CapitaLand Invests Rs 450 Crore to Develop 1 Million Sq Ft IT Park in Hyderabad
CapitaLand's new IT park aims to meet the growing demand from Global Capability Centers (GCCs) and top-tier companies for high-quality facilities.
CapitalandHyderabadIt ParkInvestmentDigital InfrastructureReal EstateJan 19, 2025
This new project is designed to cater to the increasing demand from Global Capability Centers (GCCs) and blue-chip companies seeking premium facilities.
The announcement underscores Hyderabad’s growing prominence as a key hub for digital infrastructure in India.
CapitaLand’s previously announced 25 MW IT load data center in Hyderabad is on track to become operational by mid-2025, further solidifying the city’s position in the tech and business landscape.
The second phase of the redevelopment at International Tech Park Hyderabad (ITPH) is set to commence this year, with completion anticipated by 2028.
CapitaLand CEO Gauri Shankar Nagabhushanam expressed excitement about the expansion, stating, “We are thrilled to expand our footprint in Hyderabad, leveraging its vibrant ecosystem to deliver sustainable and world-class infrastructure.”
Chief Minister of Telangana, A.
Revanth Reddy, welcomed the investment decision and described it as a significant milestone in reinforcing Hyderabad’s status as a leading business and technology hub.
“This investment will not only boost the local economy but also attract more global companies to set up their operations in Hyderabad,” he said.
In India, CapitaLand operates three prominent business parks in Hyderabad International Tech Park Hyderabad (ITPH), aVance Hyderabad, and CyberPearl.
These parks are known for their world-class facilities and have attracted numerous leading companies across various sectors.
CapitaLand’s commitment to sustainable development and high-quality infrastructure aligns well with the growing needs of the tech and business community in Hyderabad.
The new IT park is expected to create numerous job opportunities and further stimulate economic growth in the region.
Frequently Asked Questions
What is CapitaLand’s total investment for the new IT park in Hyderabad?
CapitaLand has announced a Rs 450 crore investment to develop a 1 million square foot IT park in Hyderabad.
How does the new IT park cater to the needs of Global Capability Centers (GCCs) and blue-chip companies?
The new IT park is designed to meet the growing demand for premium facilities from GCCs and blue-chip companies, providing them with state-of-the-art infrastructure and amenities.
When is CapitaLand’s 25 MW IT load data center in Hyderabad expected to be operational?
CapitaLand’s 25 MW IT load data center in Hyderabad is set to become operational by mid-2025.
What is the significance of the second phase of redevelopment at International Tech Park Hyderabad (ITPH)?
The second phase of redevelopment at ITPH is set to commence this year and is expected to be completed by 2028. This phase will further enhance the park’s infrastructure and attract more companies to Hyderabad.
How does CapitaLand’s investment in Hyderabad benefit the local economy?
CapitaLand’s investment is expected to create numerous job opportunities, attract more global companies, and stimulate economic growth in Hyderabad.
Related News Articles
Alexandria Real Estate Lands $5 Billion Credit Facility to Fuel Growth
Alexandria Real Estate, a leading life sciences and technology campuses REIT, secures massive credit facility to drive expansion
Pune Sees Surge in Property Registrations, with 13,397 Units Sold in August 2024
Pune's real estate market remains robust, with the city witnessing significant registrations and revenue growth in August. Homes valued Rs 1 crore and above saw increased demand in August 2024.
NeoLiv Secures Prime Land for Mixed-Use Villa Development in Alibaug
Alibaug Property, Alibaug Real Estate Market, Club & Spa Amenities, Coastal Retreats, India Real Estate, Infrastructure Developments, Luxury Residences
Ashish Chouhan, MD and CEO of NSE, Shares Insights on Market Corrections, F&O IPO, and Algo Trading
Ashish Chouhan, the Managing Director and CEO of NSE, provides valuable insights into recent market corrections, the future of F&O IPOs, and the growing influence of algorithmic trading. Here's what he has to say about the current and future trends in the
MahaRERA on High Alert: Show-Cause Notices Issued to Over 10,700 Housing Projects
Mumbai: In a significant move to regulate the real estate sector, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued show-cause notices to 10,773 'lapsed' projects registered with it since May 2017.
India Sees 329 GCC Leasing Deals in 2024: Bengaluru, Hyderabad, Chennai Lead the Charge
Mumbai Stands 7th on Prime Global Cities Index Q4 2024, Reveals Knight Frank Report. The robust commercial real estate market in India continues to attract significant attention.