Project News Detail
| Project No : | 204135 |
|---|---|
| Project Title : | CapitaLand India Trust to invest Rs 1,000-cr in office project in Bengaluru |
| Company Name : | Private Company |
| Project Detail : | CapitaLand India Trust (CLINT) will invest Rs 1,000 crore in a 1.13 million sq. ft office project at Nagawara, Outer Ring Road, Bengaluru. The company has entered a forward purchase agreement with Maia Estates Offices, affiliated with Maia Group, a luxury residential developer. Under this arrangement, CLINT will fully fund the project’s development and receive interest on the funding at a rate higher than its borrowing cost. CLINT is expected to acquire the office space in the first half of 2030 post development and stabilisation, while Maia will retain the retail portion. |
| Project Location : | Bangalore - Karnataka - India |
| Project Estimation : | Refer Document |
| Status : | Announced |