CapitaLand to Develop 1 Million Sqft IT Park in Hyderabad with Rs 450 Crore Investment
Following a high-level meeting in Singapore with Chief Minister A Revanth Reddy, CapitaLand Group has announced a Rs 450 crore investment to build a state-of-the-art IT park in Hyderabad.
CapitalandIt ParkHyderabadInvestmentReal EstateReal EstateJan 20, 2025
Chief Minister A Revanth Reddy and IT Minister D Sridhar Babu met officials of CapitaLand Group during a high-level meeting in Singapore on Sunday.
The meeting marked a significant milestone as CapitaLand Group, a leading global real estate investment and development company headquartered in Singapore, announced an investment of Rs 450 crore to develop a state-of-the-art 1 million square feet IT park in Hyderabad.
Boosting Hyderabad's Business Hub Status
According to the Chief Minister’s Office (CMO), this project is part of CapitaLand’s broader development pipeline aimed at strengthening Hyderabad’s growth as a business hub.
The upcoming IT park will cater to the growing demand from Global Capability Centres (GCCs) and blue-chip companies seeking premium facilities.
Chief Minister's Welcome
Welcoming the investment, Chief Minister A Revanth Reddy hailed it as a significant milestone in reinforcing Hyderabad’s position as a leading business and technology hub.
He emphasized the city’s potential and the supportive policies of the Telangana government.
CapitaLand’s Vision
Gauri Shankar Nagabhushanam, CEO & ED, CapitaLand India Trust Management Pte Ltd, expressed enthusiasm about the project, highlighting Hyderabad’s strong business potential and the Telangana government’s progressive policies and dynamic leadership under CM Revanth Reddy.
He stated, “We are excited to expand our footprint in Hyderabad, leveraging its vibrant ecosystem to deliver sustainable and world-class infrastructure.”
CapitaLand’s Presence in Hyderabad
CapitaLand Group's portfolio spans retail, office, lodging, logistics, and data centres globally.
In Hyderabad, the company operates three prominent business parks International Tech Park Hyderabad, aVance Hyderabad, and CyberPearl.
The company’s recently announced 25 MW IT load data centre in Hyderabad is on track to become operational by mid-2025, further solidifying the city’s role as a critical node for digital infrastructure in India.
Future Projects
Additionally, the second phase of the redevelopment of International Tech Park Hyderabad (ITPH) is set to commence this year, with the works expected to be completed by 2028.
High-Level Meeting Details
The meeting was attended by IT and Industries Minister D Sridhar Babu, Special Chief Secretary of the IT Department Jayesh Ranjan, and other senior officials.
The chief minister also took a boat ride along the Singapore River to gain insights into the city-state’s best practices in river rejuvenation, water management, and urban infrastructure.
Chief Minister’s Reflection
On social media, CM Revanth Reddy shared his experiences from the boat ride, stating, “Gained valuable insights into the city-state’s historical efforts in river rejuvenation, breakthroughs in water management, and the restoration and preservation of heritage buildings, alongside the development of iconic buildings, offices, residences, and urban infrastructure.
We must learn and adopt best practices to create a world-class Hyderabad and we will.”
Frequently Asked Questions
Who is CapitaLand Group?
CapitaLand Group is a leading global real estate investment and development company headquartered and listed in Singapore. It operates a diverse portfolio of properties including retail, office, lodging, logistics, and data centres worldwide.
What is the investment amount for the new IT park in Hyderabad?
The investment amount for the new IT park in Hyderabad by CapitaLand is Rs 450 crore.
When will the 25 MW IT load data centre in Hyderabad be operational?
The 25 MW IT load data centre in Hyderabad is expected to become operational by mid-2025.
What are the current CapitaLand business parks in Hyderabad?
CapitaLand currently operates three prominent business parks in Hyderabad: International Tech Park Hyderabad, aVance Hyderabad, and CyberPearl.
What did the chief minister learn during his boat ride in Singapore?
The chief minister gained valuable insights into Singapore's historical efforts in river rejuvenation, water management, and the restoration and preservation of heritage buildings, alongside the development of iconic buildings, offices, residences, and urban infrastructure.
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