The investment strategy will be to develop high-quality offices in the major cities of India that are not only economic hubs but also seeing rapid growth in technology-oriented activities and companies. The companies also committed to set up workplaces that are in sync with sustainability benchmarks. Mapletree's Regional Chief Executive Officer, India, Quek Kwang Meng said that the collaboration would strengthen its presence in India, and expand its portfolio in the commercial sector efficiently, "which we believe has good growth potential in the coming years." George Agethen, Co-Head Asia-Pacific at Ivanhoé Cambridge said it was part of the fund's overall growth plans for the Asia-Pacific region and would help in diversifying its portfolio and provide resilience to its returns. Investments in commercial real estate in India are being fuelled by multinational corporations setting up global capability centres, innovation labs, and research and development centres.