
HYDERABAD: CapitaLand Group, a leading global real estate investment and development company headquartered and listed in Singapore, has announced an investment of Rs 450 crore to develop a state-of-the-art 1 million square feet IT park in Hyderabad.
The announcement followed a high-level meeting in Singapore with a delegation led by Chief Minister A Revanth Reddy.
According to the Chief Minister’s Office (CMO), the project is part of CapitalLand’s border development pipeline aimed at strengthening Hyderabad’s growth as a business hub. The upcoming IT park will cater to the growing demand from Global Capability Centres (GCCs) and blue-chip companies seeking premium facilities.
Welcoming the investment, Revanth called it a significant milestone in reinforcing Hyderabad’s position as a leading business and technology hub.
Gauri Shankar Nagabhushanam, CEO & ED, CapitaLand India Trust Management Pte Ltd said: “Hyderabad has consistently demonstrated strong potential for business growth, supported by the Telangana government’s progressive policies and dynamic leadership of CM Revanth Reddy. We are excited to expand our footprint in Hyderabad, leveraging its vibrant ecosystem to deliver sustainable and world-class infrastructure.”
CapitaLand Group’s portfolio spans retail, office, lodging, logistics and data centres globally. In Hyderabad, the company operates three prominent business parks: International Tech Park Hyderabad, aVance Hyderabad and CyberPearl.
The company’s recently announced 25 MW IT load data centre in Hyderabad is on track to become operational by mid-2025, solidifying the city’s role as a critical node for digital infrastructure in India.
Additionally, the second phase of redevelopment of International Tech Park Hyderabad (ITPH) is set to commence this year.
The works are likely to be completed by 2028.
The meeting was attended by IT and Industries Minister D Sridhar Babu, Special Chief Secretary of IT Department Jayesh Ranjan and other senior officials.
Meanwhile, the chief minister took a boat ride along the Singapore River to gain insights into the city-state’s best practices.
Taking to X, the chief minister tweeted: “Gained valuable insights into the city-state’s historical efforts in river rejuvenation, breakthroughs in water management and the restoration and preservation of heritage buildings, alongside the development of iconic buildings, offices, residences and urban infrastructure.”
“We must learn and adopt best practices to create a world-class Hyderabad and we will,” he added.