Singapore’s CapitaLand India Trust secures $157M to develop Navi Mumbai data center

Singapore's CapitaLand India Trust (CLINT) has secured a five-year construction loan of INR13 billion ($157 million) from J.P. Morgan India to finance phase 1 development of its data center in Navi Mumbai. Securing this onshore loan in India reflects CLINT’s disciplined capital management through a diversification of its funding sources.