CapitaLand's Bold Expansion in India: Real Estate Giant to Invest Over Rs 90,280 Crore by 2028

CapitaLand, a Singapore-based diversified real estate group, plans to double its investment in India to over Rs 90,280 crore by 2028. This move follows recent efforts to strengthen strategic partnerships and attract investment in India's growing market. CapitaLand sees India as a key contributor to their business growth.

Singapore-based diversified real estate group CapitaLand is poised to more than double its investment in India, committing over Rs 90,280 crore by 2028. This strategic decision was confirmed by the city's envoy to India, signaling a robust confidence in the Indian market.

Sharing the news on platform X, High Commissioner Simon Wong highlighted the significance of Singaporean firms doubling their investments in India. ''Singapore's CapitaLand, one of Asia's leading real estate groups, plans substantial fund growth under management in India, exceeding S$14.8 billion by 2028,'' Wong said, referencing The Edge newspaper.

The announcement aligns with Prime Minister Narendra Modi's recent Singapore visit aimed at strengthening India-Singapore strategic ties. CapitaLand Investment (CLI) aims to double its funds under management from USD 7.4 billion to achieve USD 200 billion by 2028. CLI CEO Lee Chee Koon stressed India's importance: ''India is a strategic market and a key growth driver.'' CLI India CEO Sanjeev Dasgupta added the firm would capitalize on India's digital economy surge, focusing on logistics, business parks, and data center funds.

(With inputs from agencies.)