Singapore-listed CapitaLand India Trust (CLINT) is significantly expanding its footprint in India with plans to develop seven new IT park projects across key cities. This move signals a strengthened focus on the Indian market, which CapitaLand believes is poised for substantial growth.
According to CLINT's chief executive, Gauri Shankar Nagabhushanam, the company's upcoming projects will add approximately 7.26 million sq ft of floor area to its portfolio. These projects are strategically located in Bengaluru (three projects), Hyderabad (two projects), and Chennai (one project).
In January 2025, CapitaLand announced a Rs 450 crore investment to develop a state-of-the-art, one million square foot IT park in Hyderabad. The announcement followed a high-level meeting in Singapore attended by Telangana Chief Minister A. Revanth Reddy, IT Minister D. Sridhar Babu, and senior CapitaLand executives. Chief Minister Reddy welcomed the investment, highlighting its importance in reinforcing Hyderabad's position as a leading business and technology hub. The IT park aims to cater to the increasing demand from Global Capability Centres (GCCs) and blue-chip companies seeking premium facilities.
CapitaLand already has a strong presence in Hyderabad, operating three prominent business parks: International Tech Park Hyderabad (ITPH), aVance Hyderabad, and CyberPearl. Additionally, their previously announced 25 MW IT load data center in Hyderabad is on track to become operational by mid-2025. The second phase of redevelopment at International Tech Park Hyderabad is scheduled to commence this year and is expected to be completed by 2028.
In Navi Mumbai, CapitaLand India Trust completed the acquisition of an asset in an IT park following a forward purchase agreement. The acquired office tower was developed by Aurum Ventures. In March 2025, CLINT also completed the acquisition of the first phase of an IT Park asset in Pune's Hinjewadi. As of March 2025, CapitaLand India Trust's assets under management were valued at approximately S$3.1 billion (Rs 19,270 crore). The overall portfolio includes 10 IT business parks, three industrial facilities, one logistics park, and four data center developments in India, with a total floor area of about 21.0 million square feet.
These expansions align with CapitaLand's broader strategy to strengthen its presence in the Indian market. Nagabhushanam stated that the time for India has come, and it has become a core focus for CapitaLand, which will lead to increased activity in the region.
