CapitaLand to Invest $1.15 Billion in Indian Data Centres Over Next 3–4 Years
Singapore-based CapitaLand Investment (CLI) has unveiled plans to invest approximately $1.15 billion in developing data centres across India, aiming to build a total capacity of 244 megawatts (MW) within the next three to four years. This move aligns with CLI’s broader strategy to double its total investments in India by 2028.
As of June-end, CLI managed assets
worth $5.7 billion in India and now seeks to double this figure over the next four years. The company plans to strategically allocate capital across sectors such as business and IT parks, logistics and warehouses, data centres, and lodging, while also exploring opportunities in renewable energy and real estate private credit. Growth in India will be spearheaded by the CapitaLand India Trust, a Singapore-listed property trust.
A substantial portion of the planned investment will go towards data centres, given their capital-intensive nature. CLI made its entry into India’s data centre space in 2021 and is currently building facilities in Mumbai, Chennai, Hyderabad, and Bengaluru. The first operational centres in Navi Mumbai and Hyderabad are slated to go live next year.
According to Sanjeev Dasgupta, CEO of CapitaLand Investment, India,
“We can scale up this business even further.”
CLI is also planning to launch a dedicated data centre fund, while seeking third-party investor participation to support the expansion.
Beyond data centres, CLI has developed more than 23 million square feet of IT park space across 14 locations and maintains a land bank of 16 million square feet earmarked for premium office developments. The company plans to raise third-party capital through new private funds to support greenfield developments and is open to forming joint ventures with capital partners.
CLI’s logistics vertical includes an operational footprint of around 10 million square feet, with an additional 14 million square feet under development. The company is actively scouting for acquisition opportunities to fast-track growth in this segment.
Additionally, CLI is closely observing the REITs (Real Estate Investment Trusts) and InvITs (Infrastructure Investment Trusts) markets in India, where it hopes to leverage its strong track record as a REIT pioneer in Singapore.
.png)
