CapitaLand Investment to invest $2.83b in Maharashtra by 2030

The funds will focus on business parks, data centres, logistics, and industrial parks.

CapitaLand Investment Limited (CLI) has signed a memorandum of understanding with the Maharashtra Government to invest over $2.83b (INR19,200 crores) by 2030 in Mumbai and Pune.

The funds will focus on business parks, data centres, logistics, and industrial parks in Maharashtra, reflecting the state’s importance as a hub for innovation and infrastructure.

The new investment aligns with CLI’s goal to grow its funds under management in India from $8b to $15b by 2028.

CLI India CEO Sanjeev Dasgupta said Maharashtra offers strong growth opportunities due to its economic fundamentals and IT ecosystem.

The company also plans to increase its investments through its listed trust CLINT, private funds, and Ascendas‑Firstspace.

CLI began operations in Maharashtra in 2013 with the International Tech Park Pune, developed with Maharashtra Industrial Development Corporation (MIDC).

Since then, CLI has invested over $1b (INR6,800 crores) in 10 assets including business parks, data centres, and logistics facilities in Mumbai and Pune.

The announcement was made during the launch of CLI’s first data centre in Navi Mumbai. The event was attended by Singapore’s Deputy Prime Minister Gan Kim Yong, Maharashtra Chief Minister Devendra Fadnavis, CLI executives, and government officials.