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
Godrej Properties Expands into Indore's Booming Real Estate Market
Godrej Properties acquires 46-acre land parcel in Indore, marking its entry into the city's real estate market.
Budget 2025: How It Affects the Real Estate Sector - Focus on Housing
The 2025 Budget places a significant emphasis on enhancing liquidity, which is expected to boost disposable income and, in turn, the real estate market, particularly the housing segment.
International Women's Day 2025: Women Homebuyers Surge by 14% in 2024
In a significant shift, women homebuyers in India surged by 14% in 2024, with a total of 1.29 lakh women making property purchases in cities like Pune, Bengaluru, Hyderabad, Noida, Greater Noida, and Ghaziabad. This growth reflects a rising trend of finan
Staffer of Harish Rao Among Three Held for Illegal Surveillance of Real Estate Agent
Police have arrested three individuals, including a staffer of Harish Rao, for allegedly conducting illegal surveillance on a real estate agent. Further investigation is in progress.
Major Corporate Moves: NBCC, Bajaj Finserv, Glenmark Pharms, Indraprastha Gas, and More
In recent developments, NBCC has bagged a significant contract, Bajaj Finserv is expanding its digital services, and other companies like Glenmark Pharmaceuticals, Indraprastha Gas, and Syngene International are making notable moves.
Mumbai's Rental Rates Surge Amidst Limited Land and High Development Costs
Mumbai's real estate market is facing a significant increase in rental costs, making it one of the most expensive cities in India. Factors such as limited land availability, high development costs, and urban density contribute to this trend.