. Data centres are also attracting foreign interest due to low data costs, cloud adoption, and regulatory pushes for data localization. 'Global investors see structural growth and improving asset quality as a compelling long-term play," Agarwal said. CapitaLand Group, CLINT's parent firm, is a Singapore-based real estate investment firm with S$117 billion in funds under management. It manages six listed Reits globally, including CapitaLand India Trust, CapitaLand Integrated Commercial Trust, CapitaLand Ascendas Reit, CapitaLand Ascott Trust, CapitaLand China Trust, and CapitaLand Malaysia Trust. Also Read: Blackstone-backed developer shortlists banks for ₹5,000-crore Reit listing While CLINT may consider listing another Reit in India in the future as the country's capital markets are opening up, Nagabhushanam clarified that there are no such plans currently.
