CapitaLand Investment Limited (CLI) has secured S$150 million at the first close of its CapitaLand India Data Centre Fund (CIDCF). This marks a significant step in the company's strategy to scale its data center platform in India, driven by increasing demand for cloud adoption, data localization, and artificial intelligence. The fund is targeting a final close of S$300 million.

The first close was supported by a commitment from a third-party global institutional investor, along with a general partner commitment from CLI. Following the initial closing, CIDCF will acquire a 20.2% stake in three data center projects from CapitaLand India Trust (CLINT) for S$99.73 million.

These data centers are strategically located in Navi Mumbai, Chennai, and Hyderabad. The facilities are designed to be AI-ready and incorporate sustainable design features, catering to hyperscalers and large enterprises. Together, the projects will have a combined gross power capacity of 200 megawatts (MW). Power has already been secured for all three developments.

In Navi Mumbai's Airoli, CapitaLand DC Mumbai consists of two towers. Tower 1 is already complete, offering an IT capacity of 34 MW and a gross capacity of 50 MW. Tower 2 is under development and will add 37 MW of IT capacity with a gross capacity of 55 MW. The Chennai project, CapitaLand DC Chennai, is located in Ambattur and is currently under development, featuring an IT capacity of 34 MW and a gross capacity of 53 MW. The Hyderabad data center, located in Madhapur, will provide 27 MW of IT capacity and 42 MW of gross capacity.

CIDCF will also have the right of first offer to acquire an interest in CLINT's fourth data center asset in Bengaluru, CapitaLand DC Bangalore.

India's data center capacity is expected to double by 2027, fueled by cloud adoption, data localization requirements, and the growth of AI-led workloads. This substantial capital injection is expected to accelerate the development of crucial digital infrastructure in India, supporting the expansion of cloud services, advancements in AI, and enhanced data processing capabilities for businesses. The investment also signals strong international investor interest in India's technology and real estate sectors, potentially leading to further job creation and economic growth within the digital economy.

CLI has a diversified real estate portfolio in India, including business parks, industrial and logistics facilities, lodging, and coworking assets, with approximately S$8.4 billion in funds under management as of November 5, 2025.