Real estate investment manager CapitaLand Investment on September 20, 2023, launched the first phase of its International Tech Park Hyderabad (ITPH), a 1.4 million square foot (msf) facility that has received 100% lease commitment from several global corporations. The tech park was inaugurated by Telangana IT and Industries Minister K.T. Rama Rao.
The ground-breaking ceremony for a 40 MW data centre was held with the launch of Block A of the re-developed tech park located in Madhapur, the heart of Hyderabad’s IT corridor. The data centre will have a built-up area of 0.3 msf. ITPH Block A offers tenants a wide array of amenities across over 0.11 msf including cafeterias, food courts, private dining areas, meeting rooms and townhall centres, a daycare facility, a gym, a convenience store, a clinic and premium flexible office spaces.
Bristol Myers Squibb, Ernst & Young, Tata Consultancy Services, VXI Global, Warner Bros, Discovery, Cloud4C Services and ANSR Global Corporation are among the firms that will have their offices in the park. CapitaLand India Trust (CLINT) will be investing in the complete re-development of the park, which is expected to be carried out in phases over the next 7-10 years. On completion, ITPH will provide 4.9 msf of Grade A+ office space to house more than 50,000 IT/ITES professionals.
According to media reports, in December 2022, CLINT said that it will invest Rs 6,200 crore over the next 5-7 years in Hyderabad to establish a data centre, with 36 MW of power capacity and doubling of its office space. Of the 12 business parks CapitaLand Investment has in six cities, three are in Hyderabad. The firm has two data centres under development in Navi Mumbai and Chennai, and one being planned for at its International Tech Park Bengaluru.