4 Sept 2024
CapitalLand Investment (CLI) announced plans to increase its funds under management (FUM) in India by more than double by 2028.
Singapore’s leading real estate enterprise, CapitalLand Investment, announced on August 28th its plans to more than double its investment in India by 2028. It will invest ₹45,000 crore in India in the next four years. This aligns with its goal of reaching $200 billion in FUM worldwide by 2028.
Currently, CLI has around $7.4 billion (₹45,880 crores) invested in India. This is expected to cross ₹90,280 crores by 2028. The announcement came on the occasion of CLI’s 30th anniversary in India and when Prime Minister Narendra Modi is visiting Singapore to strengthen the two nations' strategic and bilateral relations.
CLI began its journey in India 30 years ago with the launch of its first IT park, the International Tech Park Bangalore (ITPB), in association with Ascendas. India is one of CLI’s fastest-growing markets, and the company has witnessed its investments triple in the past seven years.