“CapitaLand Group Unveils Rs 450 Crore Investment for a 1 Million Sqft IT Park in Hyderabad”

State of the art IT Park to be Built in Hyderabad by Hyderabad for Cybertech Real Estate Venture with an Investment of Rs 450 Crore from CapitaLand Group

Hyderabad: Real estate major Singapore-based CapitaLand Group has announced Rs 450 crore investment to develop a 1 million square ft IT park in Hyderabad, which is a big shot for the city’s business and technology face. This was a major announcement following a high level meeting in Singapore between Telangana Chief Minister A. Revanth Reddy, IT Minister D. Sridhar Babu and senior executives of CapitaLand Group led by Gauri Shankar Nagabhushanam who is chief executive and executive director of CapitaLand India Trust Management Pvt Ltd.

Building Hyderabad’s Business Ecosystem
CapitaLand is developing into the upcoming IT park and is part of larger plans in Hyderabad. It seeks to respond to GCCs and blue chip companies’ premium facility demand. For Hyderabad, which has been fast becoming a favourite of global corporations because of its strong infrastructure, progressive government policies and progressive leadership under Chief Minister, Revanth Reddy, this will be a game changer.

Speaking to the media on the occasion, Gauri Shankar Nagabhushanam, said we are excited to further expand our footprint in Hyderabad, taking advantage of the city’s dynamic ecosystem to deliver some of the world’s leading sustainable and state of the art infrastructure.

Key Highlights of the Investment

• IT Park Specifications: An 1 million sq. ft. modern IT park that’s all set to cater to high end business needs.
• Existing CapitaLand Presence: Currently, the company runs three visible business parks in Hyderabad — International Tech Park Hyderabad (ITPH), aVance Hyderabad and CyberPearl.
• Upcoming Data Center: The city continues to build up its position on India’s digital infrastructure network, with CapitaLand’s earlier announced 25 MW IT load data center set to come online around mid-2025.
• Redevelopment Plans: This year, the second phase of redevelopment, at International Tech Park Hyderabad (ITPH), is likely to start, with completion by 2028.

Revant Reddy, the Chief Minister welcomed the investment and said it marked a milestone for Hyderabad that puts it at the forefront as a hub for business and technology. This is because the state government’s policies and initiatives, have always attracted global investments bolstering Telangana’s economic landscape.

Telangana’s Vision for Growth

“With a business friendly environment to promote innovation, sustainability and growth, it is the Telangana government’s aim.” The Chief Minister said that we will keep learning from global best practices and make Hyderabad a world class city.

A Strategic Move for CapitaLand Group

Housed in Singapore, Asia’s largest real estate investment and development company, CapitaLand Group includes a diverse portfolio of investment, financing, development, and operating divisions. From retail, to office spaces, logistics, data centers, and lodging, its diversified portfolio. Aligned with CapitaLand’s strategy to develop its presence in India, where the requirement of premium infrastructure remains strong, this new project in Hyderabad fits in well.