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

Equipment

03 Jun 2026

John Crane Retrofit Cuts Water Use at Copper Mine Pump

John Crane has retrofitted a mechanical seal on a large underflow thickener slurry pump at a major copper mining operation, reducing sealing water consumption by around 288,000 litres per day while improving maintenance efficiency on a critical asset.The retrofit replaced the pump's traditional stuffing box arrangement, which required shaft sleeve replacement every four months due to abrasive wear. These maintenance activities involved significant downtime, a 100-tonne crane and extensive manpower.John Crane developed a mechanical seal package that could be installed without modifying the exis..

Resources

03 Jun 2026

TKIL Industries Appoints Gaurav Srivastava as CFO

TKIL Industries has appointed Gaurav Kumar Srivastava as Chief Financial Officer (CFO), effective 1 June 2026. He succeeds Ketan Pendse, Chief Financial Officer and Whole-time Director, who is stepping down after more than two decades with the company. Srivastava previously served as Executive Vice President, Finance & Taxation.Announcing the appointment, Vivek Bhatia, Managing Director & CEO, TKIL Industries, thanked Pendse for his long-standing contribution to the organisation and wished him success in his future endeavours.Bhatia said, “Gaurav’s appointment reflects our continued focus ..

Technology

03 Jun 2026

Siemens Launches Intelligence Center X for AI

Siemens has launched Intelligence Center X, an industrial AI orchestration software designed to help organisations move from isolated AI pilots to scalable business impact. The software enables people and AI agents to work together through shared context, workflows and lifecycle intelligence.Part of Siemens Xcelerator, Intelligence Center X connects industrial data, models and workflows on a governed foundation, allowing companies to deploy AI-driven applications and agents with traceability and control. It combines the Mendix low-code platform with Siemens’ Graph Studio and AI Studio softwa..