CLINT Sells Chennai, Hyderabad Assets for Rs 11 Billion

01 Oct 2025 CW Team

Commercial real-estate trust CapitaLand India Trust (CLINT) has divested its stakes in CyberVale, Chennai, and CyberPearl, Hyderabad, to an unrelated third party for Rs 11 billion (approximately S$161.7 million). The two assets were sold at a 3 per cent premium to their independent valuations as of 31 December 2024. Net proceeds from the deal are expected to be Rs 10.8 billion (around S$158.8 million).

CyberVale comprises 0.8 million sq ft of IT Special Economic Zone space and 0.2 million sq ft of Free Trade Warehousing Zone in Mahindra World City, Chennai. CyberPearl is a 0.4 million sq ft IT park located in Hyderabad’s HITEC City. Combined, the properties span about 1.4 million sq ft.

Gauri Shankar Nagabhushanam, CEO of CapitaLand India Trust Management Pte. Ltd., said: “The successful divestment of CyberVale and CyberPearl marks the start of our capital recycling strategy to optimise CLINT’s portfolio and strengthen financial flexibility. The proceeds give us the option to reduce debt, reinvest in higher-yielding projects, and enhance unitholder distributions. With our strong financial position, we will continue to look for attractive investments to deliver sustainable returns.”

After the transaction, CLINT’s completed portfolio will cover 21.2 million sq ft. In Chennai, the trust will retain International Tech Park Chennai, three industrial facilities, and a data centre under development. In Hyderabad, the portfolio will include International Tech Park Hyderabad, aVance Hyderabad, and a data centre under development.

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

G R Infraprojects Secures Rs 4,130 Million BESS Contract From NTPC

G R Infraprojects said it has secured a contract from NTPC to supply and implement a battery energy storage system (BESS) valued at Rs 4,130 million (mn). The company reported the order was awarded as part of NTPC's ongoing efforts to enhance grid flexibility and energy storage capacity. The contract represents a notable addition to the firm's project pipeline and underscores demand for utility scale storage solutions. The award is expected to strengthen G R Infraprojects' presence in the energy infrastructure sector and to contribute to the firm's order book and future revenues, subject to st..