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Singapore’s CapitaLand Investment plans to invest ₹90,200 crore into India by 2028
CapitalLand Investment plans to invest over ₹90,200 crore in India by 2028. The goal of the investment strategy is to double its funds under management (FUM) in India amounting to S$7.4 billion.
The move signifies the target of the company to reach S$200 billion in FUM by 2028.
Mr Lee Chee Koon, Group Chief Executive Officer, CLI said, “India is a strategic market for us and a key contributor to CLI’s overall business. India has been one of our fastest growing markets, where our investments have tripled in the last seven years. With India’s GDP forecasted to grow 7% in 20242 and its trajectory to be the world’s third-largest economy in the next five years3, the country is attracting demand from global corporations and institutional investors for quality real assets.”
Koon added, “Given our deep expertise in the country and the strong tailwinds, we are confident of more than doubling our current FUM of S$7.4 billion in India by 2028. This is also aligned with our priority on geographical diversification to achieve better capital rebalancing. As a long-term investor in India, we not only invest in the assets but also contribute significantly to the economic development of the country. We actively reach out to global corporations and through our activities and assets, attract many international players to invest and create good quality jobs in India."
CapitalLand Investment for India
Previously, CapitalLand Investment initiated a fund aimed at the development of business parks in India. The significant move contributed S$700 million for its FUM.
The company revealed its intentions to sell 50% stake in ION Orchard. The property is worth S$1.85 billion, a part of CapitalLand Investment’s strategy.
ION Orchard's sale is a step towards CLI's ambition to reinvest S$3.6 billion in its holdings this year, exceeding its yearly objective of S$3 billion. This led to an increase in share price by 4.8% achieving the largest daily increase since mid-July.
About CapitalLand Investment
CapitaLand is a Singaporean real estate investment and management firm with operations in more than 40 countries.