CapitaLand Investment launches newly redeveloped International Tech Park Hyderabad Block A with 100% lease commitment
Telugu super news,Hyderabad, 20 September 2023: CapitaLand Investment Limited (CLI) has commenced operations for Phase I of the newly redeveloped International Tech Park Hyderabad (ITPH). Strategically located in Madhapur, the heart of Hyderabad’s IT corridor, the business park has received 100% lease commitment from leading global corporations for its Block A office building.
CapitaLand India Trust (CLINT) will invest in the complete redevelopment of ITPH, which is expected to be done in phases over 7–10 years. After completion, ITPH will provide 4.9 million square feet (sq ft) of Grade A+ office space to house more than 50,000 IT/IT Enabled Services (ITES) professionals. At the launch of ITPH Block A today, a groundbreaking ceremony was also held for the development of a 40-megawatts (MW) data centre in ITPH.
The launch event was graced by K.T. Rama Rao, Hon’ble Minister for Municipal Administration & Urban Development, Industry & Commerce, Information Technology, Electronics & Communication, Government of Telangana and Shri Amarnath Reddy Atmakuri, Chief Relations Officer, IT E&C Department, Government of Telangana. Senior management from CLI who were present at the event included Mr Manohar Khiatani, Senior Executive Director, CLI and Chairman of CLINT and Mr Sanjeev Dasgupta, CEO, CLI India and CEO of CLINT.
Speaking at the event, the Hon’ble Minister for IT, E&C, Industries & Commerce, MA & UD, K.T. Rama Rao, said: “CLI’s commitment to developing world-class business parks and data centres in Hyderabad is a testament to the exponential growth of the city’s IT sector.
With Hyderabad becoming a preferred destination for leading global corporations, we are dedicated to providing the infrastructure and support necessary for these companies to grow and succeed. We will continue to work with leading companies like CLI to shape the future of Hyderabad’s business landscape by creating an ecosystem that nurtures innovation and collaboration.”
Mr Sanjeev Dasgupta, CEO, CLI India and CEO, CLINT said: “Hyderabad is among the fastest growing markets for CLI in India where we have close to 30 years of experience. We currently have 12 business parks across six cities in India, three of which are in Hyderabad. Our business parks in India enjoy a strong average occupancy rate of close to 90%, housing over 150,000 professionals from both multinational and local companies.
Besides our data centre in ITPH, we have two data centres under development in Navi Mumbai and Chennai, and one being planned for at our International Tech Park Bangalore. Our investment in Hyderabad demonstrates our commitment to harness the potential of the city’s IT/ITES infrastructure and be a strong partner both for the government and for corporations, especially in the business parks and data centre sectors.”
As part of Phase 1 operations, the 1.4 million sq ft Block A office building has received lease commitment from global corporations including Bristol Myers Squibb, Ernst & Young, Tata Consultancy Services, VXI Global, US Technology, Warner Bros. Discovery, Cloud4C Services and ANSR Global Corporation.
Mr Gauri Shankar Nagabhushanam, CEO, India Business Parks, CLI said: “Through our strong global tenant network and deep local operational expertise, we have achieved 100% lease commitment from some of the world’s leading corporations for Phase 1 of the redeveloped ITPH.
CLI remains committed to providing our customers with world-class and sustainable business infrastructure, state-of-art amenities, collaborative spaces, and a host of programmes to bring our tenant community together.”
ITPH Block A offers tenants a wide array of amenities across over 0.11 million sq ft 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. Open collaborative spaces such as a rooftop sports arena, game courts for volleyball and cricket, and a multipurpose indoor games court are also being planned.
LEED Gold-certified by the U.S. Green Building Council (USGBC), Block A is also pursuing a WELL Gold Certification from the International WELL Building Institute. Its sustainable features include rooftop solar panels to generate renewable energy, LED lighting, double-glazed facades with fins for energy efficiency, water-conserving fittings and equipment, rainwater recycling, organic waste converters and sewage treatment plants.
The data centre at ITPH will have a built-up area of 0.3 million sq ft. Its technologically advanced specifications will allow it to serve international hyperscalers and large enterprises.
CLI in India
CapitaLand has close to 30 years of experience in India and is one of the business park pioneers in the country. CLI has a resilient and well-diversified portfolio with total assets under management of INR247 billion (S$4 billion) in India.
It has over 20 IT and business parks, industrial, logistics, lodging and data centre assets across seven cities in India – Bangalore, Chennai, Goa, Gurgaon, Hyderabad, Mumbai and Pune.
CLI recently launched CapitaLand India Growth Fund 2, a business park development fund in India. This is the second business park development fund since the S$300 million Ascendas India Growth Programme, which was closed and fully committed in 2015. In Hyderabad, CLINT has another two business parks – aVance Hyderabad and CyberPearl.