Singapore: CapitaLand India Data Centre Fund (CIDCF) has secured approximately S$150 million in equity commitments at its first close, marking a significant step in expanding its presence across India’s key data centre corridors.
Sponsored by CapitaLand Investment Limited (CLI), the development-focused fund targets data centre development opportunities aligned with India’s rapidly growing digital infrastructure requirements.
The CapitaLand India Data Centre Fund achieved its first close with participation from a third-party global institutional investor, alongside a general partner commitment from CLI. The fund is targeting a final close of around S$300 million.
Also Read: GW-Scale AI Data Centers: TCS HyperVault Secures INR 18,000 Crore Investment from TPG
CapitaLand India Data Centre Fund Acquires Minority Stake in Strategic Assets
Following the first close, the CapitaLand India Data Centre Fund will acquire a 20.2% interest in three data centre assets from CapitaLand India Trust (CLINT) for an estimated total purchase consideration of S$99.73 million (₹7.02 billion).
In addition, CIDCF will receive a right of first offer to acquire an interest in CLINT’s fourth data centre asset, CapitaLand DC Bangalore.
The three data centres are designed to be AI-ready, incorporating sustainable design features and built to meet the requirements of hyperscalers and large enterprise customers. Power has been secured for all three developments, which together will deliver a combined gross capacity of 200 megawatts (MW).
Overview of Data Centre Assets
- CapitaLand DC Mumbai – Tower 1 and Tower 2, Airoli, Navi Mumbai
- Tower 1: Completed – 34 MW IT / 50 MW Gross
- Tower 2: Under development – 37 MW IT / 55 MW Gross
- Tower 1: Completed – 34 MW IT / 50 MW Gross
- CapitaLand DC Chennai, Ambattur, Chennai
- Under development – 34 MW IT / 53 MW Gross
- CapitaLand DC Hyderabad, Madhapur, Hyderabad
- Under development – 27 MW IT / 42 MW Gross
Also Read: Google AI Hub in Visakhapatnam to Build Gigawatt-Scale Data Center, Create 30,000 Jobs
Strategic Positioning of CapitaLand India Data Centre Fund
Commenting on the development, Andrew Lim, Group Chief Operating Officer, CLI, stated that the successful first close highlights investor confidence in CLI’s investment and development strategy within India’s data centre sector.
He noted that India’s data centre capacity is expected to double by 2027, driven by cloud adoption, data localisation requirements, and the rapid expansion of AI-led workloads.
Hardik Gesota, Managing Director and Head, India Private Funds, CLI, said that the portfolio is strategically located in established data centre corridors with strong access to power and network connectivity.
He added that CLI’s more than 30 years of operating experience in India, combined with its global data centre expertise, positions the fund to meet growing demand for secure, scalable, and sustainable digital infrastructure.
Also Read: Equinix CN1: AI-Ready Data Center Launched in Chennai with USD 69M Investment
CLI’s India Portfolio
CLI maintains a diversified real estate portfolio across eight major Indian cities, including Bangalore, Chennai, Hyderabad, Mumbai, Pune, Gurgaon, Kolkata, and Goa.
Its India portfolio spans business parks, industrial and logistics assets, data centres, lodging, and coworking spaces, with funds under management of approximately S$8.4 billion as of 5 November 2025.
