News
CapitaLand India Trust Diversifies Funding Sources With Rs 13 Bn Onshore Loan To Develop Its Navi Mumbai Data Centre


November 10, 2023: CapitaLand India Trust (CLINT) has secured a five-year construction loan of Rs 13 billion (approximately S$214 million1) from J.P. Morgan India to finance phase 1 development of its data centre in Navi Mumbai.
Construction of the data centre has commenced and is scheduled for completion by mid-2025. The data centre will have a power capacity of 108 MW to service global technology giants, cloud service providers and large domestic enterprise clients. Besides its data centre in Navi Mumbai, CLINT currently has three other data centres under development in India.


Sanjeev Dasgupta, Chief Executive Officer of CapitaLand India Trust Pte. Ltd. (the Trustee- Manager of CLINT), said: “CLINT remains disciplined in capital management. Securing this onshore loan in India would diversify our funding sources and help us to optimise our funding costs.”
Wai Mei Hong, Senior Country Officer and Head of Corporate Banking for J.P. Morgan Singapore said: “The financing of CLINT’s data centre in Navi Mumbai reinforces our commitment to support the long-term growth strategies of our clients. CLINT’s project also helps to pivot the transformation of the digital economy in India. We are very pleased to have partnered with CLINT on this milestone and look forward to our continued collaboration.”
-
News4 days ago
LIXIL celebrates architecture & design industry excellence at World Architecture Festival 2023
-
News1 week ago
Q3 2023 Housing prices up 10% YoY led by positive buying sentiment: CREDAI –Colliers – Liases Foras| Housing Price-Tracker Report Q3 2023
-
News3 weeks ago
Fractional Real Estate Can Reshape the Second Home Market in India
-
News3 weeks ago
Aparna Constructions and Estates Launches Aparna Greenscapes in Hyderabad, Plans Rs 1400 Crores Investment
-
News3 days ago
RBI Keeps Repo Rate Unchanged, Increases Growth Forecast In Its Monetary Policy
-
News2 weeks ago
Maha Govt’s New Housing Policy to Boost’ Housing For All’, New Investments in State’s RE: Maharashtra Housing Min
-
News4 days ago
Technology Can Speed Construction, Cut Costs, Make Labour More Efficient and Sustainable: Brigade Reap Propagate’23
-
News5 days ago
London Based YOO Worldwide Partners With Luxury Strategy-To-Sales Firm, SQUAREA, to Introduce Designer Residences to East India