Telangana Chief Minister Revanth Reddy recently held a high-level meeting with Capitaland Group, a global leader in real estate investment and development. During the meeting, Capitaland’s Senior Executive Director, Manohar Khiatani, announced an investment of Rs. 450 crore to build a one-million-square-foot state-of-the-art business park in Hyderabad. This move is seen as a major milestone for the city’s growth.
The Chief Minister was joined by Minister Sridhar Babu, Special Chief Secretary Jayesh Ranjan, and other officials. CM Reddy highlighted that the new project will support Global Capability Centers (GCCs) and meet the growing demand from blue-chip companies seeking high-quality facilities in Hyderabad.
Welcoming the investment, CM Reddy emphasized that this decision strengthens Hyderabad’s reputation as a leading hub for business and technology. He noted that Capitaland already operates three major business parks in the city: International Tech Park Hyderabad (ITPH), Avance Hyderabad, and Cyberpearl, and has a diverse portfolio including retail, office spaces, lodging, logistics, and data centers.
In addition, CM Reddy spoke about Capitaland’s previously announced IT Load Data Center in Hyderabad, which is expected to be operational by mid-2025. He also shared news about the second phase of redevelopment for International Tech Park Hyderabad (ITPH), which will start this year and is planned for completion by 2028. This redevelopment is set to further boost the city’s infrastructure and capabilities.
Minister Sridhar Babu also expressed his excitement about the upcoming IT park. He stated that the project will not only improve Hyderabad’s infrastructure but also create numerous job opportunities, benefiting the local economy and workforce.
He added that Telangana’s impressive growth story will continue, with developments like these further positioning the state as a hub for technology and innovation. The new investment is expected to attract a variety of businesses, enriching the region’s dynamic and thriving ecosystem.
