CapitaLand Investment to raise $300 million for IT, business parks

19 May 2023 CW Team

Singapore-based CapitaLand Investment is planning to raise around $300 million (about ₹2,500 crore) through one of its private funds to develop IT and business parks in India.

CapitaLand Investment, which manages real estate assets worth over $100 billion, has already raised around $600 million since 2018 to fund its asset purchases and develop its portfolio of real estate in India.

A fund of $300 million raised in 2018 has been fully deployed in logistics and warehousing assets, and a similar amount raised in 2022 will be deployed in similar assets in India over the next 6-7 years.

CapitaLand Investment's CEO of India Business Parks, Gauri Shankar Nagabhushanam, said that the planned fund raise is a work in progress.

CapitaLand Investment, through its Singapore-listed real estate investment trust CapitaLand India Trust, holds assets worth about $3 billion in India, which it plans to double to $6 billion over the next 3-4 years. It also plans to substantially increase its real estate holding from the current 17 million square feet (msf).

The asset manager follows a twin strategy in growing its portfolio in India. The first is through greenfield projects, where it buys land and develops it. The second strategy involves forward purchases, where it buys developed properties from an owner.

For instance, in November 2022, it entered into an agreement with L&T Realty to buy 6 msf of office assets in Mumbai, Chennai and Bengaluru. In January 2023, it entered into a forward agreement to acquire a 1 msf IT park in Bengaluru.

As a result of its land acquisition strategy, the company has a land bank of 500-600 acres, which will be used to develop its real estate assets in India. Of the total pipeline for the next 3-4 years, the asset manager will be developing about 8 msf through third-party acquisitions.

Also Read
Land issues pose challenges for MCL's coal corridor project
LIC Housing Finance expands branches, focuses on LAP & recovery

Singapore-based CapitaLand Investment is planning to raise around $300 million (about ₹2,500 crore) through one of its private funds to develop IT and business parks in India.CapitaLand Investment, which manages real estate assets worth over $100 billion, has already raised around $600 million since 2018 to fund its asset purchases and develop its portfolio of real estate in India.A fund of $300 million raised in 2018 has been fully deployed in logistics and warehousing assets, and a similar amount raised in 2022 will be deployed in similar assets in India over the next 6-7 years.CapitaLand Investment's CEO of India Business Parks, Gauri Shankar Nagabhushanam, said that the planned fund raise is a work in progress.CapitaLand Investment, through its Singapore-listed real estate investment trust CapitaLand India Trust, holds assets worth about $3 billion in India, which it plans to double to $6 billion over the next 3-4 years. It also plans to substantially increase its real estate holding from the current 17 million square feet (msf).The asset manager follows a twin strategy in growing its portfolio in India. The first is through greenfield projects, where it buys land and develops it. The second strategy involves forward purchases, where it buys developed properties from an owner.For instance, in November 2022, it entered into an agreement with L&T Realty to buy 6 msf of office assets in Mumbai, Chennai and Bengaluru. In January 2023, it entered into a forward agreement to acquire a 1 msf IT park in Bengaluru.As a result of its land acquisition strategy, the company has a land bank of 500-600 acres, which will be used to develop its real estate assets in India. Of the total pipeline for the next 3-4 years, the asset manager will be developing about 8 msf through third-party acquisitions.Also ReadLand issues pose challenges for MCL's coal corridor projectLIC Housing Finance expands branches, focuses on LAP & recovery

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Infrastructure Energy

06 Apr 2026

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Real Estate

06 Apr 2026

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..