Bengaluru Office Space: CLINT's Rs 1,000 Crore Investment Power Play

CapitaLand India Trust (CLINT) is set to invest Rs 1,000 crore in a 1.13 million sq. ft office development located at Nagawara, Outer Ring Road, Bengaluru.

The company has entered into a forward purchase agreement with Maia Estates Offices, part of the Maia Group, a renowned luxury residential developer. As part of the agreement, CLINT will fully finance the project’s construction and earn interest on its funding at a rate above its borrowing costs.

CLINT plans to acquire the office space in the first half of 2030, once the development is completed and stabilized. Meanwhile, Maia will retain ownership of the retail section of the development.

News by Rahul Yelligetti.