CapitaLand Announces Rs 450 Crore IT Park in Hyderabad: A Major Boost for the City's Tech Ecosystem
Telangana Chief Minister Revanth Reddy welcomed the significant investment by CapitaLand, describing it as a landmark move that solidifies Hyderabad's status as a top business and technology hub.
CapitalandIt ParkHyderabadTechnology HubReal Estate InvestmentReal Estate NewsJan 20, 2025
The project, which will span 1 million square feet, is set to cater to the growing demand from Global Capability Centers (GCCs) and leading corporations seeking top-tier facilities.
The announcement was made at a high-level meeting in Singapore, attended by Telangana Chief Minister A Revanth Reddy, IT Minister D Sridhar Babu, state officials, and senior CapitaLand executives, including Gauri Shankar Nagabhushanam, CEO & ED of CapitaLand India Trust Management Pte.
Ltd.
Chief Minister Revanth Reddy expressed his enthusiasm, stating that this investment is a significant milestone in reinforcing Hyderabad's position as a leading business and technology hub.
Gauri Shankar Nagabhushanam highlighted CapitaLand's commitment to expanding its footprint in Hyderabad, emphasizing the city's vibrant ecosystem and the company's dedication to delivering sustainable and world-class infrastructure.
The new IT park will complement CapitaLand's existing portfolio in Hyderabad, which includes International Tech Park Hyderabad (ITPH), aVance Hyderabad, and CyberPearl.
CapitaLand's previously announced 25 MW IT load data center in Hyderabad is on track to become operational by mid-2025, further enhancing the city's tech infrastructure.
Additionally, the second phase of redevelopment at International Tech Park Hyderabad (ITPH) is scheduled to begin this year, with completion expected by 2028.
These developments align with Hyderabad's strategic vision to attract more global businesses and foster a robust tech ecosystem.
The new IT park is poised to provide cutting-edge facilities that will support the city's growth and innovation, making it an even more attractive destination for international companies.
CapitaLand's investment not only reflects confidence in Hyderabad's potential but also underscores the city's appeal as a hub for advanced technology and business services.
With this project, CapitaLand aims to contribute significantly to the economic development of the region and create a sustainable environment for businesses to thrive.
Frequently Asked Questions
What is the total investment by CapitaLand for the IT park in Hyderabad?
The total investment by CapitaLand for the new IT park in Hyderabad is Rs 450 crore.
When is the new IT park expected to be completed?
The new IT park is expected to be completed and operational by mid-2025.
Who attended the high-level meeting in Singapore where the investment was announced?
The high-level meeting in Singapore was attended by Telangana Chief Minister A Revanth Reddy, IT Minister D Sridhar Babu, state officials, and senior CapitaLand executives, including Gauri Shankar Nagabhushanam, CEO & ED of CapitaLand India Trust Management Pte. Ltd.
What other projects is CapitaLand currently developing in Hyderabad?
CapitaLand is also developing a 25 MW IT load data center in Hyderabad, which is expected to be operational by mid-2025. Additionally, the second phase of redevelopment at International Tech Park Hyderabad (ITPH) is set to commence this year and will be completed by 2028.
How does this investment by CapitaLand benefit Hyderabad's tech ecosystem?
This investment by CapitaLand will provide state-of-the-art facilities for Global Capability Centers (GCCs) and blue-chip companies, enhancing Hyderabad's position as a leading business and technology hub. It will also support the city's strategic vision to attract more global businesses and foster a robust tech ecosystem.
Related News Articles
ED Launches Search Operations in Indore and Ujjain to Tackle Illegal Cricket Betting
The Enforcement Directorate (ED) has launched a series of search operations in Indore and Ujjain, Madhya Pradesh, to investigate and dismantle illegal cricket betting networks. These operations are based on an FIR filed by the Ujjain Police.
Pune's 34 Newly Included Villages Face Infrastructure Struggles Amid Bureaucratic Delays
Pune's expansion to include 34 villages within the Pune Municipal Corporation (PMC) has brought new challenges. Residents of these newly included areas are grappling with inadequate infrastructure and slow bureaucratic processes.
Lodha Realty Stock Surges 5% Following ₹279 Crore Land Acquisition in Mumbai
Lodha Group, a leading real estate developer in India, has seen its stock jump by 5% after announcing the acquisition of land worth ₹279 crore in Mumbai. This strategic move is expected to bolster the company's development pipeline and further solidify it
Recurring Tech Issues Disrupt Online Rent Agreement Registrations in Maharashtra
Technical glitches have once again disrupted the online registration process for leave and license agreements in Maharashtra, causing frustration among real estate agents and service providers. The state government's mandate for digital registration has faced multiple challenges, affecting the smooth workflow of property rental transactions.
W S Habib Takes Charge as CREDAI TN President for 2025-27
W S Habib, the Chairman and Managing Director of RWD (Ramky Wavoo Developers) Private Limited, has been appointed as the new President of CREDAI Tamil Nadu for the term 2025-27.
Maharashtra Government Increases Document Handling Fee for Property Registration
The Maharashtra government has announced a significant increase in the document handling fee for property registration, drawing criticism from various stakeholders. This move is expected to impact homebuyers and property owners across the state.