CapitaLand Investment launches International Tech Park Hyderabad Block A

Hyderabad: CapitaLand Investment Ltd (CLI) has commenced operations for Phase I of the newly redeveloped International Tech Park Hyderabad (ITPH) on Wednesday. Strategically located in Madhapur, the heart of Hyderabad’s IT corridor, the business park has received 100 per cent 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 7­10 years. After completion, ITPH will provide 4.9 million sq ft of Grade A+ office space to house more than 50,000 IT/ ITeS professionals. At the launch of ITPH Block-A, a groundbreaking ceremony was also held for the development of a 40-MW data centre in ITPH.

The launch event was graced by KT Rama Rao, Telangana IT Minister and IT E&C Department Chief Relations Officer Amarnath Reddy Atmakuri. On the occasion, KTR 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.”

He further said, “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 the city's business landscape by creating an ecosystem that nurtures innovation and collaboration.”

Sanjeev Dasgupta, CEO, CLI India and CEO, CLINT said: “Hyderabad is among the fastest growing markets for CLI in India where we have 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 per cent, housing over 1.5 lakh professionals.”

“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.”

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.

Gauri Shankar Nagabhushanam, CEO, India Business Parks, CLI said: “Through our strong global tenant network and deep local operational expertise, we have achieved 100 per cent 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.