CapitaLand Investment Commits \$2.8 Billion to Maharashtra: Massive Expansion in Business Parks, Data Centres, and Logistics by 2030

Key Highlights

• CapitaLand Investment Limited (CLI) signs MoU with Maharashtra Government to invest over INR19,200 crores (approx. S\$2.83 billion) by 2030.
• Investment focus: Mumbai and Pune, boosting business parks, data centres, logistics, and industrial sectors.
• Target to double funds under management in India from S\$8 billion to S\$15 billion by 2028.
• Launch of CLI’s first India data centre in Navi Mumbai, with key government and corporate leaders in attendance.
• Current portfolio in Maharashtra: Over INR6,800 crores invested in 10 assets, including business parks, data centres, and logistics facilities.
• Ambitious pipeline includes expansion of business parks by 4.5 million sq ft and logistics projects of up to 17 million sq ft.
• Significant focus on sustainability: CLI targets Net Zero carbon emissions for Scope 1 and 2 by 2050.

In-Depth Details Retail Investors Must Know

CapitaLand Investment Limited (CLI), a leading Singapore-based global real asset manager, has made a game-changing announcement that could have a significant impact on its future growth trajectory and potentially the company’s share price. CLI has signed a Memorandum of Understanding with the Maharashtra Government to invest more than INR19,200 crores (S\$2.83 billion) in the Indian cities of Mumbai and Pune by 2030. This move comes as part of CLI’s broader strategy to establish itself as a dominant force in Indian real estate, particularly across business parks, data centres, and logistics/industrial parks.

Strategic Expansion in India’s Fastest-Growing Real Estate Markets

CLI’s Maharashtra journey began in 2013 with the launch of the International Tech Park Pune (ITPP-H) in partnership with Maharashtra Industrial Development Corporation (MIDC). Over the last decade, CLI has invested more than INR6,800 crores in 10 assets, building a robust presence in Mumbai and Pune. Now, with the latest investment commitment, CLI is doubling down on India’s growth, aiming to nearly double its funds under management in the country from S\$8 billion as of March 2025 to S\$15 billion by 2028.

Business Parks: Aggressive Expansion Plans

• CLI currently operates five business parks in Maharashtra with a combined leasable area of 9.7 million sq ft.
• An additional 4.5 million sq ft is planned, further consolidating CLI’s presence in these key commercial hubs.
• Key assets include ITPP-H, aVance Pune I & II, Aurum Q Parc (Mumbai) — all held through CapitaLand India Trust (CLINT), Asia’s largest India-focused property trust listed in Singapore. The International Tech Park Pune, Kharadi is managed under CLI’s private fund, Ascendas India Growth Programme.

Data Centres: Riding the Digital Infrastructure Wave

• CLI, via CLINT, now operates four data centres across Mumbai, Bangalore, Chennai, and Hyderabad, with a total power capacity of 244 MW.
• The new Mumbai data centre (Tower 1, 54 MW capacity) is fully leased and operational; Tower 2 (another 54 MW) is in early development, demonstrating strong demand.
• The remaining three data centres are under development, positioning CLI as a major player in India’s booming digital infrastructure sector.

Logistics and Industrial Parks: Scaling Up for E-commerce and Manufacturing Growth

• CLI has five logistics and industrial parks in Mumbai and Pune under Ascendas-Firstspace, totalling 5.3 million sq ft.
• A 1.2 million sq ft warehousing park in Panvel, Mumbai, is managed under CLINT.
• CLI has a robust development pipeline of 17 million sq ft in logistics projects under Ascendas-Firstspace, tailored for e-commerce, manufacturing, and third-party logistics operators.

CLI’s Presence in India: A Diversified Portfolio

With a history of over 30 years in India, CLI has established a strong and diversified portfolio: more than 55 assets spanning IT and business parks, coworking spaces, industrial, logistics, lodging, and data centres in eight Indian cities — Bangalore, Chennai, Goa, Gurgaon, Hyderabad, Kolkata, Mumbai, and Pune.

Why This News Matters for Shareholders

• Significant capital commitment signals CLI’s confidence in India’s real estate and digital infrastructure growth story.
• Doubling funds under management and expanding presence in high-growth sectors (data centres, logistics) could be a catalyst for future earnings growth and share price appreciation.
• Success in India, particularly in Maharashtra — a hub for innovation, services, and manufacturing — could enhance CLI’s global profile and attract further institutional investment.
• CLI’s focus on sustainability and Net Zero ambitions may appeal to ESG-focused investors and funds.

About CapitaLand Investment Limited

Headquartered and listed in Singapore, CLI is a leading global real asset manager with S\$117 billion of funds under management as of March 2025. CLI invests across a diverse range of real asset classes, including retail, office, lodging, industrial, logistics, business parks, wellness, self-storage, data centres, private credit, and special opportunities. It is the investment management arm of CapitaLand Group, with access to the Group’s strong development capabilities and pipeline.

Shareholder Takeaway

This is a potentially price-sensitive development that underscores CLI’s aggressive growth plans in a high-potential market. The scale of investment, focus on high-growth sectors, and commitment to sustainability could result in positive re-rating catalysts for CLI shares. Retail investors should closely monitor the execution of these plans and future earnings updates, as successful implementation could lead to substantial long-term value creation.

Disclaimer: The above article is for informational purposes only and does not constitute investment advice. Please consult your financial adviser before making investment decisions. The author and publisher are not responsible for any investment actions taken based on the content herein.

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