Singapore - December 31, 2025 - CapitaLand Investment (CLI) has raised about SGD 150 million (~ USD 110 million) at the first close of its India-focused data center fund and agreed to acquire minority stakes in three data center assets, underscoring growing investor appetite for digital infrastructure in the country.
According to filings and company disclosures reported by Indian and regional media, the newly established CapitaLand India Data center Fund (CIDCF) will use the proceeds to acquire a 20.2% stake in three data center projects from CapitaLand India Trust (CLINT) for approximately SGD 99.73 million (~USD 77.62 million). The transaction forms part of a broader capital recycling strategy within the CapitaLand group.
The three assets are located in Navi Mumbai (Airoli), Chennai (Ambattur) and Hyderabad (Madhapur), markets that are among India’s fastest-growing data center hubs due to strong demand from hyperscalers, cloud service providers and enterprise customers. Once fully developed, the sites are expected to deliver a combined gross capacity of around 200 megawatts, with secured power designed to support high-density and AI-ready workloads.
CLI said the first close marks an important milestone for the fund, which is targeting a final close of about SGD 300 million (~USD 233.44 million), indicating further capital raising is expected. The fund is structured to allow third-party investors to gain exposure to stabilised and development-stage data center assets in India, while leveraging CapitaLand’s operating platform and local market presence.
Industry observers note that India has emerged as a key destination for global data center investment, driven by rapid growth in cloud adoption, data localisation requirements and the early rise of artificial intelligence workloads. Major cities such as Mumbai, Chennai and Hyderabad have seen sustained land acquisition and capacity announcements over the past two years, alongside increased scrutiny of power availability and sustainability.
For CapitaLand India Trust, the partial divestment allows it to recycle capital while retaining operational involvement in the assets. Business Times reported that CLINT will continue to hold majority ownership and benefit from future development upside as demand for capacity increases.
CLI executives have previously highlighted digital infrastructure as a core growth pillar for the group, alongside logistics and new economy assets. The India data center fund complements CapitaLand’s broader global data center strategy, which spans Asia-Pacific, Europe and the United States.
The transactions are expected to be completed following customary regulatory approvals, with the fund positioned to pursue additional investments as India’s data center market continues to scale over the coming decade.
