By FMTeam In a significant boost to Hyderabad’s growing reputation as a global tech hub, Singapore-based real estate giant CapitaLand has announced a ₹450 crore investment to develop a state-of-the-art IT park in the city. The project will span one million square feet and cater to the rising demand for premium office spaces in Hyderabad’s technology and business ecosystem.
Hyderabad: A Rising Technology Hub
Hyderabad has emerged as a preferred destination for technology companies and global capability centers (GCCs) due to its business-friendly policies, robust infrastructure, and skilled workforce. This latest investment by CapitaLand reinforces the city’s position as one of India’s leading tech and innovation hubs.
Gauri Shankar Nagabhushanam, CEO and Executive Director of CapitaLand India Trust Management Pte. Ltd., expressed optimism about the expansion, stating, “Hyderabad is a vibrant ecosystem for businesses, and we are excited to bring this new IT park to life. This investment aligns with our commitment to building sustainable and world-class infrastructure.”
Details of the New IT Park
The proposed IT park, with a built-up area of one million square feet, is designed to meet the evolving needs of multinational corporations and tech enterprises. It will include modern amenities, sustainable design features, and adaptable workspaces to attract top-tier tenants.
This project is expected to not only meet the growing demand for high-quality office spaces but also provide a boost to local employment and ancillary industries, reinforcing Hyderabad’s position on the global business map.
CapitaLand’s Established Presence in Hyderabad
CapitaLand already operates three major business parks in Hyderabad:
- International Tech Park Hyderabad (ITPH): A flagship development with top-tier facilities catering to major corporations.
- CyberPearl: A well-known IT park hosting multinational firms.
- aVance Hyderabad: A state-of-the-art business space for technology companies.
In addition to these properties, CapitaLand is actively working on a 25 MW IT load data center in Hyderabad, expected to become operational by mid-2025. The company is also planning the second phase of redevelopment at ITPH, which is projected to be completed by 2028.
Strategic Investment Amid Expanding Opportunities
CapitaLand’s decision to invest heavily in Hyderabad reflects a strategic move to leverage the city’s dynamic growth and the increasing demand for commercial real estate in the technology sector. The city is home to a thriving startup culture, global IT giants, and a workforce that ranks among the most skilled in the world.
The announcement also coincides with CapitaLand’s broader strategy to significantly expand its investments in India. The company aims to double its funds under management in India to S$14.8 billion by 2028, targeting diverse sectors including private real estate credit, renewable energy, and data centers in major metropolitan areas.
A Boost to Hyderabad’s Economy
This investment is poised to have a ripple effect on Hyderabad’s economy, generating direct and indirect employment opportunities during both the construction and operational phases. The influx of global and domestic firms into the IT park will likely stimulate demand in sectors such as retail, hospitality, and transportation, further enhancing the city’s economic growth.
Telangana Chief Minister K. Chandrashekar Rao and IT Minister K. T. Rama Rao have been vocal about their vision of transforming Hyderabad into a global technology and innovation capital. This investment serves as a testament to their efforts and the city’s rising appeal to global investors.
Sustainability at the Core
In line with CapitaLand’s commitment to sustainable development, the IT park will incorporate eco-friendly features, including energy-efficient designs, smart building technologies, and green spaces. This focus on sustainability aligns with the global push for environmentally responsible urban development.
Conclusion
CapitaLand’s ₹450 crore investment in Hyderabad’s new IT park marks a significant milestone in the city’s journey to becoming a global tech hub. With its state-of-the-art infrastructure and strategic vision, the project promises to attract top-tier tenants, create thousands of jobs, and reinforce Hyderabad’s reputation as a leading destination for technology and innovation. This development is not just a win for the local economy but a step forward in India’s broader ambitions to be a global leader in the digital age.