Hyderabad’s IT Sector Thrives as CLI Invests in World-Class Business Parks
Hyderabad(Sep, 20) : CapitaLand Investment Limited (CLI) has commenced operations for Phase I of the newly redeveloped International Tech Park Hyderabad (ITPH) in the heart of Hyderabad’s IT corridor. The business park’s Block A office building has achieved a remarkable 100% lease commitment from leading global corporations.
The event was attended by distinguished guests, including K.T. Rama Rao, Minister for Municipal Administration & Urban Development, Industry & Commerce, Information Technology, Electronics & Communication, Government of Telangana, and Amarnath Reddy Atmakuri, Chief Relations Officer, IT E&C Department, Government of Telangana. Senior management from CLI was also present.
CapitaLand India Trust (CLINT) will invest in the complete redevelopment of ITPH, which is expected to unfold over 7–10 years, providing 4.9 million square feet of Grade A+ office space for over 50,000 IT/IT Enabled Services (ITES) professionals. At the launch event, a groundbreaking ceremony marked the development of a 40-megawatts (MW) data center within ITPH.