Singapore’s CapitaLand Investment announced on Wednesday its ambitious goal to more than double its funds under management (FUM) in India by 2028. As of June 30, the company managed S$7.4 billion ($5.66 billion) in funds in India. The announcement coincided with Prime Minister Narendra Modi‘s arrival in Singapore later that day.
This planned expansion in India aligns with CapitaLand’s broader global strategy. The real estate investment manager aims to reach a total of S$200 billion in FUM worldwide by 2028. The company’s Group CEO, Lee Chee Koon, highlighted India’s growing appeal as a destination for international corporations and institutional investors seeking high-quality real estate assets.
“The country is attracting demand from global corporations and institutional investors for quality real assets,” said Koon.
CapitaLand is not limiting its ambitions to traditional real estate investments. Koon also revealed that the company is considering entering new sectors in India, such as renewable energy and private real estate credit. These areas are expected to provide fresh growth opportunities as the company expands its footprint in the country.
In line with its expansion plans, CapitaLand launched a fund last month focused on business park development in India. This new fund is anticipated to add S$700 million to its total funds under management in the region, further strengthening its presence in the Indian market.
As CapitaLand Investment continues its growth strategy in India, more updates are expected in the coming months. The company’s aggressive expansion reflects India’s increasing importance as a global investment hub.
This is a developing story, and more details are awaited as CapitaLand executes its long-term vision for growth in the region.
