This was mainly due to income contribution from aVance II Hinjawadi, Pune, which was acquired in March 2024; Building Q2 in Aurum Q Parc, Navi Mumbai, which was acquired in July 2024 and contribution from three assets acquired in 2023 - Block A in International Tech Park Hyderabad (ITPH); International Tech Park Pune – Hinjawadi and Industrial Facilities 2 and 3 at Mahindra World City, Chennai.
CapitaLand India Trust’s distributions per unit (DPU) in FY2024 rose by 6% y-o-y to 6.84 cents and by 3% y-o-y in 2HFY2024 to 3.2 cents. This is despite a 2% growth in the number of units to 1,342 million units.
CLINT’s FY2024 net property income (NPI) grew 16% y-o-y in INR terms INR12.9 billion and 14% in SGD terms to $205.6 million. In Indian Rupee terms, total property income for FY 2024 increased by 21% to INR17.4 billion.
