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CapitaLand Investment Ltd is set to pour a significant investment into Maharashtra, aiming to allocate more than INR 19,200 crore across key markets like Mumbai and Pune by 2030. This aligns with its India-wide growth ambition to nearly double funds under management to SGD 15 billion by 2028. The announcement coincided with the opening of its first data centre in Navi Mumbai. The firm, active in the state since 2013, has already invested over INR 6,800 crore across diverse assets and operates through multiple platforms including a listed trust, private funds, and Ascendas-Firstspace targeting infrastructure, digital hubs, and logistics.
CapitaLand Investment Ltd (CLI) has recently revealed a bold expansion plan for Maharashtra, announcing an investment exceeding INR 19,200 crore to be deployed by 2030 in Mumbai and Pune. This initiative follows the opening of the firm's first data centre in Navi Mumbai, marking a significant milestone in its regional strategy. Advertisement
This push is in harmony with CapitaLand's broader growth agenda in India, where it seeks to elevate its funds under management from above SDG 8 billion to about SDG 15 billion by 2028.
CLI's presence in Maharashtra dates back to 2013, when it launched the International Tech Park in Pune's Hinjawadi, a project in collaboration with the Maharashtra Industrial Development Corporation. Over the last decade, the firm has deployed more than INR 6,800 crore across Mumbai and Pune, spanning ten assets including business parks, data centres, and logistics facilities.
Currently, CLI has five operational business parks in the state with approximately 9.7 million sq ft of leasable area, and it plans to expand by another 4.5 million sq ft. Four of these parks ITPP-H, aVance Pune I & II, and Aurum Q Parc in Mumbai are under the CapitaLand India Trust (CLINT), while the Kharadi park in Pune is held under the Ascendas India Growth Programme.
On the data centre front, CLINT manages four facilities across Mumbai, Bengaluru, Chennai, and Hyderabad with a total power capacity of 244 MW, a reflection of growing demand for digital infrastructure.
In logistics and industrial assets, CLI operates five parks under Ascendas-Firstspace in Mumbai and Pune totaling 5.3 million sq ft, along with a 1.2 million sq ft warehousing park in Panvel through CLINT. Its development pipeline includes an ambitious 17 million sq ft of upcoming projects, targeting sectors like e-commerce, manufacturing, and third-party logistics.
The company remains committed to Maharashtra, viewing the state's robust economic fundamentals and mature IT-industrial ecosystem as key growth enablers. It plans to execute its strategy through varied vehicles, its listed trust, private funds, and the Ascendas-Firstspace platform.
Source PTI
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