CapitaLand launches $32.61 bn fund for Indian business parks

11 Aug 2023 CW Team

Singapore's CapitaLand Investment Limited (CLI) has introduced the CapitaLand India Growth Fund 2, targeting a significant $32.61 billion fund size. The fund's objective is to invest in high-quality Grade A business parks strategically located in key Indian cities.

In a strategic move, CLI has already secured a substantial $16.3 billion from a global institution, acquiring a 50% stake in the fund's initial closing. CLI's asset-light strategy is evident as it plans to retain a 20% stake as the sponsor, aligning its interests with investors.

The fund's first closing will contribute around $16.3 billion to CLI's funds under management. The seed asset for the fund is the International Tech Park Chennai, in which CLI acquired a 70% equity stake for $5.9 billion. This acquisition highlights CLI's commitment to premium real estate offerings.

The International Tech Park Chennai spans 2.6 million square feet and serves the IT and IT-enabled services sector. With Grade A office space, advanced infrastructure, and strong connectivity, the park is well-positioned as a hub. It will be developed in two phases, with the first phase expected to be completed by Q3 2023. CLI will manage the asset post-divestment, showcasing its comprehensive approach to investment.

Simon Treacy, CEO of Private Equity Real Estate at CLI, recognized India's dynamic economic landscape and urbanisation, emphasising the potential in business parks and new economy assets like data centres and logistics. CapitaLand's launch of the CapitaLand India Growth Fund 2 demonstrates its confidence in India's real estate market and its commitment to providing top-tier assets for evolving business needs.

Real Estate

31 Oct 2025

Birla Estates Tops Global GRESB 2025 Rankings

Birla Estates (BEPL), a wholly owned subsidiary of Aditya Birla Real Estate (formerly Century Textiles and Industries Limited), has been recognised as a Sector Leader in the 2025 GRESB Real Estate Assessment, securing top honours across multiple global and regional categories.Birla Estates’ Achievements in GRESB 2025:Global Sector Leader – ResidentialGlobal Sector Leader – Non-Listed ResidentialRegional Sector Leader – Asia – ResidentialRegional Sector Leader – Non-Listed – Asia – ResidentialThese distinctions reaffirm Birla Estates’ exceptional performance in Environmental, ..

Progota India Secures RDSO Clearance for Kavach 4.0

Concord Control Systems, one of India’s leading manufacturers of embedded electronic and critical system solutions, announced that its associate company, Progota India, has received Technical Prototype Clearance from the Research Designs and Standards Organisation (RDSO) for Kavach 4.0, the latest version of Indian Railways’ indigenous Automatic Train Protection (ATP) system.With this clearance, Progota has been formally approved to execute its ongoing trial order from South Central Railway, marking a key milestone in India’s railway modernization journey. The approval also establishes P..

MPS Interactive Systems Completes Full Acquisition of Liberate Group

MPS Interactive Systems (MPSi), a material subsidiary of MPS, has completed the acquisition of the remaining shareholding in the Liberate Group of Companies—comprising Liberate Learning, App-eLearn, and Liberate eLearning.With this transaction, MPSi now holds 100 per cent ownership of all entities within the Liberate Group, making them its wholly owned subsidiaries. The acquisition was executed in line with the valuation methodology defined in the original transaction documents.Commenting on the development, Rahul Arora, Chairman and CEO of MPS, said, “The corporate learning sector continu..