19-yr-old drowns in SRSP canal

Says 25 MW IT load data centre in Hyderabad is on track to become operational by mid-2025

- EXPRESS NEWS SERVICE @Hyderabad

CAPITALAND Group, a leading global real estate investment and development company headquartered and listed in Singapore, has announced an investment of ₹450 crore to develop a State-of-the-art 1 million sq. ft 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 CM's Office, 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."