CapitaLand Investment Ltd Launches First Data Centre in Navi Mumbai, Eyes ₹9,200 Crore Investment by 2030
Singapore’s real estate management firm, CapitaLand Investment Ltd (CLI), has launched its first data centre in Navi Mumbai, with plans to invest over ₹9,200 crore by 2030. This move marks CLI's strategic expansion in India's key markets of Mumbai and Pune.
Capitaland Investment LtdNavi MumbaiReal EstateData CentreInvestmentReal Estate MumbaiAug 13, 2025
The company’s growth strategy for India includes increasing its funds from 8 billion Singaporean dollars to 15 billion Singaporean dollars by 2028, as stated in a company press release.
The launch of the data centre was attended by several high-profile guests, 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 made its entry into India in 2013 with the launch of the International Tech Park at Pune’s Hinjawadi, developed in partnership with the Maharashtra Industrial Development Corporation (MIDC). Over the past decade, the company has established a significant presence in Mumbai and Pune, investing over ₹6,800 crore across 10 areas, including business parks, data centres, 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 centre assets across eight cities: Bangalore, Chennai, Goa, Gurgaon, Hyderabad, Kolkata, Mumbai, and Pune.
In Maharashtra, CLI’s presence is particularly strong, with five operational business parks totaling 9.7 million square feet of leasable area. The company plans to add another 4.5 million square feet in the state’s key commercial hubs. Additionally, development is underway on logistics projects totaling 17 million square feet under Ascendas-Firstspace.
This strategic investment and expansion highlight CLI’s commitment to tapping into India’s growing real estate and technology sectors, particularly in the economically vibrant state of Maharashtra.
Frequently Asked Questions
What is CapitaLand Investment Ltd's (CLI) first major project in India?
CLI's first major project in India was the launch of the International Tech Park at Pune’s Hinjawadi in 2013, developed in partnership with the Maharashtra Industrial Development Corporation (MIDC).
How much does CLI plan to invest in India by 2030?
CLI plans to invest more than ₹9,200 crore (2.3-billion Singaporean dollar) in India by 2030.
What are the key markets for CLI in India?
The key markets for CLI in India are Mumbai and Pune, where the company focuses on areas like data centres, logistics, and industrial parks.
How many business parks does CLI operate in Maharashtra?
CLI operates five business parks in Maharashtra, with a total leasable area of 9.7 million square feet.
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.
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