CapitaLand to Double Investment in India by 2028 as It Celebrates 30 Years of Growth

Singapore's CapitaLand Investment (CLI), one of Asia's largest diversified real estate groups, has announced ambitious plans to more than double its funds under management (FUM) in India by 2028. As of June 30, 2024, the company’s FUM in India stands at S$7.4 billion (approximately ₹45,880 crore). CapitaLand aims to increase this figure to over S$14.8 billion (₹90,280 crore) within the next four years, reflecting the company’s confidence in India's growth potential.

This significant investment strategy was revealed during a celebratory event in Mumbai, where CapitaLand marked its 30th anniversary in India with business partners, investors, and staff. The event highlighted the company's long-standing commitment to the Indian market and its plans for future expansion. CapitaLand’s Group CEO, Lee Chee Koon, emphasized India’s strategic importance to the company, noting that the country's rapid growth has made it one of CLI’s fastest-growing markets. Over the past seven years, CapitaLand's investments in India have tripled, underscoring the country’s role as a key contributor to the company’s overall business.

The announcement also highlighted CapitaLand’s intention to explore new business segments in India, including renewable energy and real estate private credit. These ventures are expected to diversify the company’s income streams and further cement its presence in the Indian market. The move into adjacent business segments aligns with CapitaLand's broader strategy of growth and diversification, ensuring that the company remains at the forefront of India's rapidly evolving economic landscape.

CapitaLand's history in India dates back 30 years when it pioneered the development of business parks in the country. Since then, the company has built a well-diversified portfolio that includes over 40 IT and business parks, industrial and logistics facilities, lodging, and data centre assets across eight major cities: Bangalore, Chennai, Goa, Gurgaon, Hyderabad, Kolkata, Mumbai, and Pune. This extensive presence has positioned CapitaLand as a significant player in India’s real estate and infrastructure sectors.

Singapore's High Commissioner to India, Simon Wong, also acknowledged CapitaLand's achievements, expressing optimism about the company's future investments in the country. He highlighted the importance of continued investments in strengthening the economic ties between Singapore and India.

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CapitaLand’s commitment to doubling its investments in India by 2028 reflects its confidence in the country’s long-term growth prospects. As the company continues to expand its footprint and diversify its business operations, it is poised to play an even more prominent role in India’s economic development. Investors and stakeholders can look forward to CapitaLand’s continued contributions to the growth of India's real estate and infrastructure sectors.

Source: CNBC-TV18