CapitaLand to Invest Rs. 19,200 Crore in Maharashtra by 2030

CapitaLand Investment, a Singapore-based real asset manager, has signed a Memorandum of Understanding (MoU) with the Maharashtra government to invest over Rs. 19,200 crore by 2030 in Mumbai and Pune commercial real estate.

The announcement coincided with the launch of CLI’s first data centre in India, located in Navi Mumbai, on August 12, 2025, attended by Singapore Deputy Prime Minister Gan Kim Yong and Maharashtra Chief Minister Devendra Fadnavis.

Key Highlights

• CLI signs MoU with Maharashtra for Rs. 19,200 crore investment by 2030
• First India data centre launched in Navi Mumbai on August 12.
• Focus on business parks, data centres, logistics, and industrial parks

The planned investment will focus on business parks, data centres, logistics, and industrial parks, reinforcing Maharashtra’s role as a hub for innovation, services, digital infrastructure, manufacturing, and logistics. CLI has operated in the state since 2013, beginning with the International Tech Park Pune, Hinjawadi, developed in partnership with the Maharashtra Industrial Development Corporation (MIDC).

“India is a core market for CLI, and Maharashtra, with its strong economic fundamentals and well-developed IT and industrial ecosystem, presents significant opportunities for us to grow our footprint. The state has been a steadfast partner in our growth journey over the past decade, and we value the strong support and collaboration," Sanjeev Dasgupta, CEO, CLI India, said.

"We will continue to scale our investments in Maharashtra through our listed trust, CLINT; our private funds; and the Ascendas-Firstspace platform. We look forward to strengthening our partnership and contributing further to Maharashtra’s commercial and industrial growth," Dasgupta added.

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Over the past decade, CLI has invested Rs. 6,800 crore (S$1 billion) across 10 assets in Mumbai and Pune. The new commitment forms part of CLI’s broader India growth strategy, aimed at expanding its funds under management and capitalising on the country’s rapid infrastructure and commercial development.