CapitaLand commits $2.1B to expand data centers and business parks in India. Asia Cloud reports how Mumbai and Pune power Asia’s digital infrastructure boom.
India’s data center investment landscape is heating up, and Asia Cloud is tracking the biggest moves shaping the region. CapitaLand Investment Limited (CLI) has announced a US$2.1B commitment in Maharashtra by 2030, aimed at scaling data centers, logistics, and business parks in Mumbai and Pune. This deal underscores India’s central role in Asia’s cloud and digital growth story.
Expanding India’s Digital Infrastructure
CLI is already a heavyweight in India, managing more than 31 million square feet of assets across business parks, logistics, and industrial facilities.
- In Mumbai, CLI launched its first 54MW data center tower, fully leased.
- A second 54MW facility is underway.
- Across India, CLI has four major projects in the pipeline, totaling 244MW of capacity.
According to JLL, India’s 870MW data center market (2024) is expected to triple to 2,600MW by 2029. Maharashtra is the anchor, with Mumbai leading due to subsea cable landings and its financial hub role, while Pune emerges as an IT-driven complement.
Beyond Data Centers
CapitaLand is also strengthening Maharashtra’s corporate real estate and logistics ecosystem:
- Business Parks: 5 operational parks spanning 9.7 million sq ft, with an additional 4.5 million sq ft planned.
- Logistics & Industrial: 5 million sq ft active, 17 million sq ft in the pipeline.
Market Context: Asia Cloud View
At Asia Cloud, we see India’s data center market as one of the fastest-growing in Asia, shaped by:
- Global hyperscalers (AWS, Microsoft Azure, Google Cloud)
- Financial institutions and OTT players
- Accelerating AI adoption and 5G rollout
- Rising pressure from data localization policies
CapitaLand’s $2.1B bet mirrors moves by Brookfield, Digital Realty, and Equinix, signaling fierce competition for capacity. Long-horizon capital is no longer circling India’s cloud market — it’s locking in.
Strategic Bet on Maharashtra
Maharashtra’s business-friendly policies and status as India’s financial capital make it a magnet for global players. By doubling down on Mumbai and Pune, CapitaLand is aligning with Asia Cloud’s forecast that these two cities will remain the country’s nerve centers for cloud growth and enterprise expansion.