CapitaLand announces Rs 450 crore investment in new IT park in Hyderabad
CapitaLand Group, a real estate investment and development company headquartered in Singapore, has announced an investment of Rs 450 crore to develop a 1 million square foot state-of-the-art IT park in Hyderabad.
The announcement was made after 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 officials of CapitaLand, including CapitaLand India Trust Management Pte. CEO and ED Gauri Shankar Nagabhushanam, according to an official release on Sunday.
Chief Minister Revanth Reddy welcomed the investment decision and described it as a milestone in strengthening Hyderabad’s position as a leading business and technology hub.
The upcoming project is part of CapitaLand’s wider development pipeline in Hyderabad. The new project will address the growing demand for Global Capability Centers (GCCs) and blue-chip companies looking for premium services, it said.
Gauri Shankar Nagabhushanam said: “We are very excited to expand our footprint in Hyderabad, leveraging its efficient ecosystem to deliver sustainable and world-class infrastructure.” CapitaLand operates three prominent business parks in Hyderabad- International Tech Park Hyderabad (ITPH), Vance Hyderabad, and CyberPearl.
CapitaLand’s previously announced 25 MW IT data load center in Hyderabad is on track to become operational by mid-2025, it said.
The second phase of the redevelopment of the International Tech Park Hyderabad (ITPH) is expected to begin this year, with completion expected by 2028, the release added.
