CapitaLand to pump 6,000 crore in Telangana over next 5 years

HYDERABAD: Singapore-based realty investment and development major CapitaLand plans to invest 6,200 crore in Telangana over the next 5-7 years in multiple projects.
The investment plan includes 5,000 crore in doubling its total office space in Hyderabad of over 6 million sq ft in the next five years and 1,200 crore in setting up a 36MW data center in the city, Telangana government said on Tuesday.
The data center will come up at CapitaLand India Trust (CLINT)'s International Tech Park Hyderabad (ITPH) in Madhapur over a 2.5 lakh sq ft built-up area and is expected to be deployed in the next 3-5 years, CapitaLand said.
Announcing the investment, IT & industries minister KT Rama Rao tweeted, "Very Happy to announce that @CapitaLand is investing in a Data Center in Hyderabad with a capacity of 36 MW and an investment 1,200 crores scheduled to be developed and deployed by the end of 2024."
"Also happy to learn that CapitaLand will double its current office space of 6 million sq ft in Hyderabad over the next 5-7 years with a potential investment of over 5000 Crores," he said, adding that this was a sign of CapitaLand's confidence in city's IT/ITeS journey.
The proposed data center project, for which an MoU was inked between CLINT and the state government, will incorporate the latest technologies in cooling and security as well as a dedicated gas insulated substation to enable data centre to serve hyperscale players and large enterprises in the region.
CLINT CEO Sanjeev Dasgupta said this is their second data center project in India after the acquisition of a greenfield data centre development site in Navi Mumbai in 2021. The company owns and manages three business parks in Hyderabad - ITPH, CyberPearl and aVance - aggregating to 3.8 million sq ft and catering to nearly 70 global organisations and over 30,000 professionals, he added.