Private Equity

PE-RE Fund Investments

Singapore's CapitaLand invests Rs.1,400-Cr to set up tech park in Chennai

Financial Express  

Singapore-headquartered global real estate investment manager CapitaLand Investment (CLI) has launched an office space project at an investment of INR 1,400 crore, in Chennai. Called the International Tech Park Chennai (ITPC), located on Radial Road, the project will be developed in two phases: phase I containing two blocks of 1.3 million sq ft each will be operational by Q2 of 2023, while the two blocks of phase II are expected to be operational by Q4 of 2024. The company has also committed INR 1,200 crore for its data centre which is coming up in Mumbai. It is also looking at data centre projects in Chennai, Hyderabad and Bengaluru.