CapitaLand India Trust to Invest ₹1,000 Crore in Bengaluru Office Project

By: Shrutika Kadam

Date:

February 24, 2025

CapitaLand India Trust (CLINT) has announced an investment of ₹1,000 crore in a 1.13 million sq. ft office project at Nagawara, Outer Ring Road, Bengaluru. The company has entered into a forward purchase agreement with Maia Estates Offices, an affiliate of luxury residential developer Maia Group.

As part of the agreement, CLINT will fully fund the development of the office space and earn interest on the funding at a rate higher than its borrowing costs. The acquisition of the office space is scheduled for the first half of 2030, after the project’s development and stabilization. Meanwhile, Maia will retain ownership of the retail portion of the property.

This investment aligns with CLINT’s long-term strategy to expand its presence in India’s commercial real estate sector, particularly in Bengaluru, a key hub for technology and business. The development is expected to contribute to the city’s growing demand for premium office spaces, further strengthening its position as a leading business destination in India.

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