CapitaLand to Invest Rs 19,200 Crore in Maharashtra by 2030: Boosting Real Estate and Data Centers
CapitaLand Investment Ltd (CLI) has pledged to invest over Rs 19,200 crore in Maharashtra by 2030, focusing on business parks, data centers, logistics, and industrial assets. This significant investment is part of CLI's broader India growth strategy.
CapitalandReal EstateMaharashtraData CentersLogisticsReal Estate PuneAug 12, 2025
The announcement comes as CLI launches its first data center in Navi Mumbai, marking a significant step in the company's expansion plans. CLI entered Maharashtra in 2013 through International Tech Park Pune, Hinjawadi, developed in collaboration with the Maharashtra Industrial Development Corporation (MIDC). Over the past decade, the company has deployed over Rs 6,800 crore (S$1 billion) in 10 assets spanning business parks, data centers, 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 square feet of leasable space and plans to add 4.5 million square feet 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 center front, CLINT operates four facilities in Mumbai, Bangalore, Chennai, and Hyderabad with a total planned capacity of 244 MW. The Navi Mumbai data center’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, totaling 5.3 million square feet, along with a 1.2 million square feet warehousing park in Panvel under CLINT. A 17 million square feet 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 centers. This significant investment in Maharashtra underscores CLI’s commitment to the Indian market and its belief in the state’s potential for growth and development.
Frequently Asked Questions
What is CapitaLand Investment Ltd (CLI) planning to invest in Maharashtra by 2030?
CLI plans to invest over Rs 19,200 crore (S$2.83 billion) in Maharashtra by 2030, focusing on business parks, data centers, logistics, and industrial assets.
When did CLI enter the Maharashtra market?
CLI entered the Maharashtra market in 2013 through the International Tech Park Pune, Hinjawadi, developed with the Maharashtra Industrial Development Corporation (MIDC).
What is CLI's broader India growth plan?
CLI’s broader India growth plan aims to expand its funds under management from over S$8 billion to about S$15 billion by 2028.
How many business parks does CLI currently operate in Maharashtra?
CLI currently operates five business parks in Maharashtra, with 9.7 million square feet of leasable space and plans to add 4.5 million square feet more.
What is the capacity of the Navi Mumbai data center?
The Navi Mumbai data center’s first tower has a capacity of 54 MW and is fully leased and operational. A second tower of similar capacity is in early development.
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