A Singapore-based global real asset manager on Wednesday announced plans to more than double its fund under management (FUM) in India by 2028, up from the current level of nearly ?46,000 crore. The company outlined growth strategies to achieve this target, including expansion of IT parks and logistics parks, and exploring entry into the renewable energy segment.

Since entering India 30 years ago, the firm has built a well-diversified portfolio comprising over 40 IT and business parks, industrial, logistics, lodging, and data centre assets across eight cities, including Bengaluru, Chennai, Goa, Gurugram, Hyderabad, Kolkata, Mumbai, and Pune. The company currently operates multiple lodging properties across six cities and plans to open several more in the next 3–4 years.

The firm also intends to explore opportunities in adjacent business segments such as renewable energy and real estate private credit. Renewable energy is a fast-growing sector in India, with the government targeting 500 GW capacity by 2030, up from the current 111 GW.

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