CapitaLand, a Singapore based property management companies is keen on the Indian market. The company announced that it has established a $600 million fund to invest in mall developments in India. CapitaLand holds a 45% stake in CapitaRetail India Development Fund, while the balance of the stake is held by different insurance companies, pension funds and corporations.

According to Liew Mun Leong, Chief Executive of CapitaLand, “We are conscious of the vast opportunities presented by India’s retail real estate market, driven by the country’s strong macro-economic growth and rapid urbanization. Over time, we expect to deepen our retail and fund management presence in India to become a significant long-term retail real estate player there.”