Singapore-based CapitaLand India Trust (CLINT) will provide around Rs 1,000 crore fund in a commercial project being developed by Maia Group in Bengaluru. In a statement on Friday, CLINT said it has "entered into a forward purchase agreement with Maia Estates Offices Pvt Ltd to acquire an office project at Nagawara, Outer Ring Road (ORR), Bengaluru". Maia Estates Offices is an affiliate of Bengaluru-based luxury residential developer Maia Group. Sitting on a land parcel of about 4.6 acres, the office complex is part of a mixed-used development with a total net leasable area of approximately 1.36 million sq ft. The mixed-use development is a flagship commercial project of Maia, comprising office and retail space with net leasable areas of 1.13 million sq ft and 0.22 million sq ft respectively. "As part of the forward purchase arrangement, CLINT will fully fund the development of the office project and receive interest on the funding at a rate which is higher than its borrowing cost