CapitaLand Investment Enters Indian Real Estate Market with Major Investment in Navi Mumbai
CapitaLand Investment Ltd (CLI), a leading real estate management firm from Singapore, has announced a significant investment in India, focusing on data centers, logistics, and industrial parks in Mumbai and Pune.
Real EstateCapitaland InvestmentIndiaNavi MumbaiData CentersReal Estate NewsAug 13, 2025
The company’s growth strategy for India is ambitious, with plans to increase its funds from 8 billion Singaporean dollars to 15 billion Singaporean dollars by 2028. This strategic move underscores CLI’s commitment to tapping into the robust economic fundamentals and well-developed IT and industrial ecosystem in Maharashtra.
Tuesday’s data center launch was a high-profile event, attended by several dignitaries including Singapore Deputy Prime Minister Gan Kim Yong, who is also the Minister for Trade and Industry; Jeffrey Siow, the Acting Minister for Transport and Senior Minister of State for Finance; Maharashtra Chief Minister Devendra Fadnavis; Manohar Khiatani, Chairman of CapitaLand India Trust (CLINT) and Senior Executive Director of CLI; and Sanjeev Dasgupta, Chief Executive Officer of CLI India.
“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 Dasgupta.
CLI’s journey in India began in 2013 with the launch of the International Tech Park in Pune’s Hinjawadi, developed in partnership with the Maharashtra Industrial Development Corporation (MIDC). Over the past decade, the company has made substantial investments in Mumbai and Pune, totaling over ₹6,800 crore across 10 areas, including business parks, data centers, and logistics facilities.
Across India, CLI has expanded its portfolio with investments in over 55 IT and business parks, co-working, industrial, logistics, lodging, and data center assets in eight cities: Bangalore, Chennai, Goa, Gurgaon, Hyderabad, Kolkata, Mumbai, and Pune. In Maharashtra, CLI’s presence is particularly strong, with five operational business parks covering a total leasable area of 9.7 million square feet.
Additionally, the company plans to add another 4.5 million square feet in the state’s key commercial hubs. Development is also underway for logistics projects totaling 17 million square feet under the Ascendas-Firstspace brand.
This expansion marks a significant milestone for CLI in India, highlighting the company’s confidence in the Indian market and its potential for growth in the real estate sector.
Frequently Asked Questions
What is CapitaLand Investment Ltd (CLI)?
CapitaLand Investment Ltd (CLI) is a leading real estate management firm based in Singapore, known for its investments in various sectors including data centers, logistics, and industrial parks.
How much is CLI planning to invest in India by 2030?
CLI plans to invest more than ₹9,200 crore (2.3 billion Singaporean dollars) in India by 2030, focusing on key markets such as Mumbai and Pune.
What are the key areas of CLI’s investment in India?
CLI’s investments in India include data centers, logistics, industrial parks, and business parks, with a strong focus on the cities of Mumbai and Pune.
When did CLI first enter the Indian market?
CLI first entered the Indian market in 2013 with the launch of the International Tech Park in Pune’s Hinjawadi, developed in partnership with the Maharashtra Industrial Development Corporation (MIDC).
What is CLI’s growth strategy for India by 2028?
CLI’s growth strategy for India includes increasing its funds from 8 billion Singaporean dollars to 15 billion Singaporean dollars by 2028, with a focus on expanding its footprint in key markets.
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