From News Desk
CapitaLand Investment Limited (CLI), a real asset manager, has raised approximately S$150 million equity in the first close of its CapitaLand India Datacentre Fund (CIDCF). CIDCF focuses on datacentre development opportunities within India’s key datacentre corridors.
CIDCF held a first close of approximately S$150 million anchored by a third-party global institutional investor, with a GP commitment from CLI. The fund is targeting a final close of approximately S$300 million.
With the first close, CIDCF will acquire a 20.2% interest in each of the three datacentres, from CapitaLand India Trust (CLINT) for an estimated total purchase consideration of S$99.73 million ( Rs 7.02 billion, according to the current rate of 1 Singaporean Dollar =Rs 70.12). Additionally, CIDCF will have right of first offer on acquiring an interest in CLINT’s fourth datacentre in Bangalore, viz., CapitaLand DC Bangalore.
The three datacentres will be AI-ready with sustainable design features; and shall be able to meet the demands of hyperscalers and large enterprises in the region. Power has been secured for all three projects which will have a combined gross capacity of 200 megawatts (MW).
The three datacentres are –
| Data Centre Asset | Status | Location | Power Capacity (IT / Gross) |
| CapitaLand DC Mumbai Tower 1 and Tower 2 | Tower 1: Completed Tower 2: Under development | Airoli, Navi Mumbai | Tower 1: 34 / 50 MW Tower 2: 37 / 55 MW |
| CapitaLand DC Chennai | Under development | Ambattur, Chennai | 34 / 53 MW |
| CapitaLand DC Hyderabad | Under development | Madhapur, Hyderabad | 27 / 42 MW |
Andrew Lim, Group Chief Operating Officer for CLI said, “The successful first close and investor’s support in CIDCF underscore CLI’s investment and development strategies to shape India’s dynamic datacentre landscape. India has emerged as a hotspot for datacentre investment, driven by Cloud adoption, data localisation and the rapid growth of AI-led workloads. The country’s datacentre capacity is expected to double by 2027. With three prime assets currently under development and power secured, CIDCF offers an attractive prospect for private capital to participate in this growth opportunity.”
Hardik Gesota, MD and Head, India Private Funds, CLI said, “CIDCF’s portfolio is strategically located within India’s established datacentre corridors with access to power and network connectivity. It is poised to meet growing demand from hyperscalers and enterprise customers. CLI has gained deep experience operating in India for over 30 years. Tapping our global datacentre operating excellence, we are also well-positioned to meet market demand for cutting-edge, secure and sustainable data infrastructure. With CLI’s combined real estate, investment and datacentre expertise, we remain confident in delivering attractive and long-term value for stakeholders.”
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