CapitaLand announces Rs 450 cr investment for one million sq ft IT park in Hyderabad
The project aims to meet the growing demand from Global Capability Centers (GCCs) and blue-chip companies for premium facilities. Additionally, CapitaLand's previously announced 25 MW IT load data center in Hyderabad is set to become operational by mid-2025, highlighting the city's rising prominence as a key hub for digital infrastructure in India.
Hyderabad: CapitaLand Group, a leading global real estate investment and development company headquartered and listed in Singapore, announced a Rs.450 crore investment to develop a state-of-the-art 1 million square foot IT park in Hyderabad.
This new project will cater to the increasing demand from Global Capability Centers (GCCs) and blue-chip companies seeking premium facilities.
CapitaLand’s earlier announced 25 MW IT load data centre in Hyderabad is on track to become operational by mid-2025, underscoring Hyderabad’s emergence as a critical node for digital infrastructure in India.
The second phase of redevelopment at International Tech Park Hyderabad (ITPH) is set to commence this year, with completion anticipated by 2028.
CapitaLand CEO Gauri Shankar Nagabhushanam said, “We are excited 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 milestone in reinforcing Hyderabad’s position as a leading business and technology hub.
In India, CapitaLand operates three prominent business parks in Hyderabad: International Tech Park Hyderabad (ITPH), aVance Hyderabad, and CyberPearl.
