CapitaLand Group, a global leader in real estate investment and development, announced today that it plans to invest ₹450 crore in building a state-of-the-art IT park in Hyderabad, Telangana. This 1 million square feet project is aimed at reinforcing the city’s status as one of the best business and technology cities.
High-Level Announcement in Singapore
An investment announcement was made subsequent to a highly impactful meeting in Singapore, which involved key dignitaries from Telangana – Chief Minister Shri A. Revanth Reddy, IT Minister Shri Duddilla Sridhar Babu, and Special Chief Secretary Shri Jayesh Ranjan, among others.
Senior executives present from CapitaLand Group include Mr. Gauri Shankar Nagabhushanam, CEO & ED of CapitaLand India Trust Management, and Mr. Manohar Khiatani, Senior Executive Director at CapitaLand Investment, among others.
Hyderabad in Growth
The upcoming IT park is part of CapitaLand’s strategic expansion in Hyderabad, planned for the growing demand for premium office spaces from GCCs and blue-chip companies. This initiative will be a reflection of CapitaLand’s commitment towards sustainable and world-class infrastructure development.
Mr. Gauri Shankar Nagabhushanam said, “Hyderabad has always shown robust business growth potential, and we are encouraged by the progressive policies of the Telangana Government and the dynamic leadership of CM Revanth Reddy. We look forward to growing our presence in Hyderabad, capitalizing on its energetic ecosystem.”
Chief Minister A. Revanth Reddy said, “We welcome this investment, which is crucial for the further strengthening of Hyderabad’s image as a business and technology hub.”
CapitaLand in India
Singapore-listed office space developer CapitaLand Group has a diverse portfolio of retail spaces, lodging, logistics, data centers, and offices. In India, three business parks are owned by CapitaLand in Hyderabad: International Tech Park Hyderabad (ITPH), aVance Hyderabad, and CyberPearl.
The group’s earlier-announced 25 MW IT load data center in Hyderabad is on track and will begin operations by mid-2025. The second phase of redevelopment at International Tech Park Hyderabad (ITPH) is expected to start this year and will be completed by 2028.
Hyderabad, as an international business destination, is witnessing the investment of CapitaLand’s ₹450 crores. The project is set to bring significant multinational corporations to the city, hence it will accelerate the economy and reaffirm its status as an innovation and technology hub.
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