CapitaLand Group, a prominent real estate investment and development company based in Singapore, has announced a significant investment of Rs 450 crore for the development of a cutting-edge 1 million square foot IT park in Hyderabad. This announcement follows a high-level meeting held in Singapore, which was graced by the presence of Telangana Chief Minister A Revanth Reddy, IT Minister D Sridhar Babu, as well as various state officials and senior executives from CapitaLand, including Gauri Shankar Nagabhushanam , CEO and Executive Director of CapitaLand India Trust Management Pte. Ltd. The development aims to address the growing demand from Global Capability Centers (GCCs) and blue-chip companies that are in search of premium facilities. The project is expected to bolster CapitaLand’s existing portfolio in Hyderabad, which already includes three established business parks: International Tech Park Hyderabad (ITPH), aVance Hyderabad, and CyberPearl . Notably, CapitaLand’s previously announced 25 MW IT load data center in Hyderabad is scheduled to commence operations by mid-2025. Furthermore, the second phase of redevelopment at ITPH is set to kick off this year, with completion anticipated by 2028. With this ambitious project, CapitaLand aims to expand its footprint in one of India’s tech hubs while contributing to the region’s infrastructure development.
Strategic Investment to Cater to Growing Demand
The investment in the new IT park aligns with CapitaLand’s strategy to cater to an ever-increasing demand for high-quality commercial spaces in Hyderabad. As more global companies establish their presence in India, the need for world-class facilities becomes paramount. According to industry reports, Hyderabad has emerged as a key destination for IT and tech firms, largely due to its skilled workforce and favorable business environment. The proposed IT park is designed to provide modern amenities and infrastructure that meet the evolving needs of Global Capability Centers. Gauri Shankar Nagabhushanam emphasized the company’s commitment to leveraging Hyderabad’s vibrant ecosystem to create sustainable and top-notch infrastructure. This investment is expected to not only enhance CapitaLand’s offerings but also contribute significantly to the local economy by creating job opportunities and attracting further investments in the technology sector.
CapitaLand’s Growing Presence in Hyderabad
CapitaLand’s portfolio in Hyderabad reflects the company’s strong focus on expanding its operations in key markets. The company currently operates three major business parks in the city, which serve as hubs for numerous multinational companies. International Tech Park Hyderabad (ITPH) is a landmark facility that has attracted various tech firms, while aVance Hyderabad and CyberPearl provide additional capacity for businesses seeking premium office space. The upcoming IT park is set to complement these existing properties, enhancing the overall infrastructure landscape of the region. Moreover, the ongoing redevelopment phase at ITPH is expected to introduce upgraded facilities that align with the latest industry standards, further solidifying CapitaLand’s position as a leader in the real estate sector. As the company continues to invest in Hyderabad, it also aims to foster partnerships with local businesses and stakeholders, ensuring mutually beneficial growth for all involved.
Looking Ahead: Future Developments and Operational Plans
With the announcement of the new IT park and the ongoing development projects, CapitaLand is poised for a successful trajectory in Hyderabad. The completion of the 25 MW IT load data center by mid-2025 is highly anticipated, as it will play a crucial role in meeting the demands of cloud computing and data management for businesses in the region. Additionally, the second phase of redevelopment at ITPH, expected to conclude by 2028, will further enhance the technological capabilities and infrastructure of the area. These developments not only signify CapitaLand’s commitment to investing in Hyderabad but also highlight the city’s potential as a burgeoning hub for technology and innovation. As the demand for premium office spaces continues to rise, CapitaLand’s initiatives are well-aligned with market trends, ensuring that they remain at the forefront of the real estate development landscape in India.
