CapitaLand Investment Limited (CLI), a global real asset manager, has signed a Memorandum of Understanding (MoU) with the Maharashtra Government, indicating its plans to invest more than INR19,200 crores ($2.2 billion) by 2030 to drive its growth in Mumbai and Pune.
CLI’s presence in Maharashtra commenced in 2013 with the launch of International Tech Park Pune, Hinjawadi (ITPP-H), developed in partnership with the Maharashtra Industrial Development Corporation (MIDC). Over the past decade, CLI has significantly expanded its footprint in Mumbai and Pune, investing over INR6,800 crores ($776 million) across 10 assets spanning business parks, data centers and logistics facilities.
The planned investments in Maharashtra are an integral part of CLI’s broader growth strategy for India, where the company aims to increase its funds under management from more than S$8 billion ($6.2 billion) to some S$15 billion ($11.7 billion) by 2028. They will be across business parks
