Singapore-based real estate asset manager CapitaLand Investment has announced plans to invest approximately ₹192 billion (around $2.19 billion) in the commercial real estate markets of Mumbai and Pune by 2030. This announcement was made as part of the company’s broader growth strategy in India, where it aims to increase its funds under management to about S$15 billion by 2028 from the current level of over S$8 billion.
CapitaLand’s planned investments will focus on sectors such as business parks, data centres, logistics hubs, and industrial parks primarily in Maharashtra’s western region, where the company has operated since 2013. The company intends to scale up these investments through a combination of its listed real estate investment trust CLINT, private funds, and the Ascendas-Firstspace platform, a key vehicle for its industrial and logistics business.
Since its entry into the Mumbai and Pune markets, CapitaLand has already invested roughly ₹68 billion across 10 assets, covering business parks, data centres, and logistics facilities. Across India, the company operates more than 55 assets in IT parks, business parks, data centres, and other commercial real estate segments, demonstrating a strong foothold in the country’s growing urban infrastructure.
CapitaLand’s CEO Sanjeev Dasgupta highlighted that the new investments form a critical part of the company’s India growth roadmap and its commitment to supporting the country’s urban development and digital infrastructure expansion.
India remains a strategic market for CapitaLand, which has been present for over 30 years. The company’s focus on sectors such as data centres and logistics aligns with increasing demand driven by India’s digital transformation, e-commerce growth, and supply chain modernization.
With rapid urbanization and increasing demand for quality commercial real estate, cities like Mumbai and Pune continue to attract significant domestic and foreign investment. CapitaLand’s announcement underscores confidence in India’s long-term growth prospects and reflects the growing interest of global investors in the country’s real estate sector.
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