CapitaLand Investment, located in Singapore, intends to collect nearly $300 million (about Rs 2,500 crore) through one of its private funds for the construction of IT and business parks in India. Since 2018, CapitaLand Investment, which oversees more than $100 billion in real estate assets, has raised over $600 million to pay for asset purchases and the expansion of its Indian real estate portfolio. A fund of $300 million raised in 2018 has been fully invested in warehousing and logistics assets; however, a fund of a similar size raised in 2022 will be invested in similar assets in India over the course of the next 6-7 years.

Gauri Shankar Nagabhushanam, CEO of CapitalLand Investment (India), said to businessline that the anticipated fund raise was still in the planning stages. The asset developer and manager currently holds assets worth about $3 billion in India through its Singapore-listed real estate investment trust CapitaLand India Trust, which it plans to double to $6 billion over the next three to four years. During this time, it also plans to significantly increase its real estate holding from the current 17 million sq ft (msf). The pipeline for its business parks is about 11 msf, and for its industrial parks, it is about 15 msf.

The asset management expands its portfolio in India using a twin approach. In the first, it purchases land and develops it through "greenfield" programmes. In the second tactic, developed properties are purchased from owners through forward purchases. For instance, it got into a deal with L&T Realty last November to purchase 6 msf of office space in Mumbai, Chennai, and Bengaluru. It signed a forward contract in January to buy a 1 msf IT park in Bengaluru.

The company has a land bank of 500–600 acres as a result of its land acquisition strategy, which will be used to build its real estate holdings in India. The asset manager will be building around 8 msf through third-party acquisitions out of the overall pipeline for the next 3–4 years.