Singapore-headquartered real estate group CapitaLand is constructing two more data centres, developing logistics and warehouse facilities, expanding renewable energy generation and getting into lending business for residential property developers.

CapitaLand Investment India CEO Sanjeev Dasgupta said, "the merger of HDFC and HDFC Bank is expected to result in reduction in lending quantum for the residential real estate developers and it is an opportunity for CapitaLand.”

He said the business model will be just lending and not the Forward Purchase model (lend to the developer at a project’s early stage with a condition to acquire the property at the end) adopted in the case of some industrial/commercial projects.

Gauri Shankar Nagabhushanam, Chief Executive Officer, Business Parks-India, CapitaLand Investment India said, "We will be building data centres in Bengaluru (42 MW) and in Chennai (55 MW). The Chennai data centre will involve an outlay of Rs.2,000 crore.”

According to Aloke Buniya, CEO Ascendas Firstspace the group has planned 20-25 million square feet of logistics space in five years over 1,000 acres of land.