Singapore-based real estate firm CapitaLand Ltd, which recently acquired property investment firm Ascendas-Singbridge, plans to double its asset under management in India to S$7 billion ( around $5bn) by 2024, said a top company executive.
Before the merger with Ascendas-Singbridge, CapitaLand has a presence in India through its lodging properties or service residences business. It currently has three operational and seven upcoming residences owned and managed by its lodging business unit under The Ascott Ltd.
