CapitaLand Invests Rs 450 Crore in New IT Park in Hyderabad
CapitaLand Group, a real estate investment and development company based in Singapore, has announced a Rs 450 crore investment to develop a new 1 million square foot IT park in Hyderabad. This strategic move aims to support the growing demand from Global
CapitalandIt ParkHyderabadReal EstateInvestmentReal Estate NewsJan 19, 2025
This significant investment was formalized during a high-level meeting in Singapore, which 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.
The announcement was made in an official release on Sunday.
Chief Minister Revanth Reddy welcomed the investment decision and emphasized its importance in strengthening Hyderabad's reputation as a leading business and technology hub.
'This investment is a milestone in further cementing Hyderabad's position as a global tech center,' Reddy stated.
The new IT park is part of CapitaLand's broader development plans in Hyderabad, designed to meet the increasing demand from Global Capability Centers (GCCs) and blue-chip companies looking for premium facilities.
Gauri Shankar Nagabhushanam commented, 'We are excited to expand our footprint in Hyderabad, leveraging its vibrant ecosystem to deliver sustainable and world-class infrastructure.'
CapitaLand already operates three prominent business parks in Hyderabad International Tech Park Hyderabad (ITPH), aVance Hyderabad, and CyberPearl.
These existing projects have contributed significantly to the city's tech infrastructure and continue to attract major international and domestic companies.
In addition to the new IT park, CapitaLand's previously announced 25 MW IT load data center in Hyderabad is on schedule to become operational by mid-2025.
'This data center will further bolster Hyderabad's position as a key player in the global tech industry,' Nagabhushanam added.
The second phase of redevelopment at International Tech Park Hyderabad (ITPH) is set to commence this year, with completion planned for 2028.
This ongoing investment showcases CapitaLand's commitment to continuous improvement and innovation in the region.
Hyderabad's rapidly growing tech ecosystem, supported by government initiatives and strategic investments like CapitaLand's, is poised to attract even more businesses and talent in the coming years.
The city's favorable environment, coupled with CapitaLand's world-class facilities, is expected to drive significant economic growth and technological advancements.
Frequently Asked Questions
How much is CapitaLand investing in the new IT park in Hyderabad?
CapitaLand is investing Rs 450 crore in the new IT park in Hyderabad.
Who attended the high-level meeting where the investment was announced?
The high-level meeting 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 is the size of the new IT park being developed by CapitaLand in Hyderabad?
The new IT park is designed to be a state-of-the-art 1 million square foot facility.
What is the significance of this investment for Hyderabad?
This investment is significant as it reinforces Hyderabad's position as a leading business and technology hub, catering to the growing demand from Global Capability Centers (GCCs) and blue-chip companies.
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, and the second phase of redevelopment at International Tech Park Hyderabad (ITPH), set to commence this year and complete by 2028.
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