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CapitaLand buys one of India’s largest tech parks

The real estate is home to some of Asia’s largest multinationals including Infosys Ltd., Synechron Technologies Pvt. Ltd. and Tata Consultancy Services Ltd.

By João Marques Lima

Founder and Editor, The Tech Capital

3 Mins

January 09, 2023 | 12:02 AM GMT

CapitaLand buys one of India’s largest tech parks

Ascendas IT Park (Pune). Source: Capitaland

CapitaLand Investment (CLI)’s wholly-owned subsidiary Ascendas India Development VII1 and its joint venture partner Maharashtra Industrial Development Corporation (MIDC) have entered into separate agreements with CapitaLand India Trust (CLINT) to divest their respective 78.5% and 21.5% shareholding in Ascendas IT Park (Pune) to CLINT for approximately INR13.5 billion (S$221.9 million; US$165.8 million).

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João Marques Lima

Founder and Editor, The Tech Capital

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